This project demonstrated how blockchain can be used to add trust to a complex supply chain that currently uses minimal technology. As a result of this effort, quality and trust of the product was increased significantly. This result encouraged the participants to explore enabling another key feature of blockchain, "incentivization". The project will explore how to share increased margins due to increased quality/trust with all participants that contribute to this value chain. The net result is fair income for the fishermen, potential for government grants and insurance for the protection of supply chain partner's investments.
ABOUT THE SHOW:
Our guests, Ravi Kumar and Sid Chakravarthy of StaTwig, told us about their recent project with UC Berkeley and the Government of Andhra Predesh to improve visibility, monitoring and tracking in the seafood supply chain. They walked us through how they traced the journey and temperature of seafood in tamper-proof blockchain records, they were able to demonstrate how trust, transparency and authenticity can apply to the entire supply chain.
ABOUT OUR GUESTS:
Sid Chakravarthy is Founder and CEO of StaTwig. He is an emerging technologies leader and has years of experience in architecting and developing enterprise level software application for companies such as Cisco and UBS. Sid started StaTwig in 2016 after noticing the challenges in the supply chains in the Cold Chain industry and has run several projects since then in India, Singapore and the US.
Email Sid directly: firstname.lastname@example.org
Ravi Kumar is the co-founder of StaTwig. He has many years of experience and held senior management roles in product management and marketing. Prior to StaTwig, he has worked in multiple large and small organizations including VMware, HP, Nortel Networks and Alteon Websystems.
Email Ravi directly: email@example.com
ORIGINAL AIRDATE: October 26, 2018
(Video best viewed via YouTube HERE)