A typical shipment of a product from a port in Nigeria to Brazil could take as much as 30 working days but ship usually takes a fraction of that period to make the journey . the time lapse is down to bureaucracy which is down to the number of paper work and a mountain of email exchanges involved in the supply chain in the process time is wasted while perishable products which due to globalization has found market in all parts of the world will not only loose their initial utility but also culminate in business loses for the importer. the present supply chain architecture is unwieldy wasteful and totally ineffective. imagine cutting down on these bureaucracy, for the supply of medical products it will lead to drugs being delivered in almost the specified state by the manufacturers while for good produces farm fresh agricultural products can easily transitioned from one location to the other seamlessly without loosing their quality.
Blockchain as a disruptive technology if adopted is expected to tackle and rectify most of the present identified problems in the supply chain business sector. Blockchain presently has its own limitations and those limitations are part of the reasons it's adoption by industrial players despite all the promises the technology holds is being delayed. So the question isn't whether block chain has the potential to disrupt the industry but why the adoption is seen with such degree of cynicism and distrust.where as many business leaders believe that block chain is a technological innovation that should be explored due to the he huge opportunities it holds few would actually adopt it, most would avoid it like a plague so blockchain has not solved all our problems.
So what are the factors militating against the adoption of blockchain for as research has it while majority of business executives see block chain as a technology that should be adopted only a meager 3 percent have it integrated and deployed into their business model in one way or the other. The problem of blockchain adoption ranges from lack of a clear cut regulations or non at all to low transaction rate per second and the fact that block chain appears to be wrapped in complexity, a lot of individuals will tell you that they are hampered by the technicalities around the blockchain. These and many more issues have stood in the way of a quick adoption of the blockchain despite the huge innovations the technology promises. Without these bottlenecks being tackled block chain may not become mainstream in the foreseeable future.
Can any thing be done, can block chain be the tool required to solve the problems endemic in the supply chain ecosystem, that is the question that zetochain intends to answer.
Zetochain intends to" become the world's first open standard blockchain for supply chain by empowering developers
Zetochain by creating a block chain based education community will help to bridge the gap in knowledge and skills between present day developers and block chain by creating online and offline forums where blockchain and supply chain issues will be discussed analysed and possible solutions to existing problems and concerns adduced and possibly adopted.
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