Blockchain in Supply Chain Financing Student: Patara Panuparb, SCM 2019 Advisors: Inma Borella, James Blayney Rice Sponsor: Krung Thai Bank Plc What are net value of implementing blockchain-based SCF solutiom? Initial Results Methodology Motivation / Background Research question Expected Contribution January 2019 Poster Session Potential monetary benefits & cost savings of blockchain in Supply chain financing - Unlock faster working capital for supplier - Reduce administration costs - Cut/reduce service fee by eliminating intermediaries - Enable cheaper and efficient supplier onboarding process - Reduce fraud/error/reconciliation costs - Reduce human costs - Reduce operating times/eliminate the bottleneck - Etc. • Supply Chain Finance (SCF) is a financial solution offered by banks to optimize suppliers’ and buyers’ working capital, lower financing costs, and improve business efficiency. • However, the current SCF process still much relies on paper documentation, inefficient processes, and costly operations. • Blockchain is a shared, decentralized, and secured data structure that may transform supply chain finance landscape. Supply Chain Finance Blockchain ü Security ü Immutability ü Traceability ü Efficiency ü The first academic work to quantify cost and benefits of blockchain-based SCF solutions ü Provide quantitative insights for involved parties, such as suppliers, buyers, and banks, for making decision about adoption of blockchain-based SCF solution Let’s adopt blockchain to our supply chain financing system ! Hmm… is it really cost-effective ? Simpson A (The Buyer) Simpson B (The Supplier) Literature review & Interview with practitioners Map out the SCF processes in 3 scenarios Develop ‘Cost-benefit Model’ Four scenarios of blockchain adoption 1. Traditional SCF Solution 2. Blockchain-based SCF using smart contract 3. Blockchain-based SCF using IoT & Blockchain platform
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Blockchain in Supply Chain FinancingStudent: Patara Panuparb, SCM 2019Advisors: Inma Borella, James Blayney RiceSponsor: Krung Thai Bank Plc
What are net value of implementing blockchain-based SCF solutiom?
Initial Results
Methodology
Motivation / Background
Research question
Expected Contribution
January 2019 Poster Session
Potential monetary benefits & cost savings of blockchain in Supply chain financing - Unlock faster working capital for supplier- Reduce administration costs- Cut/reduce service fee by eliminating intermediaries- Enable cheaper and efficient supplier onboarding process- Reduce fraud/error/reconciliation costs - Reduce human costs- Reduce operating times/eliminate the bottleneck- Etc.
• Supply Chain Finance (SCF) is a financial solution offered by banks to optimize suppliers’ and buyers’ working capital, lower financing costs, and improve business efficiency.
• However, the current SCF process still much relies on paper documentation, inefficient processes, and costly operations.
• Blockchain is a shared, decentralized, and secured data structure that may transform supply chain finance landscape.
Supply Chain Finance Blockchain
üSecurityü ImmutabilityüTraceabilityüEfficiency
ü The first academic work to quantify cost and benefits of blockchain-based SCF solutions
ü Provide quantitative insights for involved parties, such as suppliers, buyers, and banks, for making decision about adoption of blockchain-based SCF solution
Let’s adopt blockchain to our supply chain financing system !
Hmm… is it really cost-effective ?
Simpson A(The Buyer)
Simpson B(The Supplier)
Literature review & Interview with practitioners
Map out the SCF processes in 3 scenarios
Develop ‘Cost-benefit Model’
Four scenarios of blockchain adoption1. Traditional SCF Solution2. Blockchain-based SCF using smart contract3. Blockchain-based SCF using IoT & Blockchain platform
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