How implementing Block-chain can Benefit in Supply chain Industry. Small Case study around the same

1. Supply Chain &
Food industry

2. page
07
Applying Block Chain
In Supply Chain Industry
Automotive SupplyChain
With the Help of smart contracts,
Decentralized immutable shared
ledger having joint consensus
following disruptions can be
achieved in the Automotive supply
chain
Implementing On Demand manufacturing. Smart prognostics, supply chain traceability and
inventory management based on pull marketing and real time requirement through smart
contracts and shared ledger which will be fulfilled by all upstream and downstream stakeholders in
consensus
Facilitating Vehicle tracking. Supporting Dealer Management System by providing secured,
validated and transparent information regarding the vehicle additionally eliminating data risks. Also
Enabling analytics in monitoring consumer behavior especially in the leasing, rental and servicing
Industry
Smart contracts and the shared ledger can be applied in each of the phases of the supply chain
from production inception, designing, development, distribution & financing. RFID tags can be used
along with Block chain to facilitate ownership related information and traceability which will be
beneficial to identify root cause andcost ownership in case of settling disputes
DigitalLogistics
With the Help of Anonymous and
Secure transactions maintained in a
immutable shared ledger having
automatic trust is built in the 4PL
logistics network leading to
following disruptions
Eliminate reliance on intermediaries: using block chain to transmit orders, letters of credit, bills of
lading and delivery receipts without the use of bonded couriers (SECURITY AND TRUST). Drive
market efficiency, transparency and cost savings (FASTER AND CHEAPER): using an immutable and
auditable public ledger for recording shipping documents and events and smart contracts to trigger
payments. Facilitate fluid demand and supply side relationships (SCALABLE): reducing reliance on
brokers and clearinghouses.
Enablingsmooth Transferpricing through distributed ledgers and self executing smart contracts.
Preventing fraud through tamperproof timestamped and cryptographically sealedtransactions
EnablingseamlessVATprocessing digital invoice transactions which will in turn execute smart
contracts to automatically calculate and inform authorities and suppliers due amount. Preventing
MTIC and MTEC by maintaining transactions through ashared immutable ledger thus providing
transparency andownership
Challenges inImplementation Ecosystem CurrencyVolatility Technologyknowhow Mindset