A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg

November 20, 2018

On this week’s episode of Odd Lots we speak to Angus Champion de Crespigny, who formerly advised companies on how to use blockchain technology, but who now believes that ultimately it won’t get them anywhere. In our discussion, he explains the limitations of the technology, and where he sees actual opportunities.

Why Blockchain May Never Benefit Corporations by Odd Lots

Why Blockchain May Never Benefit Corporations

As someone who’s been involved in both public and private blockchain development, there is an element of truth to Angus’ statements. But advisors at various projects probably said the same of Electronic Data Interchange (EDI) back in the early 70s, if they were born yet 🙂

Enterprise/private blockchain is EDI, re-architected.

— Steven

Source: A Former Blockchain Believer Explains Why It Will Never Benefit Corporations – Bloomberg, Joe Weisenthal and Tracy Alloway, November 19, 2018

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Blockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn

October 30, 2018

“When things go wrong, consequences can be severe. With digitization and automation, more models are being integrated into business processes, exposing institutions to greater model risk and consequent operational losses. The risk lies equally in defective models and model misuse.”

Source: Blockchain Business Series: Blockchain Model Risk Framework – BMRF | LinkedIn, Nitin Gaur, October 27, 2018

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Global Blockchain in Business Survey 2018: PwC

August 29, 2018

What is the state of blockchain today? In PwC’s 2018 survey of 600 executives from 15 territories, 84% say their organisations have at least some involvement with blockchain technology. Companies have dabbled in the lab; perhaps they’ve built proofs of concept. Everyone is talking about blockchain, and no one wants to be left behind.

Four key strategies can help them build trust and stay on a path toward successful execution.

Source: Global Blockchain in Business Survey 2018: PwC

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What Blockchain Can’t Do

July 6, 2018

As the ecosystem around blockchain technology develops, new types of intermediaries will emerge that turn the last-mile problem, of keeping digital records in sync with their offline counterparts, into actual business opportunities. While the technology is early stage, as these key complements mature, blockchain has the potential to fundamentally reshape ownership over digital data, and the digital platforms we use every day.

Source: What Blockchain Can’t Do, Catherine Tucker & Christian Catalini, June 28, 2018

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Deloitte Blockchain Boss Departs To Build Ethereum Supply Chain

July 6, 2018

there are a number of entirely new business models that could be tapped by moving the supply chain to a shared, distributed, immutable ledger.For example, Coble described future supply chain products that flipped the current system on its head by letting parts suppliers publicly broadcast real-time details about unused goods that could be used in any number of products.Coble described her vision for this type of functionality in the future:It provides an environment, a marketplace, for trading partners across the supply chain to be in one place. It allows for this new buy and sell functionality that has never been put together.

Source: Deloitte Blockchain Boss Departs To Build Ethereum Supply Chain,

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Blockchain-Based Marine Insurance Is Live

July 6, 2018

Over the first year of its use in a commercial environment, the group expects Insurwave to execute over half a million automated blockchain transactions for more than 1,000 vessels. EY also plans to extend the application to other types of business insurance, including global logistics, aviation and energy.

Source: Blockchain-Based Marine Insurance Is Live, Sead Fadilpašić, May 25, 2018

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Wal-Mart and IBM want to harness blockchain to improve food safety | The New Food Economy

July 5, 2018

The Walmart-IBM software may facilitate digitization, certificate management, and interoperability. But while these things can improve traceability and transparency, the human element of the food supply chain is far more resistant to control and far less predictable. If the ultimate success of the blockchain relies on self-governance, we may be a long way from it being a food traceability backbone we can truly rely on.

Source: Wal-Mart and IBM want to harness blockchain to improve food safety | The New Food Economy, Jessica McKenzie, February 4th, 2018

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3 Innovative Ways Blockchain Will Build Trust In The Food Industry | Forbes

July 5, 2018

For example, let’s say dozens of customers fall ill with listeria after eating at a restaurant chain. The restaurant tests the food and discovers raw vegetables are the culprit. Using a blockchain track-and-trace solution, the restaurant will be able to track the serial number associated with the vegetable shipment back to the distributor and then to their original supplier. If they find the vegetables are contaminated, that supplier will immediately be flagged on the blockchain, and anyone who has sourced or bought the vegetables will be made aware of the danger.

Source: 3 Innovative Ways Blockchain Will Build Trust In The Food Industry | Forbes, Samantha Radocchia, April 26, 2018

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Could blockchain be the food chain’s answer to romaine lettuce E. coli and other outbreaks?  | Retail | Dallas News

June 21, 2018

The whole system gets blamed when something spoils or is contaminated with salmonella or E. coli, or a distribution center fails to store product at the right temperature.“

We need to shift this from fault-finding to fact-finding,” Yiannas  said. “If no one is eating romaine, the entire system loses.”

Source: Could blockchain be the food chain’s answer to romaine lettuce E. coli and other outbreaks?  | Retail | Dallas News, Maria Halkias, June 21, 1018

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