In this video, learn how to define how blockchains can help give both businesses and their customers new transparency into the provenance of goods and services you buy and use. In complex business ecosystems, it is very difficult today to track the origin and journey of goods and services—and businesses, customers, shareholders, and regulators are demanding increased transparency.
- Today's supply chains are dispersed and diverse … and global, and that means it's easy for things to go wrong. … Even small problems deep in the supply chain, … an incorrect material used by a supplier's supplier … can become massive after that material has been molded … and welded and rolled down the assembly line … of the finished product. … Blockchains can help. … They can give us radical transparency and make it possible … for us to see all kinds of data about a thing … as it moves through a tangled supply chain. … How? … They help us verify the unique identity … of each component or organization or person … involved in a process. … Then this identity and how it interacts … with other identities can be tracked … through the entire lifetime of a good. … We can see the source and track every time it changes hands … or crosses a border. … And blockchains can even help us track the conditions … under which a product travels … as it moves through a supply chain. … When a blockchain is working together …
Alison begins by explaining what blockchains accomplish, how they make it safer for everyone to work together, and where they do—and do not—deliver value. Then, she details the new tools that blockchains offer business, including how they can help you discern what's real from what's false in your digital world. Plus, learn how blockchains can impact different departments within your business, from finance to HR.