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RE: Cotton Coin – Enabling Value Across the Cotton Supply Chain
...single biggest visibility tool that Cotton Coin brings forth….visibility of the chain...reports which can be easily available ... improves trust through the chain a.... supply-demand schema and therefore, allows proper management of price and volatility.
I believe visibility is critical to the Cotton Coin and any true public blockchain. Allow me to add that possibly the most overlooked, and certainly the most under media covered aspect, are the logistical advantages for enterprise management.
One of my top contest entry choices :) Hope to read more of your stuff in the future.
That's correct. We are deploying blockchain solution for a photocopier company and the logistics visibility that has come through is hitherto, beyond the scope of any IT solution. So our customer is really happy. In saying so @machnbirdsparo, you have hit the nail right on its head.
Thanks for stopping by and taking time to read!
Sure @machnbirdsparo! When I am talking about logistic visibility, I am talking about all solutions like Transportation Management System from Oracle (and others) to Warehouse Management System that many other players have. Of course, with the advent of GPS visibility of vehicular movement can be captured but what you do with that information is what is not thought through. This is where lack to a certain extent comes in. Now, we can talk about tools forever as there are many to capture information from each leg of movement and storage of supply chain.
Similarly, in the photocopier company example I gave, they have everything that you can think of as far as tools and technology are concerned and yet they could not draw a map of their entire supply chain for the past so many years. Why? Because of lack of information from the vendor's end or any part of the chain. The vendor's system itself was not able to capture the desired information. For example, they could capture the progress of work on a certain component through different machines, however, it could not capture the information at the point of work being done. Why is it so important? Well, the information on the part during the machining process also has sub-processes and if that information is captured, then the photocopier company can ask the vendor to re-do the part (if found erroneous) and not wait for it to be supplied and then resend and reiterate. Save time and money for both organizations.
May I also add that the solution for the photocopier company is a production -cum-logistics solution.