Chain Business Insights’ new book, Blockchain Meets Supply Chain: Rewiring Business Operations for the Digital Age, focuses on concrete blockchain uses for supply chain management and trade finance. The firm, which will offer membership and consultative services, is also conducting a survey on the topic.
“Proof of concepts are already underway to apply blockchain to supply chain management,” says Ken Cottrill, co-founder and research principal at Chain Business Insights. “IBM, Walmart and Maersk are among the organizations leading the way.”
The eBook is intended to be a primer for those who want to learn about blockchain basics and potential applications in supply chain management. It explains how blockchain can be used to improve efficiency and reduce fraud, support ethical and sustainable supply chains, facilitate trade transactions and comply with regulations. The eBook also discusses blockchain implementation challenges and strategy.
“The financial services industry is well positioned to leverage blockchain - including for trade finance,” said Peter Harris, also co-founder and research principal at Chain Business Insights. “(We believe) there is huge potential to learn from these FSI experiences to solve similar problems in supply chain management, reshape global supply chains and enhance competitiveness of enterprises worldwide.”