This Huge Bet on Blockchain Could Change A $50 Trillion Industry

Blockchain may one day eliminate inefficiencies and lack of transparency in supply chains. While slow in coming, this revolution would benefit not only customers and brands, but the “invisible" workers who power global trade.

#Blockchain #SystemShock #BloomberQuicktake

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[MotivationInvest]

Blockchain has huge potential, but there is a danger of falling in love with the tool rather than what it can built. We don't fall in love with hammers it's just a tool which allows us to hit nails.

[JohannesDriessen]

It would be amazing to be able to tip producers as a consumer

[nathangek]

"consumers willing to pay a premium for transparency" here's the kicker. That's why they're doing it.

[Jebusankel]

I don't see why you need to go full Blockchain for this. You just need an append-only distributed ledger with cryptographic signatures. That's a git repository.

[deggen]

04:20 "Blockchain is more resistant to tampering because of the sheer number of copies of the data."
- That's not really why it's resistant to tampering. It's more that the data is hashed, blocks are linked, and changing even one byte of data invalidates the block header which is widely distributed and publicly known.

[bclowner]

Super informative, thanks bloomberg :)

[NZLV]

Thank you for this video guys. I have been super passionate lately on understanding the driver on mass adaption, some very insightful comments on supply chain.

[astrnox]

If you're expecting that poor mother or miner or farmer to participate or be able to participate in blockchain at the end of supply chain, you're deluded. The case of the mama barley farmer mentioned is the utopian scenario. In real life in these places, cash is still used through and through. Even if you force the middlemen to use these, it's likely they will simply key whatever on behalf of the farmer. You can't use tech alone to fix real life societal problems. Companies ultimately still look for the best product at the best price, and will force their will down the supply chain if they can. They will opt-out of these blockchain solutions if they increase costs and inconvenient transparency.

[wimstalmans]

Consortium ledgers are not Blockchains. Let's settle on the correct use of terms. Blockchains are public permissionless ledgers maintained by their participants that are subject to crypto-economic staking to guarantee honesty without relying on any central authority!!!

[dukiwave]

For anyone who cares: NOTHING mentioned in this video needs, nor is improved, by using blockchain technology. Digital append-only ledgers have been around as long as computers, and blockchain makes scaling harder, not easier.

[matthewwalker]

I dont see how blockchain is improving much here. It sounds like the supply chain industry needs to go digital to remove the paperwork. If you put incorrect information on a blockchain, all that blockchain can do it verify that that information exists. Blockchain isn't going to magically be able to verify that the person who input the data wasn't lying. As 'motivation 2 invest' said, we need to look at problems objectively rather than start looking for nails to hit with them.

Someone, please explain why we couldn't use google sheets or another cloud-based tool to track supply chains.

[TheSeppentoni]

nothing is stopping those guys from solving these problems with current technology.

[fredlacroix]

tracking of goods from source to consumer doesnt end there, blockchain tech can also used to facilitate recycling

[sonamyoezer]

Enlightening, Eye-opening and Enriching.

[onearthanon]

Smart contracts are smart. They can run autonomously on their own once programmed correctly. And they are contracts. They can form an agreement between 2 parties.

[avonsternen]

This would also be great for nonprofits and NGOs.

[AD-rfwf]

The only semi-decent use case for blockchain I've ever seen.

[LabidySabidy]

Can you please add info on the speakers in this video so that we could see their background?

[cryptoraketeros]

It is essential to analyze and understand the factors that affect the cost of protection. By carefully assessing the risk exposure and considering alternative methods, it may be possible to optimize costs while maintaining an acceptable level of protection.

[yobroh]

Great to see real world use of the tech.
Would love to see more of this!