We all know the blockchain space is well-hyped, and many companies use that hype to their advantage.
Our mission at Disruptor Daily is to drive the adoption of blockchain technology, and to do that, we’re highlighting those companies that are truly leveraging the blockchain for all its potential.
To help recognize the companies out there developing practical use cases for the supply chain industry, we are excited to announce our first annual Blockchain In Supply Chain Management Use Case Award!
Here’s how the awards will work:
Our readers have nominated the companies below and until October 11th, you will now have the chance to vote for your favorite use case!
This is your opportunity to vote for the companies you feel have the most practical blockchain use case for the identity management industry.
In order to be an eligible voter, please follow the steps below:
Step 1: Carefully review the use cases below and vote for the one you feel could have the biggest impact.
Step 2: Cast your vote.
Step 3: Share this page and encourage others to vote!
*To maintain the integrity of the awards series, ALL votes must be linked to a LinkedIn page. We will manually review each vote and ensure there is a legitimate LinkedIn profile associated with the name. All votes that do not pass this test will be discarded*
A bill of Lading is ocean cargo shipping’s most important document – but it’s also the oldest. It hasn’t changed for hundreds of years!
Whoever owns this document holds the rights to all the cargo stored in a container on a ship. Exporters must send the document to importers independently – through courier services. There can be one document for each container or multiple documents – one per shipment. If the Bill of Lading is lost, damaged, or stolen, the shipper will not provide the importer with the goods, and the document must be publicly canceled, reissued, and resent as a statement of ownership. The whole process of sending paper documents across the continent is slow and expensive – it costs the global trade approximately 5 billion dollars every year.
The CargoX Smart B/L™ uses open, public blockchain technology for quick, secure, cost-efficient document transactions and statements of document ownership. Shipping line operators, shippers, digital platforms, freight forwarders, exporters, and importers can use it to painlessly digitalize their document creation, transfer, ownership statement, and archival functions, and at the same time accelerate, secure, and optimize their global document processing and sending workflows. And all this at an extremely low cost – through CargoX’s fully functional Smart B/L™ web application, or by integrating Smart B/Ls™ into their existing IT environment through the API. The ready-made, public, encrypted storage and transaction infrastructure help companies slash costs and security/reliability risks while providing transactional transparency (and at the same time safeguarding important business information).
Ocean shipping, air freight, road transportation companies, and industries such as banking (Letters of Credit), pharmacy (sending of highly important documents with highest reliability), automotive, and others can benefit greatly from the underlying Blockchain Document Transaction System technology that CargoX developed.
The solution has been live since November 2018, and CargoX is just a single step away from global P&I clubs approval of the CargoX Smart B/L™ solution for liabilities coverage.
CargoX has won a whole range of awards and accolades – such as being a finalist at the prestigious future-forging SXSW Pitch 2019 (among 800 startups), winners of the IRU World Congress Startup Competition, shortlisted at the Financial Times / RSG 2018 Intelligent Business Awards, and being awarded the #DataccioConnect Blockchain innovators Award).
In 2013, the US Congress passed the Drug Supply Chain Security Act (DSCSA) with the goal of tracking drugs along the supply chain, eliminating counterfeit medicines and improving patient safety. The next phase of the DSCSA law goes into effect this November and wholesale distributers will need to verify the product identifiers for each pharmaceutical they wish to resell with the manufacturer of that pharmaceutical. This requires unprecedented interoperability in the pharmaceutical industry, essentially requiring trading partners and competitors to be able to communicate with each other in the same network.
Chronicled has created the MediLedger Network to allow trading partners and competitors to exchange confidential information in the same network. Our first solution on this network, the Product Verification Solution, allows wholesale distributors are able to request verification of a pharmaceutical from the manufacturer who produced it in a completely confidential way. The solution is ready and will go live in November, with industry participants such as Cardinal Health, SAP, Systech, and Optel running nodes to enable this industry interoperability.
The MediLedger Network is a permissioned, peer-to-peer and blockchain network with no central authority. It is built on open standards and specifications with nodes run by the Pharma industry itself and overseen by the industry. Blockchain technology is used only when necessary and enforces business rules, reducing errors and rework. Private data is stored behind company firewalls and is not stored on the blockchain. We have created an industry wide network that allows confidential exchange of information, enabling product verification and many other use cases to come.
Today, communication between logistics partners is incredibly tedious. For the dozens of partners involved in a logistics chain, hundreds of e-mails, phone calls, Excel exports and paper documents are exchanged. With direct administrative costs accounting for an estimated 15% of maritime container shipping costs, this industry is a sitting duck waiting to be disrupted.
Dockflow is the most accessible platform that gives partners in logistics operations immediate access to relevant information. Through affordable pricing, ditching the cumbersome implementation process and an obsession with being user-centric, Dockflow places blockchain technology into the hands of a large network of small to mid-sized companies. The platform combines multiple data sources (vessel position, container GPS location, temperature, carrier updates, …) and uses intelligent algorithms to create a bigger picture across the supply chain. Specific data is captured on blockchain to provide a reliable log.
By using blockchain, we have the easiest and moist robust architecture for plugging in new integrations and data sources. Our current implementation is running on Hyperledger with open source chaincode additions. Because of the many drawbacks of private chains however, we are currently migrating towards a public chain. This will provide increased security, scalability and more opportunities.
Dockflow is specifically suited for perishables shipping. Besides improving operational efficiency, distributors are feeling a growing consumer-driven expectation for better visibility and traceability across the food supply chain. With features such as custom alerts, in-platform messaging, maps, dashboards and detailed shipment views, Dockflow caters to this demand.
FactR helps organizations find better ways to transact payables and receiveables. By leveraging Hyperledger Fabric and Stellar, we created the FactR platform to help provide trust, transparency and instant cross-border settlement where typically, a lot of manual efforts and multiple systems dont allow for intelligence, trust or transparency (as well as not being able to have acess to finance).
FactR is built ontop of the Stellar blockchain. Stellar is a fast, affordable and secure blockchain. The FactR system is designed to be generic, storing only semi anonymous fincancial data. Because of this design, third party applications can utilized FactR for their own use case. FactR also has direct ties with RoadLaunch. RoadLaunch bridges traditional software with Hyperledger blockchain smart contracts and FactR to handle commercial invoice factoring. FactR also has its own use interface that allows companies of many industries to connect with Finance partners and start financing their trade. Finance partners can participate by generic fiat-backed digital assets that are exchanged via the Stellar network.
At Modum, we build digital supply chain monitoring solutions to efficiently control the distribution of large volumes of sensitive goods, e.g. medicinal or food products or medical supplies. We help our customers to measure relevant events in their supply chains based on IoT technology (e.g. temperature excursions) with a solution we call MODsense, we automate our customer’s business processes across different IT systems in their supply chain ecosystem. In order to securely manage and share measured supply chain events, we leverage blockchain technology. We optimize their business operations by leveraging the collected data and by closing the loop in actually applying the insights gained from the data back to the physical world. To this end, we apply the latest technologies in the fields of AI and machine learning. The first MODsense product we developed in collaboration with Swiss Post is a pharma-certified monitoring system consisting of an IoT data-logger (MODsense) that allows easy integration into existing logistic processes and tools. It enables our customers to collect temperature data from within a package whilst in transit while also leveraging track and trace systems of forwarders (i.e. already established barcode scans) to reliably read out the data and provide immediate access to all stakeholders via a cloud infrastructure right at the time of the hand-over of the physical good.
We can leverage different blockchains (public and permission networks) to provide data authenticity and integrity, two important attributes when it comes to quality assurance. We achieve this by storing all quality criteria relating to a shipment – this is defined by a quality assurance manager prior to dispatch, for example — in a smart contract — think of a virtual trustee. During transport, our data-logger measures and records data. At readout, the smart contracts only accept the data of the same logger that has been pre-assigned with a specific shipment. If the right data is provided, it is automatically validated against the pre-defined quality requirements. Depending on the outcome, a supply chain event can be shared via the blockchain network to trigger trusted actions. Ultimately, this allows distributors to fulfill GDP (Good Distribution Practice) requirements for pharma-related products in an easy and safe way.
Morpheus.Network is the Supply Chain SaaS middleware platform seamlessly integrating legacy and emerging technologies. We provide supply chain managers with a Digital Footprint, providing shipment and item visibility for automating safe and secure supply chains saving time and money.
Our platform integrates with 100+ products and services from companies including DHL, FedEx, UPS, Twilio, Swift, Microsoft Dynamics, Geotab, Stripe, Salesforce and many more. By providing a middleware solution, Morpheus.Network can combine multiple separated systems by utilizing data inputs and trigger outputs based on pre-defined events. Data is handed over in a trustless architecture based on distributed ledger technologies. With its blockchain-agnostic architecture, it can ensure that confidential information remains in permissioned networks, while other datasets can be openly shared between multiple parties. With a fully digitized data-driven workflow, the required basis for leveraging other technologies like AI, ML or data analytics is established.
Morpheus.Network has customers and various pilots running around the world including US, Argentina, Mexico, Africa and China.
Modern supply chains generate millions of data points and thousands of daily transactions that need to be validated and confirmed. This limits the pace of business and exposes organizations to risk. Oracle Blockchain Applications are a suite of use-case-specific SaaS applications that enable customers to track products on a distributed ledger to increase trust in business transactions, improve visibility across a multi-tier supply chain, accelerate product delivery and contract execution, and increase customer satisfaction.
Oracle Blockchain Applications are built with Oracle Blockchain Platform and seamlessly connect with Oracle Cloud Applications for supply chain management (SCM) and enterprise resource planning (ERP).
Oracle’s business-ready blockchain applications reduce barriers to adoption of blockchain and provide immediate business benefits to customers by improving trust and transparency in their business network and transforming their supply chains. Oracle Blockchain Applications include applications for Intelligent Track & Trace, Lot Lineage and Provenance, Intelligent Cold Chain and Warranty and Usage Tracking.
How can you trust that the food on your plate is safe? That the high-tech product you buy is not counterfeit and was produced in fair labour conditions? Modern business is powered by complex supply networks that often make data impossible to track. Consumers demand more transparency over how their products are sourced, made and transported. Blockchain promises trusted data, but it’s costly to use for low-value products we use every day. With the right incentives, much more value could be extracted from the data already generated in supply chains.
OriginTrail protocol is specifically designed for trusted data exchange in supply chains. Only fingerprints of data are stored on Ethereum or Hyperledger, which makes use of blockchain lightweight, yet efficient. OriginTrail Decentralised Network takes care of the rest: matching the data between companies and putting it to use through powerful business and consumer applications. By connecting the dots in supply chains provenance for locally-bred meat or authenticating halal certifications become just two of the possible use cases we already tackled. Partners in the OriginTrail ecosystem include Oracle, BSI, and EVRYTHNG.
Provenance is a platform that empowers vendors, retailers, and shoppers to know more about a product — namely, where it came from and where it’s been. The idea is to ‘bring the supply chain to the shopper’ so that they may make a more informed purchase.
The Sweetbridge suite of products collectively ensures the organization of assets in the value chain. It standardizes and makes auditable information that is critical to organizational compliance.
Let's face it- shipping is complicated. You wouldn't believe the number of hands that touch a product before it gets from point A to point B. And sometimes, one of those hands misplaces, damages, or steals something. Or temperatures aren't maintained properly. Or documents are mishandled. Or you have no idea where your stuff actually is. The list of potential supply chain woes goes on and on.
And when there is no visibility in a supply chain, there is little information about where and when something went wrong, and it becomes difficult to place accountability. And then everyone suffers, especially in high-value freight shipments where losses are amplified.
But it doesn't have to be this way, because ShipChain created the solution. ShipChain's Track and Trace Platform shows you exactly where your goods are at any point in transit and sends notifications to alert you of geographic changes or any issues. It is extremely secure because it utilizes Ethereum blockchain technology to document and verify each step in the supply chain. It also provides a place to view all data and information in a raw and untarnished format, which can never be tampered with or changed.
While there have been several private blockchain solutions popping up over the years, they are not truly decentralized in nature. In order to fully reap the benefits that blockchain can offer, including secure data, increased visibility to all parties, and less fragmentation, the industry must look to public blockchain solutions, like ShipChain's Track and Trace Platform. ShipChain's solution provides a means of trust to an otherwise trustless ecosystem. This is ShipChain, the future of shipping.
TEMCO offers a blockchain-powered data management system for supply chain managers. It links vendors into the network via the Vendor Verification System (VVS) and allows supply chain overseers to trace product back to its origin, among other valuable features.