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Commodity Intelligence Blockchain

Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

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Page 1: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Commodity IntelligenceBlockchain

Page 2: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

What is Blockchain?The Blockchain is a public ledger where transactions are recorded and confirmed anonymously. It’s a record of events that is shared between many parties. More importantly, once information is entered, it cannot be altered. So, if the blockchain is the public record, what is being recorded? What are all of these “transactions”?

We know the man is giving her a gift.We do not know the contents of the gift.

The act is public, and witnessed by all (anonymous)The content is private and cannot be altered. (transaction)

This is ‘blockchain’.

Page 3: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Marc Andreeson on Blockchain.

The practical consequence […is…] for the first time, a way for one

Internet user to transfer a unique piece of digital property to

another Internet user, such that the transfer is guaranteed to be safe

and secure, everyone knows that the transfer has taken place, and

nobody can challenge the legitimacy of the transfer. The

consequences of this breakthrough are hard to overstate.Marc

Andreessen, Inventor of the internet browser

Page 4: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Why is it significant?

The internet economy has a problem.

It is impossible to distinguish original vs copy.

That has severely limited to the internet's capacity to handle money.Money requires a trusted intermediary to authenticate its veracity.

Page 5: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

The internet has already taken some victims

The music industry has proven unable to control digital distribution of copies.

As a result it’s ‘moat’ evaporated.

And despite surging usage, revenues have collapsed.

Blockchain might have prevented this outcome.

Page 6: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

How does it work?

Each transaction forms part of the public chain. It’s location on the chain defines time.

The contents of the transaction are private, only the parties concerned have the key to the code.

Each block can, and is tradeable as a unit of digital currency.

Each Blockchain is the basis for a private sector currency, which is both unique, and known to all.

Page 7: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

How many Blockchains are there out there?

Around 800 right now.

The universe expands around $10bn per week.

Total mcap $88bn as of June 2nd.

Adoption bids up price.Speculation bids up price.

Each blockchain creates its own token or coin.

Page 8: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Uses for Blockchain

Page 9: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Supply Chain Management.

Page 10: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

At its core every transaction in a supply chain:

Page 11: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

More detail:

1. Seller supplies goods and services under a contract of sale.

2. Buyer owes a debt to seller (invoice is generated).

3. Factoring agreement is made between the factor and the seller.

4. Seller gives notice of assignment to the buyers.

5. The buyer owes a debt to the factor.

6. Factor makes a prepayment of the invoice (at a pre-agreed price)

7. Debtor pays debt in accordance with the invoice on the due date.

8. Factor pays the remaining part of the invoice to the seller (discount included).

1. Seller supplies goods and services under a contract of sale.

2. Buyer owes debt to seller (invoice is generated).

3. Seller finds the most advantageous interest rate.

4. Seller serves notice of assignment to the buyers.

5. Payments are disseminated through the platform.

Page 12: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

ExamplesMaersk and IBM Unveil First Industry-Wide Cross-Border Supply Chain Solution on Blockchain

Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders, ocean carriers, ports and customs authorities

Wal-Mart patent uses blockchain tech for drone deliveriesSupply Chain Dive-31 May 2017Wal-Mart is seeking patent approval for a new type of drone delivery system that will deposit packages into secure lockers that offer ...Walmart files patent to explore blockchain for tracking drone deliveryEconoTimes-30 May 2017

Pilot shows blockchain can secure wine supply chainSecuringIndustry.com-24 May 2017A bottle of wine has been fully tracked from South Australia to China using blockchain in one of the world's largest supply chain security trials.Oz Blockchain Combats Fake GoodsChannelNews-24 May 2017

Page 14: Commodity Intelligence · 2017. 7. 1. · Global trade digitization solution will benefit the industry using blockchain to manage transactions among network of shippers, freight forwarders,

Aside:Has this ever happened to you?

Try this:https://onename.com/

Blockchain will work because it restores ‘uniqueness’.