This interview is part of our new Blockchain In Supply Chain Management series, where we interview the world's leading thought leaders on the front lines of the intersections between blockchain and supply chain management.
In this interview we speak with Jackie Zhang, Founder of Armada Chain, to understand how his company is using blockchain to transform the supply chain management business, and what the future of the industry holds.
1. What’s the story behind Armada Chain? Why and how did you begin?
JZ: Kent and I were keen to develop a blockchain solution for supply chain. At first we built Armada, a trace and trace blockchain solution on EOS, but we realized that it was one of many in a saturated field, and suffered the same problem many faced with adoption. Recalling our supply chain clients from our consulting firm ZS Blockchain, we realized that the underlying issue was poor communication and collaboration. With the multitude of supply chain systems and processes in use, there was no easy way for companies to collaborate and share data without sacrificing their workflow. To tackle this problem, Armada was honed to provide a collaboration hub for supply chain companies to securely share authenticated data. Built on Hedera Hashgraph, Armada can now set sail to accomplish its goal in global supply chain collaboration.
2. Please describe your use case and how Armada Chain uses blockchain:
JZ: The Armada platform is a collaboration hub that allows secure sharing of authenticated supply chain data. The platform is agnostic to any supply chain system, whether modern, legacy, or emails, offering a suite of integrations and APIs which allow assimilation into any workflow. Armada provides transparency in partnerships, allowing automation across the supply chain while maintaining data privacy, security, and auditable records. It empowers the supply chain professional with real time data from partners across the supply chain, allowing him to make decisions quickly with confidence. By providing an authenticated data layer, Armada allows applications to be built on top In the fields of trade finance, communication and data analytics.
3. Could you share a specific customer/user that benefits from what you offer? What has your service done for them?
JZ: Currently Armada Chain is working on a trade finance POC in Hong Kong. The trade finance firm can monitor the transactions made by their clients on boarded on the Armada platform. The platform provides real time data which can support their credit profile models, but also provide an auditable list of transactions from their clients, which can allow them to execute settlements faster and with greater confidence.
4. What other blockchain use cases in supply chain management are you excited about?
JZ: Supply chain has a plethora of opportunities being a good fit for blockchain and DLT, but excited to see progress in digitalization of Bill of Lading and other documents. Historically these documents have been pen and paper, but adoption of these new digital documents will pave the way for future DLT technology adoption in the supply chain industry.
5. Where will Armada Chain be in 5 years?
JZ: In five years, we see Armada as the underlying nexus for supply chain to connect with each other, and ultimately accomplishing seamless global supply chain collaboration.