Transforming ecosystems through visibility wider

By improving visibility, a Blockchain has the necessary potential to transform ecosystems from top to bottom. Supply chains are prime examples where the potential of a Blockchain can be applied to the transformation of business sectors whole. Initial actions to set up a Blockchain can have a quick impact, even by transforming only a small part of a supply chain, for example the information used for import activities. If the import terminals received the bill of lading data (maritime transport contract) earlier in the process, they could prepare and carry out their operations more efficiently and without privacy issues. The Blockchain technology could thus make it visible, by almost real time, the necessary data (for example the departure time and the weight of the containers), but without sharing information about owners or the value of the cargo. Consequence: costs related to delays and losses resulting from missing paper documents could be avoided.

On a larger scale, a Blockchain would make it possible to set up a robust and secure platform for joint logistics operations, in coordinating a wide range of activities (sharing of reserve spaces in warehouse, optimization of truck fleets and shipping containers). Distributors and manufacturers could thus considerably improve demand forecasting and inventory renewal. For their part, financial institutions, thanks to the detailed history reliability of a supplier, could increase their commitments credit, so crucial to supporting business growth. The regulatory bodies could also go back to the origins of goods from raw materials, thus allowing more easily identify counterfeit items, but also suppliers adulterated materials. Chapter 4 provides some examples of more specific use cases for Blockchain technology.