Building a Blockchain Circular Supply Chain.

Deepak Lalan from Accenture talks about building a blockchain circular supply chain and the important customer problems it solves.

A blockchain circular supply chain is a supply chain that is designed to be sustainable, efficient, and transparent, using blockchain technology to track and verify the movement of goods and materials. In a blockchain circular supply chain, materials are reused, recycled, or upcycled in a closed loop, rather than being discarded as waste.

To build a blockchain circular supply chain, there are several key steps that can be taken:

Identify the key stakeholders: It is important to identify all of the parties involved in the supply chain, including manufacturers, suppliers, customers, and regulators.
Define the goals and objectives: It is important to clearly define the goals and objectives of the supply chain, such as reducing waste, increasing efficiency, and improving transparency.
Develop a blockchain platform: A blockchain platform can be used to track and verify the movement of goods and materials through the supply chain, providing a transparent and secure record of all transactions.
Implement smart contracts: Smart contracts can be used to automate and streamline the supply chain process, reducing the need for manual intervention and improving efficiency.
Establish metrics and benchmarks: It is important to establish metrics and benchmarks to measure the success of the supply chain and identify areas for improvement.

Overall, building a blockchain circular supply chain requires careful planning, collaboration, and the use of advanced technologies such as blockchain and smart contracts to create a sustainable, efficient, and transparent supply chain.

Blockchain Quotes.

“You could imagine something like a completely automated system for renting bikes that’s just done completely over blockchain crypto-payments. And theoretically just sort of start it up, and it works completely autonomously.” ~Vitalik Buterin
“You can’t stop things like Bitcoin. It will be everywhere and the world will have to readjust. World governments will have to readjust” ~John McAfee
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error.” ~Tyler Winklevoss
“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.” ~Satoshi Nakamoto, Founder of Bitcoin
“Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” ~Bill Gates
“Stay away from it. It’s a mirage, basically. In terms of cryptocurrencies, generally, I can say almost with certainty that they will come to a bad ending.” ~Warren Buffet
“Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly.” ~Vitalik Buterin, co-founder Ethereum