Blockchain: The Facts & Agenda Fiction Surrounding an Activity … · 2020. 3. 26. · • Industry...
Transcript of Blockchain: The Facts & Agenda Fiction Surrounding an Activity … · 2020. 3. 26. · • Industry...
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Blockchain:TheFacts&FictionSurroundinganEmergingTechnology
JulieMcGill,FoodLogiQVPofSupplyChainStrategy&Insights
March2,2020
Agenda
1. Activitytoday2. Lookingtothefutureoftraceability3. Gettingready
AboutBlockchain
Whatisit?Adigitalledgerwherealltransactionsarerecordedchronologicallyandpublicly.
Thetermblockchain,accordingtoGS1,hasbeenused:• Torefertotechnologiesthatare“sharedledgers”ofdata
• Asthenameofalgorithmsthathelpachievedecentralizedconsensus
• Torefertoanimmutableledgersystem:e.g.“theblockchain”
• Ageneralpurpose“magicbullet”solution
NetworkTypes
Distributed Centralized Decentralized
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LedgerTypes
Public Consortium Private
CurrentStateofFoodChain+Blockchain
● Momentumintheindustryrightnowtoconsidernewtechnologiesandapproaches.
● Currentapplicationsofblockchaininthefoodsupplychainareprimarilysingle-threadedandconsideredenterpriseblockchains,nottrulydecentralized.
● Regulatoryinitiativeshighlighttheneedfordatagathering,dataqualityandinteroperability.
Exploration
• Industryworkgroups– GS1USBlockchainDiscussionGroup– GlobalDialogueforSeafoodTraceability– PMABlockchainTaskForce– FoodLogiQLABS
• Industryspecificblockchains– i.e.agriculture,beef,seafood
FDAFocus:End-to-EndTraceability
Source:FDANewEraofSmarterFoodSafety
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GettingReady
1. Determinewhatproblemsyouaretryingtosolve.
2. Doanassessmentofyourcurrentcapabilities.
3. Getinvolvedinworkgroupsandpilotgroups.
ImageSource:GS1US
WillBlockchainReallyMakeUs…
• Moreefficient?• Exchangedatafaster?• Trustthedatamore?
ManagingMisconceptions
• Traceability≠blockchain
• Notasilverbullet
• Interoperabilityiscritical
DataandMoreData
• Whatinformationneedstobeexchanged?
• Isthedatastandardized?
• Doesitaddvalue?
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FoodLogiQandBlockchain• Technologyadvancementsarecriticaltomodernizingthe
foodindustryanditssupplychains.
• FoodLogiQcontinuestoinnovateandempowerourcustomers’abilitytoexpandtheirecosystems,tietogetherandsharedisparateinformationacrossasingleplatform.
• Aglobalvisionrequirestherightpartnersandstandardstoimplementthebestsolutionforsupplychaintraceabilityandtransparency.