Running Blockchain Pilots for your Supply Chain

How to Get Started with a Blockchain Pilot

In 2018, Blockchain was one of the most trending technologies alongside artificial intelligence.

Blockchain has managed to excite all the stakeholders in the supply chain industry.

Blockchain is touted to make end-to-end visibility a reality, change B2B communications for good and automate complicated processes using smart contracts.

Stakeholders understand the benefits of blockchain, but the biggest question is, how do you get started with it?

The material in this paper aims to guide you towards your first blockchain pilot.

We answer important questions such as how exactly is blockchain different from traditional databases and what can blockchain do for us that traditional databases cannot?

We take a close look at its features to discuss how they make blockchain a very effective technology when it comes to breaking down information silos, leading to transparency.

Blockchain can also act as the ultimate source of truth when there are multiple organizations participating in transactions.

With its unique features and strengths, blockchain can solve the following problems effectively for the supply chain industry;

• Maintaining one version of the truth across the entire supply chain
• Empowering organizations to trace and track assets instantly as opposed to days or weeks
• Making end-to-end supply chain visibility possible

Running a blockchain pilot will give you perspective on how blockchain will fit in with your use cases, scale, existing technologies, and your team. A newer set of ideas emerge, metrics on efficiency gains can be derived, giving you objectivity.

Pilots let you shed obsolete technology and march forward with better-emerging technologies iteratively.