Supply Chain Management

Supply Chain Management and Blockchain

Emerging technologies are providing promising opportunities for breakthroughs across the supply chain. Blockchain in the supply chain can improve transparency and traceability and build costs efficiencies.

A blockchain supply chain helps participants record data on date, location, quality, certification, and other relevant information to manage the supply chain effectively.

Blockchain is replacing slow, manual processes. Although supply chains can handle large, complex data sets, many of their operations, especially those in the lower supply tiers, are slow and rely entirely on paper. 

Strengthening traceability Increasing regulatory and consumer demand for provenance information is already driving change. Simplifying a complex supply base offers further value-creation opportunities.

Quicker dispute resolutions through Blockchain, Smart contact ensure faster dispute resolutions and facilitate a quicker and transparent product recall process in case of product quality issues or product failures.

Easier recalls in case of product failure mitigate the high costs of quality problems, such as recalls, reputational damage, or the loss of revenue from black- or grey-market products. 

TRST01 Use Case Supply Chain Public Distribution and Blockchain

PDS is one of the most significant welfare programmes of the central administration, helping farmers sell their produce at remunerative prices and the lower sections of society to buy food grains at affordable rates. India’s Public Distribution System (PDS) is one of the most extensive food distribution programs globally, as It distributes over 19 million tons of rice and wheat to around 27 million citizens of the nation. India’s population had increased from 1,210 million in 2011 to an estimated 1,371 million in 2020. As per estimation, 67% of 1,371 million, or 921 millionpeople, should be covered by the PDS. But the number covered continues to be 813 million, implying that at least 108 million

TRST01 Use Cases Supply Chain

January 7, 2022Blockchain, Emerging Tech, Supply Chain, Traceability

Case Study GreenTatwa and Blockchain Traceability

Greentatwa Agri-Tech, an Agri based start-up, aims to invest in education and technology for farmers across the country to ensure high-quality, sustainable, and profitable business structures.

January 6, 2022Blockchain, Emerging Tech, Supply Chain, Traceability

Carbon Offsets Value Creation on Blockchain

The voluntary carbon offset market is expected to grow to $100 billion by 2030, up from $300 million in 2018 as firms commit to net-zero targets, but without the internal ability (or will) to reduce emissions directly within their supply chain race to purchase offsets.

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Benefits of Supply Chain Management and Blockchain Technology

Auditability

Auditability

Blockchain provides a full audit trial of data, creating and everlasting means of record keeping along a supply chain

Immutability

Immutability

All blockchain transactions are timestamped and tamper-proof, providing a single source of data integrity.

Smart Contracts

Smart Contracts

Smart contract enables faster dispute resolution.

Distributed Data

Distributed Data

Smooth information sharing across participating stakeholders through blockchains.

Technology

TRST01 rebuild the supply chains by providing partners and consumers with trusted data with complete value chain traceability functionality. Technology interactions and interfaces help connect producers and consumers with various actors in the value chain, subsequently building transparency and trust in the ecosystem.

Supply Chain Management Use-Cases

Food Industry

Trust, traceability, and transparency of the supply chain are vital to ensure food safety standards.

Industry 4.0

The use of Blockchain among various industrial sectors is prominent since the raw material is received and transformed into the final product suitable for use or consumption.

Public Distribution

The application of Blockchain in the Public Distribution System improves efficiencies, Stop misappropriation.

Corporate Social Responsibility

Blockchain ensures complete traceability, and transparency prevails in process

Characters

Trust, Traceability, and Transparency are increasingly becoming important as consumers become more aware and vigil on their consumption/usage pattern. Over the last couple of years, the SCM has necessitated new information dynamics

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Sailaja

Sailaja is a successful entrepreneur who believes in her passion and dedication. She has a master in business management from Herriot Watt University. She worked as a CEO for a Pharma chain in Hyderabad, and years later, she pursued her dream for pastry and got a degree in pastry from Le Cordon Bleu College, London. She started and established her patisserie in Hyderabad, getting the tastes from Global travel, infused her finesse to products taking her brand a notch higher.

Sheetal Srikanth

Sheetal is a Go-To-Market Management professional backed by over 15+ years of professional experience in building and maintaining relationships with company’s client; identify customer needs and exceed client expectations by prioritizing and meeting critical deadlines. Focus on achieving Customer Success, in various roles starting with Customer Acquisition, Account Management, Client Partner and Partner Management. Experience in working with fortune 100 companies, on Multicultural teams globally deployed globally. Sheetal has been supporting customers directly across NA, Canada, APAC regions and has experience working in Consumer Products, Services, Hi-Tech, Public Sector, and Manufacturing. She Has enriching experience working within the start-up ecosystem to deriving required results, ensuring seamless communication with Customers, Partners and Internal stakeholders. Sheetal is an Alumni of Macquarie Graduate School of Management- MGSM, Sydney with a Post Graduate Degree in computer Applications.

Krishna Vallapu

Krishna Vallapu is a technology evangelist and Entrepreneur, graduated from Nagarujuna University and trained in IIM, Ahmedabad. Proven track record in building futuristic products, surpassing goals, and expectations for quality. Superior expertise with developer supervision and client relations. Out of box thinker who thrives in collaborative environments, working across business and technical teams.

Inder Davalur

Inder has an MBA in Finance in India. Utilizing his Finance background he rose through the ranks in the banking sector in the US and then after receiving his MS in Healthcare Services Administration he started his career in healthcare at the Tufts Medical Center, Boston. 

Inder’s growing understanding of the expanding role of technology in healthcare caught the attention of the bureacracy and was invited to work on the Patient Privacy and Electronic Records Committee for the State of Massachusetts and later on at the State of Georgia Department of Health and Human Services. These were in the years immediately preceding the development and roll-out of Health Insurance Portability and Accountability Act (HIPAA).

Sensing a rise in ERP movement, Inder joined a software company and worked on managing ERP solutions projects in the manufacturing sector where his clients included the Coca Cola Company, Sara Lee, International Paper, Siemens (Canada) etc .

In 2008 he came to India with the aim of realizing his cherished dream of working in India. He served as the CEO of a EMR software company, and later on led the Digital Transformation at several hospital groups as a group CIO and Vice President. Inder has to his credit, several published articles in national and international healthcare technology management and as an invited speaker at various private and government conferences. He has also been cited in several articles and studies including one at the National Library of Medicine in the USA. 

In his spare time Inder indulges in travel and reading.

Puru Modani

A versatile and passionate leader with 20+ years of expertise in IT Business & Product Strategy, Market Access & Distribution models and Talent Acquisition. Seasoned Investor.  Founded multiple successful businesses & Angel Networks.

An IIM – K alumnus, before embarking on his successful multi sector entrepreneurship journey, Puru served various Fortune 500 companies in Senior Leadership roles. His last corporate stint was with Bank of America.

Suraj Teja P.

Suraj is an entrepreneur, with more than 2 decades of experience in creating various successful enterprises, a seasoned investor funded multiple startups, specialize in creating healthcare delivery infrastructure, board member and strategic advisor, skilled in Healthcare, Telecom, IT Strategy and Market outreach.

Naveen Kadiyala

A Technology Leader and Entrepreneur with a proven track record of building and managing innovative solutions in digital content delivery. Demonstrated history of delivering strategic solutions in Cable, Media & Entertainment industries. Expertise in building interactive ad solutions, advertising platforms, Live Streaming(QAM, OTT, PPV), subscription-based Video (SVOD, AVOD, TVOD) services, Cloud DVR, and Broadband/WiFi services at scale across a multitude of infrastructure options(On-Prem, Hybrid Cloud, Cloud Native, Cloud Agnostic). A strong business development professional and an entrepreneur at heart with a Master of Technology focused in Computer Science from Birla Institute of Technology.

Prabir Mishra

An Investment Banker, Startup coach, Mentor, Strategic planner. Sector expertise  Social, Agritech, Edutech, Healthcare, eGov Strategic Planner, M&A, Transaction Structuring, negotiations and valuation, An IIM-A Alumni with more than two decades of experience.