It’s the blockchain, a technology that was created as a system of record for transactions involving bitcoin and other digital cryptocurrencies. But the two aren’t inextricably linked. The blockchain is a standalone tool that creates a secure, trusted digital ledger of transactions between business partners. As such, it’s an ideal means of recordkeeping for the supply chain. It can be of particular value in times of natural disaster, such as the hurricanes and wildfires that have struck regions of the U.S. in recent weeks. On this episode, we learn how the blockchain can aid in disaster management. Our guest is Scott Nelson, chief executive officer and chairman of Sweetbridge, a global alliance that wants to use blockchain to create “a liquid supply chain.” He explains how the blockchain can be deployed to confirm the location and condition of inventory throughout the supply chain. The blockchain might not yet have a high public profile, he says, but it’s poised to enable big improvements in business-to-business communications. Hosted by Bob Bowman, Managing Editor of SupplyChainBrain.
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The Sweetbridge blog.
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