Happy (almost) End of the Semester. I am happy to share a guest blog post by two undergraduate researchers, Mara and Jake, about their adventures into blockchain technology.
I’m hoping to get more undergraduate students blogging about their research interests, and so added them under the people heading. Click here for Mara and Jake’s blog post about blockchain technology for supply chain applications.
I’m super excited about this technology and think it has great potential in supply chains. Specifically, I believe supply chains and logistics are becoming more democratized, which results in a need for decentralized and distributed decision making. Another area of my research has been in improving supply chain visibility. In theory, visibility should be solved by now, but I have a number of data points that show in practice it isn’t. My hypothesis for this discrepancy is that a top-down approach to visibility is hard to achieve in practice. This is because to have visibility into your supply chain requires decentralized entities to agree to connect data bases and systems, share data, etc., and this is a challenging management and technology problem. One promising technology to improve visibility is blockchain technology, which uses decentralized protocols capturing and validating information transactions between multiple users via a distributed ledger system. My hope is to report more on this research in future posts.