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WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018. Before we get into blockchain’s potential entry points into the supply chain ecosystem, let’s take a look at the two current trends in SCM *(Supply Chain Management): Dynamism SCM has evolved to become a huge, global ecosystem.
Instead of searching for and reading multiple help documents, the planner can simply ask for help in natural language and receive an answer that is a single, synthesized explanation of those sources in Portuguese (even if the documentation is in English).
DHL in cooperation with Global Technology Consultant, Accenture have released a trend report on the potential to transform the logistics sector using blockchain technology. Using a common, indelible and secure ledger, the industry can achieve much higher safety standards – from the factory to the patient – at much lower cost.
According to the press release: In the pilot program, Elemica and crossinx, a network for financial business collaboration solution, exist as nodes on a public blockchain, connecting structured data with unstructured data, such as documents, to enable multi-tier payment.
Factors like global trade and a customization trend in manufacturing have altered the “straight shot” supply chain forever. What would happen if something catastrophic happened to that node? Times Have Changed For Supply Chains. Is there a point where multiple supply channels pass through a single location in your chain?
Now the data is grouped in documents or in key-value pairs that contain all the information related to the topic, with more complex properties being represented by an incrusted document or by their own group of key-value pairs, which also simplifies the development of the queries.
Every time a product changes hands, the transaction could be documented, creating a permanent history of a product, from manufacture to sale. – as they move between supply chain nodes. Tracking purchase orders, change orders, receipts, shipment notifications, or other trade-related documents. Benefits in a Nutshell.
To do this effectively, we have been carefully analyzing current data and market trends and sharing this info with Biz Dev and Product to ensure smooth operations across the board. These primitives will enable us to begin documenting and tracking supply chain interactions before a purchase has even occurred.
DHL has released a trend report in cooperation with Accenture, a leading global technology consultant, on blockchain technology’s potential to transform the logistics industry. DHL and Accenture created a blockchain-based serialization prototype with nodes in six geographies to track pharmaceuticals across the supply chain.
– Paperless Trade will digitize and automate paperwork filings by enabling end-users to securely submit, validate and approve documents across organizational boundaries, ultimately helping to reduce the time and cost for clearance and cargo movement. Cloud computing trends toward a single database that multiple nodes can access.
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