Blockchain: A New Solution for Supply Integrity

Case Study Summary by Xin WangXin XuMin Pan

In 2016, blockchain, the technological innovation behind the cryptocurrency bitcoin, was gaining traction as companies began to integrate blockchain-based technology into their existing business models. While blockchain technology was still in its infancy, it could potentially transform the US$40 trillion global supply-chain industry.

Ultimately, the emergence of blockchain would challenge market positioning in established businesses. Some advantages would become obsolete with the introduction of blockchain into the supply-chain network.
* How would vertically integrated companies compete with multiple participants that specialized in a particular task linked by blockchain?
* Would the key to future businesses be providing value-added services rather than seeking information asymmetry in the market?
* What kinds of firms could leverage this technology to better position their brands and value creation?

In 2014, blockchain, the technological innovation behind the cryptocurrency bitcoin, was beginning to gain traction as companies began integrating blockchain-based technology into their existing business models. Blockchain had the potential to transform the US$40 trillion2 global supply chain industry, which faced challenges from an increasing number of participants, toughening international regulations, and expanding geographical coverage.

Supply chain integrity troubled people,

Mastering Bitcoin

Mastering Bitcoin

Unlocking Digital Cryptocurrencies

Andreas M. Antonopoulos

Mastering Bitcoin (2015) by Andreas Antonopoulos is a rigorous introduction to the technologies and capabilities of the blockchain currency known as bitcoin.

Bitcoin is a cryptographic currency…

Mastering Bitcoin Overview

Mastering Bitcoin (2015) by Andreas Antonopoulos is a rigorous introduction to the technologies and capabilities of the blockchain currency known as bitcoin.

Bitcoin is a cryptographic currency. Cryptocurrencies provide a method for exchanging value digitally, using a transaction ledger that network participants collaborate to maintain. The bitcoin network records transactions and stores value in the public ledger; it displays a record of every transaction in which the bitcoin being exchanged has ever been used.

A bitcoin can be traded for national currencies or traded between bitcoin user accounts. Different types of software are available for interfacing with the bitcoin network. Some are developed by individual users; others are open source. These programs offer varying levels of control for user nodes in the network. Users set up digital “wallets” that use public and private keys to spend and track their funds.

New transactions are added to the public ledger as part of a new block every 10 minutes.

Cryptoassets

Cryptoassets Photo by MILKOVÍ

The Innovative Investor’s Guide to Bitcoin and Beyond

Chris Burniske and Jack Tatar

Chris Burniske and Jack Tatar’s Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond (2017) is a handbook for people who are curious about investing in digital financial instruments. Cryptoassets include digital currencies, such as Bitcoin, along with a range of other investment vehicles, many of which are not currencies at all…

Cryptoassets Overview

Chris Burniske and Jack Tatar’s Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond (2017) is a handbook for people who are curious about investing in digital financial instruments. Cryptoassets include digital currencies, such as Bitcoin, along with a range of other investment vehicles, many of which are not currencies at all. The book explains what cryptoassets are, why people might want to invest in them, and how to do so.

Cryptoassets have become a hot topic in recent years. While many investors are still unsure about them, they have the potential to be a sound investment. But since cryptoassets are so new, people who use them are not just investors but innovators.

The blockchain is fundamental to all cryptoassets.

Blockchain Revolution

How the Technology Behind Bitcoin Is Changing Money, Business, and the World

Don Tapscott and Alex Tapscott

Blockchain Revolution (2016) by Don Tapscott and Alex Tapscott describes the potential for blockchain systems to change the way that governments, banks, corporations, and private citizens manage everything from money to personal health data.

Blockchain systems are based on writings attributed to Satoshi Nakamoto, which is the pseudonym of an anonymous technologist…

Blockchain Overview

Blockchain Revolution (2016) by Don Tapscott and Alex Tapscott describes the potential for blockchain systems to change the way that governments, banks, corporations, and private citizens manage everything from money to personal health data.

Blockchain systems are based on writings attributed to Satoshi Nakamoto, which is the pseudonym of an anonymous technologist. A blockchain system is one in which individuals who engage in a transaction broadcast data about it to a network. Users participate by undertaking a process called mining, which involves collecting transactions in progress and attempting to compile them into a block of data in a way specified by the network. Each block contains data about the previous block, so that all blocks of data are “chained” together.

Bitcoin: La Era de las Divisas Digitales

Bitcoin: La Era de las Divisas Digitales

La era de divisas digitales ofrece un resumen de la historia y el carácter de Bitcoin. Explora la definición del “dinero” y explica el impacto dramático que las divisas digitales como Bitcoin tendrán en nuestra economía y el mundo entero.

¿Quién debe leer este libro?

  • Cualquier persona que quiere saber cómo funciona Bitcoin
  • Cualquier persona que tiene curiosidad sobre el futuro del dinero

Sobre los Autores

Paul Vigna y Michael J. Casey son periodistas en el Wall Street Journal. Vigna también es presentador de MoneyBeat, y Casey es el autor de Che’s Afterlife y The Unfair Trade, además de ser comentarista en la BBC.

Aprende la historia reales detrás de Bitcoin y cómo funciona.

Si lo escuchaste en las noticias, en línea o de un amigo que asegura que es la mejor inversión a futuro, probablemente ya sepas que es un Bitcoin. Es la moneda digital más mencionada en conversaciones por todos lados: desde gobierno y Wall Street hasta las salas de chat.

¿Cómo funciona esta moneda sin papel moneda? ¿Cómo sabes si la puedes confiar que tiene valor?