TOPIC – Blockchain for SAP Supply Chain:
“Advice from Stephan Nilsson, CEO of Unisot.”
How to Reduce Your SAP Supply Chain Costs 10 to 100 Times with Blockchain
Stephan Nilsson, CEO of Unisot said, “Our company is in discussions with the largest fish farm in the world to implement a quality tracking system running on blockchain.”
Nilsson’s firm offers a global permissionless business network and marketplace platform based on blockchain. For companies that run on SAP, Nilsson gives you three steps to reduce your supply chain costs by 10-100 times. Read article.
How Blockchain Can Address Issues Hampering the Supply Chain
Issues with traditional supply chains
How blockchain could address these problems
|Lack of responsiveness||Near real-time|
|Lack of traceability||Audit trail for all transactions|
|Largely manual processing||Digitalized means quicker|
|Reconciliation burden||Single shared source of truth|
|Regulatory compliance||Tamper-proof data is easily verifiable|
|Risks involved with multiple stakeholders||Immutable - secure against undesired changes|
Do Fish Farms Need a Blockchain Solution?
Salmon farming may be creating risks for both the environment and human health. Is it a problem that blockchain can solve?
“I’ve developed a new open source P2P e-cash system called Bitcoin. It’s completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust.”
– Satoshi Nakamoto
WHAT’S NEXT: More Blockchain Use Cases
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To Your Success
Sincerely, Derek Little