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Adopt Blockchain for Supply Chain Transparency

An emerging technology to solve an emerging need.

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Contributors

  • Blockchain Research Institute
  • Ivey Business School
  • Anonymous contributors

Your Challenge

  • Blockchain, the underpinning technology behind bitcoin, is broadcast as a powerful technology capable of transforming the entire business world.
  • Many companies are racing towards blockchain adoption in hope of achieving first-mover advantage.
  • Supply chains have never been under more stress than now, due to the COVID-19 pandemic. Organizations are looking for solutions to drive transparency, integrity, efficiency and security.

Our Advice

Critical Insight

  • Most leaders have an ambiguous understanding of blockchain and its benefits, let alone how it impacts their organization.
  • With bitcoin drawing most of the media attention, organizations are finding it difficult to translate cryptocurrency hype to business use case.

Impact and Result

  • Distinguish blockchain from bitcoin by introducing a business-centric definition of blockchain around its unique and competitive technological features.
  • Discover successful blockchain use cases in different industries; business leaders can leverage tangible real-life examples to interpret the impact of blockchain on their own industry.
  • By analyzing the value chain of their business, CIOs can understand stakeholder pain points and craft a blockchain use case around them.

Research & Tools

1. Download the blueprint

This blueprint outlines the opportunity for impact that blockchain has for supply chain transparency, how manufacturers are investing, and what you should do about it.

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Search Code: 93385
Published: July 14, 2020
Last Revised: July 14, 2020

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