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Monday, April 15, 2019

Forrester on Value of Blockchain for the Supply Chain

High level overview of value of blockchains and link to a video:

Blockchain and Supply Chain
George Lawrie, Vice President, Principal Analyst
Martha Bennett, Principal Analyst

Modern supply chains are faster, more dynamic, and more volatile than ever before. The digital economy thrives on scouring the globe for new markets and new sources of supply.  Furthermore, agile supply networks outpace rigid supply chains, anticipating demand from empowered customers. But in contrast with rigid legacy supply chains, binding known and trusted vendors,  an agile network of temporary suppliers,  might damage customer experience, by concealing the origin and characteristics of components or ingredients. Blockchain and distributed ledger technologies can help,  by increasing visibility of supply chain documentation. They can reduce inspections, boost trade credit,  and build trust even with new, or temporary, suppliers. .... " 

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