The model we’ve chosen is an attempt to implement one part of a large SCM business model. Since an example of shipping processes for single items does already exist on IBM’s platform ‘DeveloperWorks’, we focused on the ability to create and place composite orders.
Many of today’s supply chain management (SCM) solutions still involve enormous amounts of manual work. The procedures required for proper record keeping often rely on manual input, which makes them slow and prone to errors. Additional terms, such as price agreements, conditions that must be strictly adhered to, as well as penalties for neglection of the latter, rely heavily on the completeness and correctness of the recorded information.
The infographic “The Paper Trail of a Shipping Container”, published by IBM, outlines the challenge to improve the management with blockchain technology, using the global container shipping industry as an example.