AND THE CHALLENGES IT FACES IN SUPPLY CHAIN APPLICATIONS
The emerging distributed ledger technology (DLT), also known as "blockchain" technology, has shown great potential in the supply chain sector. For example, it promotes higher efficiency and brings faster and leaner global trade logistics, as well as higher transparency and traceability in supply chains, and improves the automation of business processes. Many companies have been developing solutions in different areas, including trade finance, trace and track, transport management and document processing.
The key challenge for the wide industrial adoption of blockchain technology is the level of industry acceptance, which will determine the success of blockchain technology in logistics and supply chain. A very positive sign, though, is that more and more supply chain enterprises are aware of the potential of blockchain. Interest is growing, with people hoping that this technology can solve problems they are facing.
Another challenge some might cite is the attitude of supply chain-related government departments and agencies and their actions to address the technology. Government agencies usually act cautiously in their approach to new technologies. But the good news is that, with blockchain, it's a bit different: Governments are seeing the potential of blockchain technology and its impact on the future of supply chain applications. Some agencies have started developing applications related to blockchain or have joined relevant blockchain network platforms.
is to represent the Canadian supply chain and its efforts to transform using blockchain technology
AND ITS CHALLENGE ON SUPPLY CHAIN APPLICATIONS
Help Canadian supply chain enterprises discover and adapt to blockchain technology by building a consortium blockchain platform for the supply chain sector.
Advocate for the supply chain sector, and have the voice power to communicate with supply chain-related government agencies; cooperate with transportation, logistics, freight forwarding, warehousing and other entities, and attract more and more members to participate. The more enterprises join, the more influential the association will be.
Help all supply chain and related enterprises build bridges and create collaboration opportunities. Become a platform for members to share information, acquire training, promote the effective use of industrial resources, and solve problems they encounter in business activities and business development.
Integrate technical resources of blockchain to form a coordination mechanism. Explore platforms or applications for various sub-areas of the supply chain, and bring together financial institutions and cloud service providers, start-ups and other service institutions to provide members with more tech solutions.
Further promote interfaces with government departments when using blockchain technology.
Cooperate with third-party training institutions to customize blockchain and other digital technology training services for members.
Help employers gain access to the next generation with student internships and co-ops and get visibility to government grants and hiring programs in their regions.
Our Advisory Board
Our members come from across the supply chain spectrum. They are manufacturers. They are importers/exporters. They are carriers and service providers. Or they are technology providers. But they all have a common goal: to better understand how blockchain will impact their supply chain activities and push for the rapid adoption of this emerging technology.