The emerging Distributed Ledger Technology (DLT), also known as "Blockchain" technology, has shown great potential in the supply chain industry. For example, it promotes higher efficiency and brings faster and leaner global trade logistics, 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, document processing, etc.…
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 is, more and more supply chain enterprises are aware of the potential of Blockchain. The interest is growing, hoping that this technology can solve the problems they are facing. The ability to exchange information accurately and safely is a key advantage of Blockchain. Stakeholders will benefit the most when the technology becomes mainstream. Therefore, when more and more stakeholders join the community, the value of the community will increase. When the number of stakeholders reaches a certain level, strong network effects will be triggered in the supply chain. With the participation of more and more stakeholders in the supply chain, Blockchain becomes more and more valuable and will eventually develop into an industrial practice.
Another challenge is the attitude of supply chain related government agencies and their actions to address the technology. Government agencies usually act cautiously and wait for the time to come. But the good news is that this time it's a bit different: they have seen the potential of Blockchain technology and its impact on the future of supply chain applications. Some agencies claimed that they 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
To help supply chain enterprises meet the challenges brought by emerging technologies, adapt to new trends, improve the efficiency of business operations, save time and money for business operations. To further promote business exchanges and business collaboration among supply chain enterprises, as well as interface with government departments when using Blockchain technology. To build network platforms and software applications with enough trust, influence and power. To communicate with government agencies, we decided to establish the Canadian Blockchain Supply Chain Association (CBSCA).
The mission of CBSCA is：
Help Canadian supply chain enterprises to discover and adapt to Blockchain technology. By building a consortium Blockchain platform for the supply chain industry.
Advocate for the supply chain industry, 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 it will be.
Help all supply chain and other related enterprises to build bridges and create collaboration opportunities. Become a platform for members to share information, training, exchange and collaboration, promote the effective use of industrial resources, and help members solve problems encountered in business activities and business development.
Integrate technical resources of Blockchain to form a coordination mechanism. Explore platforms or applications on various sub-areas of the supply chain, and combine financial institutions and cloud service providers, start-ups and other service institutions to provide members with more tech solutions.
Cooperate with third-party training institutions to customize Blockchain related technology and other digital technology training services for members.