Blockchain and The Final Mile Presenter: Shankhri Balaji
My Background • Economics & Supply Chain • B2B marketing & consulting for networking products and VR/AR • Product workshops for end-users • Currently leading Fr8 Network’s marketing & community efforts
I think I’ve heard of Blockchain… • The Silk Road • Satoshi Nakamoto – The Bitcoin Whitepaper • Media & trends in the market today • Beyond Bitcoin as a disruptive technology
What is Blockchain? A chain of blocks
What are “blocks”?
Some Use Cases
What is an ICO? • New age crowdfunding • How is it different from IPO • How do companies use an ICO? • Tokens vs. Coins
Global Logistics Every year, millions of competing entities across the supply chain rely on an intricate fleet of trucks, ships, planes and trains to transport approximately 92 billion tons of physical goods. By 2023, the global logistics industry will be valued at $15.5 trillion. Source: Transparency Market Research Report
The Global Logistics Problem Broken Down… • Redundancy & Reconciliation • Low Standards Adoption • Limited Data Transparency • Poor Incentive Alignment • Price Manipulation • Complex, Inefficiency Tracking & Coordination • High Risk of Theft & Fraud • Environmental Impact
Poll: Which of these problems most negatively affects your business or your role? • Redundancy & Reconciliation • Low Standards Adoption • Limited Data Transparency • Poor Incentive Alignment • Price Manipulation • Complex, Inefficiency Tracking & Coordination • High Risk of Theft & Fraud • Environmental Impact
What is the Final Mile? The “Final Mile” is an essential component in every full scale shipping operation. From consumer goods to hazardous materials, it represents the final leg of the journey as well as the key interaction with the end-user or costumer.
How does the Final Mile affect businesses? • Cornerstone to driving growth & profitability • Customer experience moved into LM and therefore ratings & reviews • Retailers & Logistics partners are increasingly shouldering the cost of delivery
Final Mile Challenges • Urban Delivery • International & Rural Delivery • Driver Shortages • Capacity Crunch • Customer Expectations • Assembly • Specialized Installation • Economies of Scale
Final Mile: Areas For Improvement • Minimizing Cost • Ensuring Transparency • Increasing Efficiency • Making Delivery Frictionless • Improving Infrastructure
Blockchain Solutions • Visibility & Tracking • Provenance • Trustless Record Keeping • Immutable • Data Security • Data Management • Settlement Services • Insurance • And more…
Why do end-users care? • Speed & visibility at every stage • Increased attention to provenance and sourcing • Service that is personalized, efficient and convenient • Shipping pricing!!! • Omni-channel solutions involve the customer
The Fr8 Protocol A standardized logistics protocol layer that enables the secure, compliant and efficient management & development of digital applications (dApps)
Blockchain + Industry 4.0 • Blockchain works best in tandem with other disruptive technologies
Other Solutions • Drones • Click & Collect • Dobby: A flying selfie drone – tracks • Doddle: offers software, training, facial expressions comms & analytic modules • Self-Driving Cars • Last-Mile Storage • Mercedes’ ‘Vision Van’: an electric, • Coles: multi-compartment lockers self-driving mini-warehouse & • Kiosks & Small-Form Outlets mothership • Argos: contactless payment kiosks • Delivery Robots and pop-up shops • Starship Technologies ‘Pavement • Uber for Delivery Droid’: self -driving delivery robot for takeaway meals • Amazon Flex & Uber Freight • Stock Segways • Segway- powered ‘4D Space Genius’ provides daily audits and exception reporting
Challenges Suggestions • Don’t know where to begin • Start anywhere • Multitude of people, courses, • Hiring technical talent or training videos, reports, companies, etc. existing staff • Partnerships, Dev Shops, • Educating team members on Consortia, Meetups how to use the technology • Build with users in mind • Capital for investing in research • Understand your blockchain and development users and business problems • Not an overnight solution • Don’t get left behind • Technology evolving at a fast • Build a sustainable product, past, hard to keep up with it culture, and team
Where to get started? • Industry Reports (i.e. IBM, DHL, Accenture, etc.) • Educate yourselves and your companies • Talk to your technical team • What are the main challenges your business & employees face? • End-user and partner research • Reach out to multiple solutions providers to understand the onboarding processes and requirements for beginning research and development • Who do you trust? Who’s an expert?
Contact Info Shankhri Balaji shankhri@fr8.network | @shankhri linkedin.com/in/Shankhri Website: fr8.network Social Media: @fr8network Telegram:
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