Barcelona, November 23, 2022.- Join David Liu, CEO and Co-Founder of Plus, for a discussion on where we are in the deployment of autonomous trucks generally, why Plus chose its evolutionary path to get to driverless trucks, the company’s commercialization updates, and what the future will look like with these trucks on the road.
Barcelona, September 20, 2022.- Artificial intelligence is definitely going to be one of the most efficient technologies for transport and logistics companies. This is what BiztechMagazine says in this report:
Barcelona, August 30, 2022.– Artificial Intelligence solutions are beginning to become popular. The supply chain is keeping an eye on this innovation, as this analysis published in the Deccan Herald News explains:
Barcelona, March 22, 2022.- The prestigious technology consultancy Gartnerhas published an analysis of Blockchain technology and its real solutions today. Gartner explains blockchain with these arguments:
This article was originally published by Ben Dickson on TechTalks, (March 7, 2022) a publication that examines trends in technology, how they affect the way we live and do business, and the problems they solve. But we also discuss the evil side of technology, the darker implications of new tech, and what we need to look out for. You can read the original article here.
Barcelona, February 22, 2022.- The Foley & Lardner Law Firm has published a detailed and exhaustive analysis of the benefits of blockchain technology for the logistics industry, which is so important for the success of e-commerce around the world. Therefore, its reading is highly recommended for managers of transport and logistics companies. Here is a summary of your diagnosis.
Barcelona, January 18, 2022: The prestigious economic newspaper Financial Times has published an analysis on the supply chain. Its recent innovations and the changes that have had to be implemented in large multinationals, small and medium-sized companies. Next, we publish a summary for its great interest for the logistics professional and the technological manager:
Barcelona, December 7, 2021.-McKinsey & Company has developed a report on the new leadership of CEOs in the Post-Covid19 era. Interesting to read the conclusions especially in relation to new uses of technology and its implementation in value chains.
Barcelona, November 30, 2021.- As reported by the economic news agency, Bloomberg, the Covid-19 pandemic is speeding up a technological transformation of global trade as supply chains play catchup in shifting from paper to digital transactions.
Barcelona, November 2, 2021.- The prestigious Forbes magazine has published an analysis on blockchain technology and its competitive advantages for Public Administrations. We have to ask ourselves how they will adopt this technology, not when …
Barcelona, October 26, 2021.- Blockchain technology is increasingly integrated among logistics companies. Both in technological innovation, the development of solutions for information management in transport and logistics companies, and in payment systems.
Barcelona, September 28, 2021.- Artificial intelligence, machine learning, blockchain, quantum computing, augmented reality, autonomous driving, metaverse … technological progress has been brilliant in recent decades. For this reason, governments have to accelerate the regulations that regulate our present and future. An example is the following meeting.
Barcelona, August 17, 2021.-JDSUPRA has configured the following information about the benefits of Blockchain technology with intelligent contracts for employers. The digital transformation in which we are living invites to know all the details of implementation and development of Blockchain technology in all economic sectors.
Barcelona, July 20, 2021.- Blockchain technology will reach its greatest efficiency with the integration of other technologies such as artificial intelligence. The software of supply chains will be one of the main beneficiaries, according to explain Industry Wired in the following analysis:
Barcelona, July 6, 2021.- On June 1, the European Investment Bank (EIB) and European Commission published a new study (online summary here) on the state of play in artificial intelligence and blockchain technologies in the European Union: “Artificial intelligence, blockchain and the future of Europe: How disruptive technologies create opportunities for a green and digital economy.” The study was produced by the EIB’s Innovation Finance Advisory team in close collaboration with DG CONNECT under the InnovFin programme – a joint EIB and European Commission initiative to support Europe’s innovators.
Barcelona, June 8, 2021.- According to a short-term analysis by Accenture, Blockchain technology will likely revolutionize the way we live and work. It has the potential to give us greater control over our healthcare and well-being, provide greater insight into the origins and quality of the food we eat and the products we buy, financial transactions will execute faster and be simultaneously more transparent and private, and business will be conducted with greater efficiency and less risk.
Barcelona, June 1, 2021.-TechBullion has highlighted an analysis of blockchain technology in the management of our personal data. A decisive advance for the next few years.
Blockchain has proven to be one of the most disruptive technologies of the last decade. Initially conceived as a fair, trustless, and transparent way to record data and transfer value, blockchain-based projects and solutions have grown immensely over the last several years and have transformed the way we approach everything from healthcare, education, and governance, to entertainment, fintech, supply chain, and more.
Many of the changes that blockchain has brought about have been widely documented on the global and industrial scale, but as improvements are made in blockchain-based technologies, we are now able to leverage this bleeding-edge tech to empower users on an individual level.
For example, consider logistics and supply chain operations. While blockchain technologies can streamline the way the supply chain functions, they can also lower transaction costs for small businesses. Within those businesses, blockchain can also be used for granular analytics, payments, permissioning, and more – all on the level of the individual.
In the same manner, with the right tools in place, private individuals can now take control of their personal data – the same data that has built multi billion-dollar empires such as Google, Facebook, Snapchat and more. While these centralized platforms have been instrumental in the advancement of fast, modern, low-cost applications for every imaginable use-case, they were built by leveraging vast amounts of private user data often without the direct consent of the user and certainly without the user’s control over the data that was collected and monetized by these centralized entities.
Data has long been recognized as a valuable digital asset, but traditional, centralized platforms (often referred to as Web 2.0) deprived users of the ability to control and/or monetize their data. Data is the largest digital asset that we own, but it is difficult – in fact until now it has been impossible – to monetize this personal data on an individual level. At present, private individuals freely hand over this data to large, centralized companies who monetize it to their own advantage, with little to no benefit accruing to the true owners and producers of that data.
Barcelona, May 25, 2021.- Food Logistics magazine has published a very interesting report on the application of Blockchain solutions in the food supply chain. An exciting challenge for the coming months and that he has explained with these arguments:
Touted as a way to reduce the abundance of emails, spreadsheets, manual labor and data silos that supply chain managers have grown accustomed to, blockchain seems almost too good to be true. Despite claims of it being an overhyped technology, blockchain can be transformative if careful consideration is given to the problem it will solve and the quality of data that is supplied. There are many questions that need to be addressed before a supply chain use case is considered. They may include: How accurate and complete is the company’s data? Is blockchain really the right solution, or can this problem be solved another way?
Early adopters are finding that applying blockchain to supply chain use cases can expose unique data sharing and digitization challenges. According to a study by Gartner, 80% of supply chain blockchain initiatives will remain at a proof-of-concept or pilot stage through 2022 because supply chain use cases still rely heavily on analog data. Researchers state that the need to digitally capture data from a multitude of sources is critical to achieving a requisite level of visibility that leads to blockchain maturity.
Blockchain use cases in the supply chain require a foundation based on global data standards. Key food industry players have discovered that an adherence to global data standards, such as GS1 Standards, is a critical part of preparing for this heightened level of automated and external data sharing.
The food industry is under pressure to step up traceability after an abundance of recalls and the U.S. Food and Drug Administration unveiling of the New Era of Smarter Food Safety last spring. In this plan, the agency called for a greater exploration of technology to modernize the supply chain and a stronger commitment to traceability to protect the public health. This activity, coupled with the Food Safety and Modernization Act (FSMA) traceability rules, means food companies will need to take action to digitize their supply chains. They will now be expected to possess far greater traceability capabilities than the minimal “one up, one down” record-keeping that is in place today, where a company may only have knowledge of where a product has come from and where it is going.
GS1 Standards give food supply chain partners the ability to share data among different information systems, so they can essentially speak the same language and carefully map their blockchain ecosystem. Standards also enable data capture and transactions between partners to be completed automatically, without the need for manual look-ups and conversions or follow-up with customers and suppliers to check basic facts about invoices, credits, delivery receipts, stock numbers, quantities, units of measure, purchase orders and other data sets being placed on a blockchain.
One particular standard that is foundational to data exchange in a blockchain implementation is called Electronic Product Code Information Services (EPCIS). Think of EPCIS as a standardized application program interface (API). Typically, an API is used to specify how software components should interact. EPCIS removes barriers that can be caused by the use of disparate, proprietary data systems. It allows businesses to capture and share information about the movement and status, the what, where, when and why of products, logistics units and other assets in the supply chain.
With standards in place, a company testing blockchain is also more likely to commit to effective data quality management, with strict data governance and attention to detail before any data is shared externally. Without standards-based collaboration for data sharing systems, manufacturers and their partners risk creating and sharing an expensive and inefficient ledger of potentially bad data.
The root causes of data quality issues are usually basic inaccuracies (errors during item setup, for example) or incompleteness (a lack of full product attributes in a listing). Think of blockchain as a mechanism to record data. It has the unique features of immutability, more security and smart contracts to execute predetermined terms and conditions. However, it is not designed to add data where none exists or to fix errors. If supply chain partners are identifying products according to GS1 Standards and capturing and sharing data in a standards-based framework, data can be transmitted in more consistent formats in order to feed quality information to a blockchain.
Quality data is imperative to achieving the most popular blockchain use cases in the food industry right now—food safety and product information transparency. Without complete and accurate information, recalls can be slowed down or allergens may not be properly declared, but both can put consumers at risk. In an industry where all trading partners should be working toward the common goal of food safety, it is worth the investment of time and effort to ensure data quality issues are dealt with before errors become unchangeable through blockchain.
Companies cannot simply go “get a blockchain” on their own. The full trading partner network has to be open and ready to implement the technology for it to fully function as intended. Sometimes, that network can achieve a supply chain use case such as traceability or transparency even without the use of blockchain, through standards-based collaboration.
The Independent Purchasing Cooperative (IPC), the supply chain purchasing organization for Subway restaurants, is one example of a company that evaluated blockchain and found that their existing systems based on GS1 Standards were already capable of doing what blockchain could do. Now, their blockchain initiative has been paused while the organization focuses on bringing more of their partners on board with the standards that will eliminate manual work and provide the best foundation for food traceability. Collaborating with partners is now the focus.
“Having all parties using standard unique identifiers for products and locations and being able to capture and share data so it’s all easily understood from system to system is the critical starting point. With traceability, it is in everyone’s best interest to start with a single source of the truth. Standards provide data consistency as the information and products move between partners,” says Lucelena Angarita, director, supply chain systems and standards at IPC Subway.
IPC and others like them are not swearing off blockchain altogether. Instead they are finding that there are aspects of it, such as smart contracts and the ability to automate accounts receivable and accounts payable processes, that can be useful in the future. While a company may not choose to continue with a full implementation of blockchain, the exploration of blockchain forces them to take a closer look at how to support a future where massive amounts of data will be shared in new ways.
This is really what’s at the heart of the blockchain explosion—a renewed interest in sharing quality data farther and faster. Even though blockchain remains in a nascent stage, supply chain managers are faced with tremendous pressure to innovate quickly. Taking a thoughtful and coordinated approach to preparing for a new frontier of digital transformation now ensures the supply chain of tomorrow will operate with more fluidity and consistency.
Barcelona, May 11, 2021.- Over the past 140 years, Ericsson has been a global leader in ICT solutions. From manufacturing some of the first telephones, to managing networks that process 40% of the world’s data, we have a long history of shaping how the world communicates. Here, Ericsson explains how it has integrated blockchain solutions into its processes:
Barcelona, May 4, 2021.- Today we highlight a report from the IOT For All magazine where it explains the advantages of Blockchain technology in the global distribution of vaccines against COVID19. These success stories will undoubtedly serve to consolidate this technology in supply chains.