Have you heard about blockchain? It is a new technology being used to drive corporate transparency in many different industry sectors. At its core, blockchain is a ledger technology that allows multiple parties to have copies of all transactions, which can easily be verified to minimize risks. In this webcast, you will explore three supply chain interactions and see how blockchain can be implemented to reduce errors, increase auditability and drive collaboration. The three interactions include: physical goods from producer to retailer, digital products and vendor relationships for royalty payments. Through these use cases, you will learn about blockchain implementation, considerations for implementation and success and failure factors. You will also spend time discussing privacy and security and their associated regulations.
When you complete this webcast, you will be able to:
– Identify blockchain concepts.
– Determine the future of supply chain.
– Analyze how blockchain technology could disrupt the supply chain industry.
– Determine the appropriate use for blockchain on physical goods transactions.
– Select a strategy for blockchain implementation on a supply chain for physical goods.
– Analyze a scenario in which blockchain technology is used to register and track digital products.
– Identify why using blockchain technology is appropriate in a given scenario and choose the best strategy for implementation.
– Determine the appropriate use of blockchain to track sales of vendor software and royalty payment flow.
– Outline a strategy for blockchain implementation on a supply chain for digital goods.
– Blockchain overview
– Blockchain public and private networks in regard to physical supply chain automation, digital goods and vendor management
– The role smart contracts play in supply chain blockchain networks
– How to determine the appropriateness of blockchain to a solution
– Regulatory issues that impact blockchain implementations