Blockchain Meets Supply Chain: How Blockchain Can Be the Next Big Idea to Enhance Visibility and Trust
Presented by EuroCham Singapore
Partnered with SGInnovate
Understanding Blockchain Opportunities and Challenges in Singapore's Business Environment
Blockchain technology has been gaining increased popularity in the past few years. Companies are seeking novel ways of applying the technology. But despite public intrigue and excitement around the technology, questions still surround what it is, what it does, how it can be used, and its trade-offs.
How is this technology applicable in the supply chain? In the modern economy, supply chains are complicated as the world is globalised and there is a massive international trade framework both between and within countries.
Depending on the product, the supply chain can span over hundreds of stages, multiple geographical (international) locations, a multitude of invoices and payments, have several individuals and entities involved, and extend over months of time. Due to the complexity and lack of transparency of the current supply chains, there is interest in how blockchains might transform the supply chain and logistics industry.
During this breakfast event, we will explore how the unique attributes of blockchain could help and look at a few examples of blockchain already impacting supply chains.
Singapore offers a fertile environment to capture opportunities resulting from emerging digital technologies under the framework of Industry Transformation Map, the sponsorship and guidance of government organisation.
For example, the Infocomm Media Development Authority (IMDA) has recently stated that it “believes there is room to accelerate growth in blockchain, or other distributed ledger technologies, to help enable a Digital Economy for a Smart Nation and through the Blockchain Challenge, IMDA is enabling companies to develop pioneering solutions using blockchain beyond financial applications”.
Date: 27 February 2019, Wednesday
Time: 9:00am – 10:00am
Venue: BASH, Level 3, Block 79 Ayer Rajah Crescent, Singapore 139955