how they develop and move from the analog way of doing business to the digital way of doing business , with blockchain at its heart .
“ Then it goes a step further to : ‘ What is my purpose as a business and how do I guarantee the purpose , and ensure that it ’ s actually finding its way into supply chains ?’
“ An example would be how to guarantee that items being bought in a supply chain are free from parts of the supply chain which use slave labour or child labour . Or , guaranteeing to customers that this supply chain utilises diversity , minority-owned business or comes from supporting emerging countries . “ How do I take that purpose of the company and guarantee to the market that when you buy into it , it actually has a supply chain which guarantees that efficacy ? That is what blockchain also brings .
“ So , when you buy something , you know the money is safe . You know who the seller is , you can
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guarantee the thing that you know you were buying is indeed what arrives , and you can guarantee it was made ethically and comes from an ethical supply chain .
“ If you start to apply that thinking to the marketplace , then the scope of potential is huge .”
The year Bitcoin ’ s invention was published by Satoshi Nakamoto
SAP Ariba is already working with a number of companies looking at how the technology is going to improve their business and improve their supply chains . As well as that , the company hopes to launch sourcing intelligence and contract intelligence solutions in the not-too-distant future .
Devlin is passionate about technology , and it certainly ties in with the company ’ s philosophy of “ enabling procurement with a purpose ”, but does the Scotsman think that it will make money ?
“ My gut feeling tells me yes ,”
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