Videos & Visions: Of Logistics and Blockchains

 Supply chains today face a growing host of issues and demands as the complexity of global sourcing and delivery in an uncertain world continue to increase.

To name a few, counterfeiting of products, sustainability, cyber security, slave labor and cross company collaboration are all challenges in need of new and better solutions.

This edition of Videos & Visions shares three videos and the supposition that the answers we're seeking can all be delivered by building a semantic blockchain.

First off is this blockchain backgrounder video from the UK Government Office for Science for those of you not yet familiar with the technology.

The first application of blockchain was for Bitcoin and has led to some concerns due to use for illicit purposes. Today I'd ask you to suspend your disbelief and listen to Don Tapscott share his vision for the Blockchain Revolution during a recent presentation at USI.

Don and his son Alex Tapscott have captured their take on how blockchain can fuel a revolution and change the world.

Indeed wider social ramifications and improvements may also be possible from wider use of blockchain in all aspects of society. Check out this TEDtalk from Daniel Gasteiger at TEDxLausanne.

Hoping that through these three video shares the wider potential of blockchain is now more clear in your mind, but let's bring this back to the topic at hand logistics.

Since 2012, I've been unsuccessfully trying to convince the major supply chain software vendors to make their systems and data semantic to capture synergy and sustainability savings through the collaboration potential of cross company logistics data in the same format.

Such resistance could be rationalized as it meant they'd basically have to start over from ground up rebuilding systems based on semantic data foundation.

Seems the time has now come to retool logistics and supporting systems to address the myriad challenges faced today.

Simply put, it's time to build the blockchain.

Jeff Ashcroft

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