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Friday, September 14 • 2:25pm - 2:50pm
PRO TALK: Digitizing the Supply Chain Via Blockchain

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Each year, $25 trillion in business transactions take place in the global supply chain, but because of supply-chain inefficiencies--including overstocks, out-of-stocks, supply-chain interruptions, and lost sales opportunities--nearly $4.7 trillion of this spending is effectively wasted, imposing an enormous burden on buyers and sellers alike. One reason for these high, needless costs and lost revenue is the fact that only 27% of global B2B transactions are digitized. This session will demonstrate that, by using blockchain and smart contracts, global supply chains can be made much more efficient, not only eliminating unnecessary costs, but providing significant monetary benefits to both buyers and sellers in all parts of the world.

avatar for Payson Johnston

Payson Johnston

Chief of Staff, Crowdz
Payson Johnston has 20 years’ senior-level supply-chain management experience, serving most recently as Senior Manager for Global Supplier Management for Cisco. Among other responsibilities, in this position, he developed and drove the commodity strategies for five global supply... Read More →

Friday September 14, 2018 2:25pm - 2:50pm PDT
Workshop Room 1