How Covid-19 is shining light into supply chain gaps - and why blockchain can help

As the Covid-19 pandemic continues to escalate, many organizations are facing an uncertain future. With various plans around the world protecting businesses in the near future, there may be an opportunity to evaluate your business proposal, explore future trends, and find your child. The best way to make when 'normal new' is established.

Such things always require a step back, Alan Alan Vey, co-founder of blockchain technology startup Artos, told The Block. Without travel, a great deal of time for everyone was liberated. Things have slowed down a bit to make some strategic plans and look beyond.

A great time to identify the potential of some key technologies can make a difference.

The best defense is a good offense, as stated, and for blockchain, issues have been displayed through the supply chain - be it food, personal protective equipment (PPE). or other issues - may yield some conversions after Covid-19. No fewer authorities than the World Economic Forum (WEF) have just said earlier this week, saying the 'thoughtful implementation of blockchain technologies is needed.

I think supply chain applications [for blockchain] could be explosive, according to Annika Monari, co-founder at Artos. When you start thinking about how paracetamol prices go up, there are no toilets for several weeks - the lack of visibility depends on a country with a different governance structure than us, which is a business risk. totally true.

These types of risks Paradise has been appreciated until now, Monari Lemon adds. Blockchain can add a lot of value in bringing that transparency, traceability and monitoring where you have these supply chains, so you can identify downstream issues much faster.

This is not the only application that blockchain supporters see benefits. I think it's interesting to see some of the projects out there looking at reconciling Covid data - test data, infection data - and using blockchain technologies to try and standardize data formats. and act as a single truth source for that data, say Monari.

Monari and Vey founded Artos in early 2018 after their previous launch was Aventus, an Ethereum-based protocol to combat ticket fraud with blockchain technology. Artos offers a proprietary technology, built on top of Ethereum, that includes features such as powerful trading tools, asset lifecycle management and crypto security, seeking to guide businesses on the journey. from idea to implementation.

As a result, the two soon realized that their business was far beyond ticket sales.

Monari said, in the end, what we did was see how this technology was applied to any kind of supply chain or value chain - any real business, according to Monari. Blockchain will have a big impact on the way businesses work with other businesses. We started branching further - our solution was fairly generic and that was when we founded Artos and we decided to become a bridge for blockchain for businesses.

This is a bridge for blockchain, which is an important part of marketing Artos, actually, it's a registered trademark - but the company sets itself up as a technology provider, rather than an advisory or distribution store. development. However, consulting and reducing the knowledge gap, played a part in the early stages.

Vey Most of these technologies, such as AI or the cloud even before you started, no one really knows how to apply it, Vey said. They know it can transform, but they don't know the best way to apply it and how to apply it.

For the original customer, it really collaborates, understands the business, understands the industry, fits our expertise, how the technology works and then empowers them to find the next app. and subsequent solutions, he added. In the first year or two [of a project] we may be quite heavy on consulting, but increasingly turning to reusable solutions.

Therefore, the move to build Artos technology, on Ethereum, or public blockchains in general, is a decision. It is especially interesting that many in the industry cannot see it as the business standard in terms of transactions per second, although companies like StarkWare have provided leaps and bounds in recent months.

Monari explains the reason behind long-standing public blockchains. She said, the same way you look at intranets versus the Internet, she said. Intranet software is very powerful between an organization, across departments, but then when you start trying and adding more people to it and using it as a data exchange layer, an information exchange layer, It begins to lose power because it is controlled by one or several parties

The Internet is so powerful - it is a communication protocol standardized by nobody, Mr. Mon Monari adds. This software creates interoperability between data, people and organizations - and we have the same opinion about blockchain technology.

There is nothing wrong with permissioned blockchains - right now, it's the quickest way to get up and running and that's why people are adopting them - but eventually all those rights implementations will need to be connected and compatible.

One of the aspects that make blockchain so widely available is through its impact on the supply chain; use the same ‘farm to fork, often with many different industries, stakeholders, and different processes involved. Returning to the ticketing example, Artos sees it as a value chain rather than a supply chain.

Monari for ticketing, everyone from the venue, to the promoter, to the ticket company - they will call themselves a supply chain, which is a value chain, according to Monari. By providing transparency or traceability to what happens in the value chain for adjacent value chains or regulators, this technology can be very powerful.

Vey adds, there is a misconception surrounding the question of where exactly the blockchain applies. He said it was difficult to give a concise and precise answer to that question because it was like asking where the personal computer applied, he said. This is a machine that can be programmed to meet all use cases. Blockchains are very similar - it's a general-purpose, programmable technology, through smart contracts; It is flexible because many use cases can be designed to extract its value.

As before, it receives knowledge about the flexibility and impact of blockchain on people in industries who are ready to be transformed, which is very important. With this in mind, Artos will gather a series of webinars, with an online seminar on metals and the mining industry to be launched early this week.

Monari during this time, it's very difficult - but one of the advantages is having a little extra time to do some work - and one of those things is learning about new technology, according to Mr. Monari. Part of why we started this series - we know people have more time and we hope to be able to leverage some knowledge and help them make decisions about the company. Their are based on future trends.