From Supply Chain to Supply Blockchain, Continued

There is no doubt that blockchain is here to stay. In this latest episode of Rethinking Supply Chain, host John Abrams, CEO of Venzee, and Diana Chen continue the conversation about blockchain in supply chain. The discussion began back in Episode 23 featuring guest Sean Copeland, founder of Boex.In this episode, Diana notes that there are some out there who believe blockchain is overrated and won’t live up to the hype when it comes to deploying this technology in supply chain.John disagrees with this notion for several reasons. First, as of today, blockchain has a very narrow use case in supply chain. Blockchain has an abundance of potential, but we’re still very early in the process of developing tools to leverage it effectively.Why is it important to not underestimate the power of blockchain? Many technologies that have foundational elements to them are difficult to imagine at scale. John remembers how back in 1990, HTML was in its early stages of testing and development. At that time, it was difficult for many to see how this type of technology could be applicable in a range of circumstances.Given that we still have websites today, clearly the hype was not misplaced. The same can potentially be expected of blockchain. It’s still new, and still difficult to imagine how it could potentially impact all types of companies, jobs, and processes.Listen to this new episode to hear more about how groundbreaking technologies can transform over the years into something we all know and use every day, and for John’s predictions for how blockchain might begin to take hold in supply chain strategy.Don’t forget to subscribe to the show on iTunes, Spotify, or wherever you get your podcasts. See you in the next episode.