From Supply Chain to Supply Blockchain

In this latest episode of Rethinking Supply Chain, host John Abrams, CEO of Venzee, and Diana Chen look forward by looking back. They revisit podcast Episode 23 (featuring guest Sean Copeland, founder of Boex) and discuss how blockchain technologies can benefit the supply chain.John takes a few minutes to review the nature of online transactions historically - for many years, nearly everything could be audited and traced. Every device on the internet has an identifier. You can even track web traffic in your own home with the right software.In terms of supply chain, John discusses how virtually all of global trade today is based on the possession of physical things. Companies are responsible for items they possess, such as when those items are on company-owned trucks or stored in a company’s warehouse.Blockchain technology has the potential to change the way supply chain and logistics practitioners use this type of data by providing visibility to the movement of a product beyond physical barriers.Listen now to learn more about how blockchain can be a disruptive force in supply chain, and why it’s so different from the physical supply chain as we know it today.Don’t forget to subscribe to the show on iTunes, Spotify, or wherever you get your podcasts. See you in the next episode.