Blockchain – Distributed Ledger Technology (DLT)
Enterprise blockchain solutions - paving the way to stable, trusted, distributed business ecosystems
How can enterprise blockchain and distributed ledger technology (DLT) fill the gaps and expand business capabilities? Simply put - integration, specifically the integration of trust into data and transaction processes with a cryptographically verifiable digital ledger. Increasing trust in data drastically raises its value to the business.
Blockchain and distributed ledger technology (DLT) are fundamentally built on the concept of decentralization across different systems, locations, and people (nodes) in order to deliver trust, transparency and security. As data is dynamic, smart contracts and chaincode are used to establish the rules for data formatting, who can modify the data and in which circumstances.
This inherent foundation of trust enables businesses to disrupt, reimagine and revolutionize how they transact internally, among each other, and with their customers using data from a myriad of sources.
In the face of an unpredictable global economy and volatile supply chains, a secure, trusted and connected business ecosystem offers a wide range of benefits:
Reduced Risk - replaced by transparency.
*75% of organizations cite increased transparency as a key driver for the adoption of DLT
Unlocked Value - new business models, ways of working and models of trust.
*68% of business leaders view the ability to build new revenue streams and business models as a key driver behind the use of DLT
Improved Efficiency - reimagined business models reduce/eliminate friction.
*66% of organizations cite increased operational efficiency as a key driver behind DLT adoption
Increased Integrity - safer, improved ecosystems.
*61% of business leaders cite data integrity as a key driver behind their plans for DLT adoption
* From Forrester Report - Taking The Pulse Of Enterprise Blockchain
AB InBev - Beer production meets 21st century blockchain technology
Fujitsu’s multidisciplinary approach proved vital to AB InBev when integrating blockchain with the company’s existing SAP and supply chain management. AB InBev now has full transparency and traceability of its barley supply chain from consumer to the farm for its Leffe brands. Pilot success represents a milestone in building the digital capability to help achieve AB InBev’s environmental and sustainability goals, and it gives consumers transparency into what goes into making their beer. As stated in its sustainability goals, AB InBev has pledged that by 2025, 100% of its direct farmers will be skilled, connected, and financially empowered. Supporting the traceability of the indirect supply chain with this pilot is a big step towards making those ambitions a reality.
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Track and Trust – DLT Supply Chain Transparency and Validation
Sophisticated global supply chains have facilitated the rapid rise of complex markets and ecosystems that involve multiple agreements. Where there is a lack of shared data and an overreliance on micro-agreements, it is too easy for the links of the chain to be broken or corrupted. Discover how the Track and Trust digital ledger technology helps organizations to reimagine security, traceability and finality in their everyday operations.
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