“The block chain is not a high-performance technology.” Christian Lanng, CEO of Tradeshift, a startup that deals with digital invoices, has a cautious view on the use of block chains in the supply chain. He said.
In an interview with CNBC, he pointed out the use of block chains in areas such as personal identification or authentication, but pointed out that there are too many technical challenges for the supply chain. He said that if you want to gain authenticity and know the source of the information, you need to use reliable means, and that the block chain is the best technology to realize this flow, and that it can certainly maintain integrity. The problem is that the block chain is not a high-performance technology.
There is now talk about improving supply chain performance using distributed capital technology from around the world. A prominent global company is considering implementing a block-chain-based solution for its existing infrastructure. But Cristian Lang said that optimism is premature and that the block chain is still mature and that there are obstacles such as the difficulty and cost of deploying the block chain on a large scale.
In August, IBM introduced a shipping company, Maersk, and TradeLens, a block-chain trading platform. For more information, please click here .
See a shift in supply chains after US-China trade tensions: CEO from CNBC .