DLT is expected to become a vital part of the infrastructure that will help digitize and improve efficiency in global supply chains. But what is Distributed Ledger Technology? What is the current level of DLT adoption by industry, and what real business value can it bring?
The insightful report, Distributed Ledger Technology in the Supply Chain by UCL Centre for Blockchain Technologies, answers these questions, focusing on the functional usage of DLT in product tracing, logistics, financial transactions, retail operations and circular economy. It looks at distributed ledger technology vs blockchain and examines how use cases work in practice, outlining the implementational challenges as well as the potential added value.
Blockchain allows you to monitor the events and metadata connected to a product. It provides a full audit trail and a perpetual supply chain record-keeping capability.
Transactions are timestamped and tamper-proof, creating a single source of dependable data and evidence of regulation compliance.
Smart contracts enable real-time data tracking across the entire supply chain. You can run scenarios and adapt quickly to changing situations without significantly hiking costs.
Blockchain cuts out the middlemen by promoting trustworthy peer-to-peer transactions based on digital signatures.
Previously, Mr. Welfare led the development of blockchain go-to-market use cases in retail and supply chains (track & trace, provenance, customer loyalty, procurement and identity management) at Oracle. Mr. Welfare is a recognized authority on blockchain. He works across all sectors, employing the full range of leading-edge blockchain solutions, including: Hyperledger Fabric, Indy, Corda and Ethereum. Together with UCL CBT, he set up the Retail Blockchain Consortium to encourage blockchain adoption throughout the industry. Mr. Welfare advises the UK Government on blockchain issues and is a guest lecturer for UCL's blockchain program, a member of Forbes Technology Council, a much-sought-after keynote speaker and author of The Retail Handbook and Commercializing Blockchain: Strategic Applications in the Real World.
Mr. Vadgama’s global commercial experience spans several sectors including Education, Real Estate and FinTech. A founding member of the Retail Blockchain Consortium, he is dedicated to advancing the commercialization of AI and blockchain academic research in the UK and China, while at the same time advising fledgling blockchain and AI companies. Mr. Vadgama has an MBA (INSEAD), an MPhys (Oxford University) and level three of the grueling Chartered Financial Analyst (CFA) program.
Healthcare is undergoing a major shift - from unified medication, to unique medicines created for individual patients. But how do we protect personal data, contracts, medicines, lab samples, and medic...
Watch how Luxoft's Cordentity can revolutionize your healthcare supply chain, adding smart contracts capabilities and cryptographic distributed ledger technology to provide patients, insurers, hospitals and medicine producers with immutability, traceability and transparency.
