Sweetbridge: Supply Chain/ Blockchain Friday Wrap — Week ending 29 June 2018
Here are some highlights of ‘supply chain on the blockchain’ news this past week!Times have changed. The supply chain industry is entering a new era as one of the main proof of concepts for blockchain applications, combining transparency and decentralisation. More and more companies are realising the value of what Blockchain can offer. It is not just about having power anymore, but is more importantly about having true integrity, unquestionable influence, indisputable transparency and unbreakable trust.From Farm to Plate via Blockchain: Solving Agriculture Supply Chain One Grain at a TimeDid you know that the complete agricultural supply chain provides over 1.6 million jobs to the Australian economy? In Australia, according to the Australian National Farmers’ Federation, there are approximately 85,681 farm businesses with agriculture being one of the least digitised sectors.Click for source of photoBlockchain isn’t the answer to everything, but AgriDigital, believes it’s the right fit for providing transparency, efficiency, and trust to farmers and the post - farmgate agriculture ecosystem.Reference: zdnet.com/ref1Walmart-Led Blockchain Effort Seeks Farm-to-Grocery-Aisle View of Food Supply ChainTen food industry giants are hopeful that blockchain technology can revolutionise their supply chain and help avoid crises. Capturing real-time data at every point, on every single food product — such as when bad food gets into the supply chain.The Walmart led Food Trust includes Nestlé SA, Dole Food Co., Driscoll’s Inc., Golden State Foods, Kroger Co., McCormick and Co., McLane Co., Tyson Foods Inc. and Unilever NV.Reference: blogs.wsj.com/ref4 ; blogs.wsj.com/ref5 ; econotimes.com/ref6How Blockchain Can Benefit Space Exploration (Op-Ed)DID YOU KNOW that the ability to precisely track and manage the creation and movement of rocket parts is hypercritical? The absence of even the smallest part can delay a rocket launch. Blockchain can help space missions stay on schedule by unleashing the potential of entrepreneurs and established businesses to focus on developing better rockets rather than worrying about inefficiencies or costs during their creation.Click for source of photoBlockchain will soon bind this sector’s supply chains together, from supplying astronauts with the equipment they need for training on Earth to watching spaceships carry cargo to the International Space Station or embarking on deep-space exploration missions. It is the start of the next chapter of the Space Age.Reference: space.com/ref2Altering The Apparel Industry: How The Blockchain Is Changing FashionBlockchain technology can help the industry track apparel through the supply chain, which in itself is a major upgrade in the way many companies do business. Yet the future of apparel is more about a change in the business model and culture of the industry — from a supply chain that prizes consumption to a demand chain that takes pride in sustainability.Companies like Loomia are working on solutions to collect consumer data directly from the textiles themselves and register that data on the blockchain. Even Nike do not position themselves as an apparel company anymore, but a tech company that makes clothes & shoes equipped with sensors for heart rate, miles run, and calories burned tracking.Reference: forbes.com/ref3Blockchain Military Applications — the Future Tech of the Armed ForcesLockheed Martin is the defence supplier who manufactures the Aegis Combat System. In 2017, the company partnered with Guardtime Federal, which formed in 2014 to “exclusively support the cybersecurity and related requirements of the Department of Defense, the U.S. Intelligence Community, other U.S. government departments and the industrial community that supports these U.S. government organizations.”Click for source of photoThe partnership has enabled Lockheed Martin to incorporate blockchain into their supply chain risk management, software development, and systems engineering processes. The company is the first US defence contractor to implement distributed ledger technology. It seems that with this rapid pace of development and adoption, “blockchain battleships” could soon be one of the blockchain military applications in wider use.Reference: coincentral.com/ref7How Blockchain and IoT is Revolutionising Supply Chain ManagementToday, supply chains are global and often involve many complex issues. Most companies lack trust-based information and blockchain and IoT can bridge the gap with portable solutions as they are in evolution and need to mature to support these kinds of challenges.Selvam VMS, a supply chain expert and the CEO of an IoT based supply chain startup, says ‘Regardless of the geographical spread, catering to the consumer demand without delay is a critical measure of supply chain success, for this, transparency in the supply chain channels and traceability of inventories becomes a main ingredient for effective and efficient supply chain management’.Reference: iamwire.com/ref8Industrial Giant GE Eyes Blockchain in Fight Against 3D-Printing FakesIndustrial conglomerate General Electric (GE) wants to use a blockchain to verify 3D-printed parts in its supply chain, according to a recently-published patent filing. The technology would enable the company to create a blockchain-based manufacturing history that can help with tracking and authenticating 3D-printed objects.Click for source of photoReference: coindesk.com/ref9Want to know more about Sweetbridge?Sweetbridge is an open-source project unlocking the value trapped in assets, payment delays, and corporate talent. Our Blockchain-based ‘tools for commerce’ help companies, countries and individuals to find a better way to trade and innovate.To join the movement go to https://sweetbridge.com/crowdsale and click “Register Now”.Want to be the first to use Sweetbridge?Join our alpha program to get access to a test version of the Sweetbridge Wallet and help us make it even better. Sign up at https://bit.ly/sweetbridgealphaTo learn more about the products and Sweetbridge you can sign up through the member dashboard at www.sweetbridge.com.Join our discussion in Sweetbridge telegram channel.Twitter | LinkedIn | Facebook | Telegram | Reddit | InstagramSupply Chain/ Blockchain Friday Wrap — Week ending 29 June 2018 was originally published in Sweetbridge on Medium, where people are continuing the conversation by highlighting and responding to this story.
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