Covid-19 has disrupted supply chains beyond an unlikely return to the pre-pandemic levels. With dependency reducing on exports and emphasis on vocal for local, blockchain technology can play an influencing role in tackling supply chain failures. Read our report that throws light on how #blockchain technology can re-define #supplychains. Gain insights on the impact, challenges and opportunities of plugging the technology into the existing #supplychain framework. Download the complete report here: https://bit.ly/33Xux9r Catch the on-demand discussion here: https://youtu.be/VZBoxs2_6pg

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Future Tech Series
Leveraging Blockchain
Transforming rattled supply chains

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The Institution of Engineering and Technology
The IET is one of the world’s largest professional societies for engineers, headquartered in the UK. Soon to turn
150 years, the IET works closely with industry, academia and government in its mission to engineer a better
world. In line with this, the IET also has specific global initiatives around key sectors that are relevant to solving
problems that impact the society at large. In India, the IET has over 13,000 members and has wide ranging
activities in alignment with the overall global IET strategy that also includes sector focus in areas such as Future
technologies. Future of Mobility and Transport, as well as the Future of Work. Eminent engineers like Shri Ratan
Tata, Former Chairman Tata Sons, N R Narayana Murthy, Chairman Emeritus, Infosys and T V Ramachandran,
President, Broadband India Forum (Ex-Resident Director, Vodafone) are Honorary Fellows of the IET.
With our members, we are driving innovation and change in the fields of engineering and technology. We
research, investigate, review and analyse the industry’s challenges, proposing solutions that will have a significant
impact on the world for years to come.
This document is a part of our Future Tech series. The IET has been curating expert views and presenting them
to our partners on multiple platforms in multiple formats – digitally. This includes our expert webinars that occur
once a week – titled IET India Digital Conversations and IET India Digital Debates, Walk the Tech Talk series in
collaboration with India Automated that goes Live on our social media platforms, podcast series, white papers and
approach papers etc. This document summarises the key discussions of the IET India Digital Conversations on
‘Leveraging Blockchain to transform rattled supply chains’.
Read more about our Future Technology focus as well as our panels here. To become a volunteer and to
contribute, please write to us at sectors@theiet.in
Disclaimers
This document is owned and maintained by the Institution of Engineering and Technology, India and the design of
the document is © IET India 2020.
The information contained in this document should not be interpreted as a representation of the views of the IET,
nor should it be assumed that it reflects any of its current or future policy. The information cannot supersede any
statutory or contractual requirements or liabilities and is offered without prejudice.
While the authors, publisher and contributors believe that the information and guidance given in this work are
correct, all parties must rely upon their own skill and judgement while making use of them. Neither the authors nor
the publishers assume any liability to anyone for any loss or damage caused by an error or omission in the work,
as a result of negligence or any other cause.

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Blockchain
Technology
•Procurement
•Provenance
•Traceability
•Logistics
•Manufacturing
•Payments
Application Areas
•Efficient workflow
•Increased
transperancy
•Reduced risk
•Reduced time of
delivery
•Increased business
value
Output
Introduction
The COVID 19 crisis has created an unprecedented surge in demand for certain goods that have led to concerns
around transparency and efficiency of supply chain management systems. With global supply chains being
disrupted to a point of where return to pre-pandemic levels looks unlikely in the short run, companies are turning
towards transparent, inclusive and innovative technologies to survive. World Economic Forum (WEF) had
indicated in one of its recent articles that Blockchain technology can help tackle supply chain failures exposed by
the COVID-19 pandemic and also boost the economic recovery process. According to their recent article,
Blockchain can help rebuild disrupted networks by providing trading partners and consumers with transparent,
trusted and secured data on goods and transactions. This can help form a more equitable system of commerce
for producers and consumers.
Global acceptance of Blockchain as a technology in supply chain management can transform workflow effectively,
increase transparency, reduce risk and time for delivery and add tremendous value to businesses. Areas such as
procurement, provenance, traceability, logistics, manufacturing and payments can reap huge benefits from
deployment of Blockchain technology. Having a Blockchain based database for storing operational data can
eliminate resource heavy processes, save time, ramp up manufacturing, enhance visibility and supply of goods on
time. Given the introduction of initiatives such as Vocal for Local and Atmanirbhar Bharat by the Government of
India, manufacturers can look at leveraging Blockchain to thrive in the new normal.
We brought technology experts together to discuss “Leveraging Blockchain to transform rattled supply chains”
and share their views on the ways in which Blockchain can revolutionise global supply chains. The experts also
discussed various areas and industries that could benefit from the adoption of Blockchain technologies, how it
could ensure rapid reaction to future supply chain shocks and provide flexibility during such unforeseen events.
Leveraging Blockchain
Transforming rattled supply chains

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Download a detailed report
on how blockchain
technology can redefine the
challenges of supply chains
disruption in the country:
https://bit.ly/33Xux9r
Contributors to the discussion
If you have a question or query, please feel free to reach out to us at sectors@theiet.in. Read more about our
work at india.theiet.or
Dr Vikram Venkateswaran,
Director - Cyber and
Strategy Services,
Deloitte
Punit Shukla,
Project lead -
Blockchain & AI,
World Economic
Forum
Sharat Chandra,
President,
GBA India
and Advisor,
EarthID

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