Blockchain and Supply Chain: Securing Trade Data

In this episode of Rethinking Supply Chain, Diana chats with Venzee CEO, John Abrams, and Boex Founder, Sean Copeland, about the inner workings of the internet and how it has affected supply chain and trade data over the past few decades.Since the 1980s and 1990s, the possibilities of using the internet to manage supply chains and maintain security have increased exponentially, but companies and regulatory bodies are slow to take advantage of these opportunities. As two advocates for innovative supply chain technology, John and Sean begin their conversation by discussing some of the history of how Sean got into the industry by chance, and since then has become an active participant in internet governance. A member of the Internet Corporation of Assigned Names and Numbers, Sean helps to oversee how the internet operates behind the scenes. His company uses blockchain technology to encrypt trade contracts and information for compliance purposes.They get into why more companies and organizations aren’t embracing connecting via the internet and how security fears are really holding the entire system back. However, the COVID-19 pandemic has disrupted everything, and companies are scrambling to use the internet to speed supply chain connections.Boex provides a solution by encrypting what were traditionally paper documents using blockchain technology, thereby facilitating sharing sensitive information online. They enable companies to create levels of trust that businesses can gain with their trade partners -- something that we need today more than ever.To learn more about Boex, go to https://boex.biz/ or reach out to Sean directly at [email protected].