December 19, 2016 | Written by: Kevin Abele
Categorized: Channel Collaboration
What do New York City, meat, and diamonds have in common? The answer: they will all be a part of our discussions on ‘Blockchain’ at this year’s National Retail Federation (NRF) show January 15-17, 2017.
Many of you may have heard of the term ‘blockchain,’ and some of you may even have read an article or two on it. Our goal at NRF 2017 this year is to get you familiar with what it is, but more importantly, how it can impact your Retail or Consumer Products day-to-day operations in cost reduction, efficiency, improved transparency, and trust.
We have had some clients ask us, “So, why should I care about blockchain?” Perhaps one answer for them is that it is different than other technologies — in that can improve trust, accountability, and security in business ecosystems of multiple organizations, which has positive impact on both you and those organizations you interact with daily.
It has the potential to vastly reduce the cost and complexity of getting things done.
Blockchain creates a single, shared transaction ledger beyond the bounds of just a single enterprise, to include all the parties in the blockchain — such as manufacturers, suppliers, distributors, banks, transportation providers, retailers, governmental agencies, and others.
IBM believes blockchain will become a significant part of many industries in the coming years. In Retail and Consumer Products, we believe it will help resolve challenges that the industry has faced in supply chain, international commerce, and others.
I encourage you to stop by our booth at NRF Retail’s Big Show, and learn more about this exciting capability. Additionally, we will have a multi-client briefing with one of our senior executive experts, Brigid McDermott (limited capacity… so sign up soon!). I encourage you to keep an eye on our NRF 2017 landing page for continued “sneak peeks” at what’s to come at the Big Event in January.
It’s time to ‘un-block’ your potential!!
This blog was originally posted on the Insights on Business for Retail blog page.