The Institute has created ‘Blockchain for Supply Chain’ free tool
On December 3, 2018, Modern Materials Handling (a monthly business journal published in the USA) reported that the U.S. Air Force Institute of Technology has created an educational tool on blockchain for supply chain management.
Air Force Institute of Technology is the graduate school for the U.S. Air Force. Their free ‘Blockchain for Supply Chain’ containes a live application, as well as tutorial videos that help defense experts to learn more about blockchain technology and its potential uses.
To design this educational application, the Institute worked together with SecureMarking, a private supply chain security company, as well as with the University of South Dakota Beacom School of Business. As the result, multi-echelon supply chain scenario was developed. According that scenario, a program manager issues digital tokens to upstream suppliers. Using blockchain techlology, tokens are transferred from one firm to the next. Simultaneously, physical products move along the supply chain.
The report postulates that “blockchain will revolutionize the way we think about designing and operating the digital infrastructure for future supply chains.” In particular, it can “improve transparency and increase trust across all of the tiers in a supply chain”.
Author: Alena Snezhnaya