Supply Chain Everywhere

In the last couple of weeks our pilot discussions moved to supply chains. The bank consortiums are turning the financial use cases further away from breakthrough cost reductions through disintermediation to moderate efficiencies and better security through a better payment rail. It is possible that the future settlement systems will be more secure but unlikely to bring about the 10-100x cost savings bitcoin can.

In the meantime our partners and customers are discussing more and more supply chain use cases. Trade credit, letter of credit, transportation tracking and product provenance (knowing the source) are all great use cases with enormous theoretical cost savings. Global trade is so complex and inefficient – we have high hopes for disruption. Especially because it has less of the regulatory and political complexities than payments.

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