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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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Module 1: Plan Collection of Business Context

The Purpose

To engage stakeholders and elicit the business context you are designing for.

Key Benefits Achieved

Insight into business problems and opportunities.

Activities

Outputs

1.1

Schedule relevant interviews.

1.2

Prepare and get feedback on interview questions.

  • Completed Business Context Discovery Tool
1.3

Select relevant Info-Tech diagnostics to conduct.

1.4

Launch and complete Info-Tech diagnostics.

  • Completed Info-Tech diagnostics

Module 2: Document the Business Context

The Purpose

To complete the business context.

Key Benefits Achieved

A full understanding of the business direction.

Activities

Outputs

2.1

Host kick-off meeting with participants to outline goals and outcomes.

2.2

Conduct group or one-on-one interviews to identify the business context.

  • Uncover and document the missing pieces of the business context.

Module 3: Explore Blockchain’s Potential Industry Impact

The Purpose

To develop an understanding of how blockchain is impacting industries.

Key Benefits Achieved

Improved knowledge of blockchain impacts and use cases.

Activities

Outputs

3.1

Introduce blockchain technology.

  • Blockchain glossary
3.2

Identify and study blockchain’s benefits.

3.3

Analyze the flaws of the transportation and logistics industry.

3.4

Review industry-specific use cases to see how the technology can alleviate inherent flaws.

  • Blockchain use cases and case studies

Module 4: Understand Blockchain at Your Organization

The Purpose

To determine how blockchain can be used at your organization.

Key Benefits Achieved

Learning how to apply blockchain for your organization.

Activities

Outputs

4.1

Create a business model canvas.

4.2

Journey map the user experience to identify points of interest.

  • Blockchain use case
4.3

Brainstorm a blockchain solution.

  • Blockchain Alignment Tool
4.4

Assess your business architecture to validate developing your use case.

  • Blockchain Alignment Presentation

Module 5: Consolidate Your Findings & Present the Use Case

The Purpose

To have a coherent pitch prepared.

Key Benefits Achieved

Obtain pilot project approval.

Activities

Outputs

5.1

Prepare a stakeholder presentation.

5.2

Craft a one pager for your preferred use case.

  • Prototype One Pager
5.3

Build and practice your pitch to the business.

  • Pitch for the business
5.4

Present your findings to business executives.

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

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