Blockchain Explained V



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Blockchain-Explained-v2.09


partners.
Benefits
1.
increased e

ciency and transparency across
the 
supply chain.
2.
risk management improved through the near real time 
update of all contracts.
Why? 


©
201
6
IBM Corporation 
23
Use Case – Smart Refrigerator
What?

Value of connected smart devices limited by 
ability to interact with business systems
How?

Blockchain to manage automated 
interactions with the external world

ordering and paying for food to arranging for 
its own software upgrades and tracking its 
warranty. 
Benefits
1.
business value from connected technology
2.
e

ciencies in network and supply chains.
3.
status transparent to all network members
Why? 


©
201
6
IBM Corporation 
24
Use Case – Open, Trusted Supply Chain
What?

Consumers demanding transparency on where and 
how their products are made. 

EU requires more information about corporate 
supply chains, with penalties for non-compliance. 
How?

Blockchain
enable safe digital transfer of property 
across the end to end supply chain.
Benefits
1.
verifiable,
preventing any party from altering 
2.
e

ciencies through greater transparency
3.
consumers can make informed purchases
4.
governments get reliable information
Why? 


©
201
6
IBM Corporation 
25

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