{"id":65238,"date":"2018-11-23T10:55:34","date_gmt":"2018-11-23T15:55:34","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=65238"},"modified":"2018-11-23T10:56:02","modified_gmt":"2018-11-23T15:56:02","slug":"why-blockchain-is-quickly-becoming-the-gold-standard-for-supply-chains-datafloq-com","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2018\/11\/23\/why-blockchain-is-quickly-becoming-the-gold-standard-for-supply-chains-datafloq-com\/","title":{"rendered":"Why blockchain is quickly becoming the gold standard for supply chains [datafloq.com]"},"content":{"rendered":"<p><a href=\"https:\/\/datafloq.com\/read\/blockchain-gold-standard-supply-chains\/5747\" target=\"_blank\" rel=\"noopener\"><strong>Why blockchain is quickly becoming the gold standard for supply chains<\/strong> <\/a>&#8212; from\u00a0datafloq.com<\/p>\n<p><em>Excerpts:<\/em><\/p>\n<p>Global supply chains are complex processes. Different companies, with distinctive objectives, are working together to achieve a common goal; to bring something from A to B. For a supply chain to work, partners have to trust each other. To do so, there are multiple checks-and-balances, extensive documents and different checkpoints all interacting in a web of bureaucratic processes. Knowing the amount of paperwork required to send a product from farm to plate, it is remarkable that we have managed to develop global supply chains.<\/p>\n<p>However, the processes in place are time-consuming, expensive and they don\u2019t always prevent growing problems such as counterfeit products, fragmentation and falsification of data, lack of transparency, extensive settlement times and incorrect storage conditions.<\/p>\n<p>Especially the availability of counterfeit products is an extensive problem.\u00a0<a href=\"https:\/\/www.businessinsider.nl\/how-to-find-fake-products-online-shopping-amazon-ebay-walmart-2018-3\/\">Research<\/a>\u00a0showed that 20 out of 47 items audited from renowned retailers such as Amazon or eBay turned out to be counterfeit. This results in annual damages of $1 trillion of missed income by retailers and manufacturers.<\/p>\n<p>&#8230;<br \/>\n<strong>Three use cases of improved supply chains<\/strong><\/p>\n<ol>\n<li>Beiersdorf \u2013 developing an open pallet exchange<\/li>\n<li>Bayer \u2013 total recall of pharmaceuticals<\/li>\n<li>Kellogg\u2019s \u2013 food quality and safety first<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why blockchain is quickly becoming the gold standard for supply chains &#8212; from\u00a0datafloq.com Excerpts: Global supply chains are complex processes. Different companies, with distinctive objectives, are working together to achieve a common goal; to bring something from A to B. For a supply chain to work, partners have to trust each other. To do so, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[113,819,387,112,210,195,367,299],"tags":[],"class_list":["post-65238","post","type-post","status-publish","format-standard","hentry","category-21st-century","category-blockchain","category-business","category-corporate-business-world","category-emerging-technologies","category-tools","category-vendors","category-workplace"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/65238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=65238"}],"version-history":[{"count":2,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/65238\/revisions"}],"predecessor-version":[{"id":65240,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/65238\/revisions\/65240"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=65238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=65238"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=65238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}