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Global supply chain reformsRole of Blockchain
UST Global Inc,October 2017
USTGlobal ®
Table of Contents
Introduction 3
Current Scenario and Challenges 3
The UST Global Solution 5
Global supply chain reforms Role of Blockchain I OCTOBER 2017 2Copyright © 2017 UST Global Inc
Global supply chain reforms Role of Blockchain I OCTOBER 3Copyright © 2017 UST Global Inc
IntroductionSupply chain across the globe is undergoing reforms as organizations are focusing on sustainable future.
Current Scenario and ChallengesSupply chain framework is driven by four parameters, which are directly related to theorganization’s competitiveness.
15%
63%
40%
Automation and autonomous mobile robots is a priority to 15% of the warehouse managers*
The average inventory accuracy threshold for retail services is only 63% **
40% of the industries are not usingmechanization to streamline the supply chain process, but by 2018, this will reduce to 17% ***
DemandProfile
Cost ofassets tototal cost
MarketMediation
Cost
ProductLifecycle
Supply chain design must focus onimproving the shortcomings of thecurrent system:
Value transfer along with information transfer in supply chains
Decentralized immutable systems are preferred as available information increases
Consumers are expectingtransparency from brands and services
Supply chains demands inherent security, transparency andauthenticity
Marketing strategies and supply chain process help their brands justify the cost of sourced goods
Copyright © 2017 UST Global Inc Global supply chain reforms Role of Blockchain I OCTOBER 2017 4
For any manufacturer/retailer, there are certain challenges in managing supply chains:
Block chain solutions like smart contracts, distributed ledgers and cryptographic records can be effectively engaged in supply chain processes.
2.5% of all global imports are counterfeit products (1)
17% of the companies across the globe have experienced some sort of fraudulent activity (2)
$30 billion worth cargo is lost from various sections of supply chain per year (3)
$60 billion losses due to insurance frauds in US and Europe alone (4)
US economy loses $58 billion per annum due to copyright infringements (5)
(1) OECD/ EU’s Intellectual Property Office
(2) Global fraud report by Kroll (2016)
(3) Federal Bureau of Investigation (2013-14)
(4) Industry week blog (Jan 2017)
(5) Intellectual Property Theft: An Economic Antagonist, September 7, 2011
CounterfeitProducts
StolenMerchandise
Fraudulenttransactions
InsuranceProtection
IP RightsManagement
WarehouseManagement
Trustworthinessof products
Tracking the originand moment of
products
Producttransparency
Counterfeitprevention
Tracing stolenmerchandize
Eliminate fradulenttransactions
Copyright © 2017 UST Global Inc
At UST Global, we focused on building a blockchain enabled service line andintroduced EasyBC™ tool to the world.
EasyBC™ paved the way for UST’s first blockchain enabled asset tracking tool – Smart Tracker™.
Global supply chain reforms Role of Blockchain I OCTOBER 2017 5
The UST Global Solution
EasyBC™ is a suite of tools designed by UST, that facilitates the adoption and use of blockchain technology for our customers, avoiding complexities.
With EasyBC™ on board, coding, deployment and interaction with Smart Contracts can be done in a simplified manner via automation on a web based interface.
Using Smart Tracker™, we can effectively track a product during its entire lifecycle, thereby eliminating fraudulent activities.
With Big data analytics incorporated into this solution, it is possible to perform exhaustive tracking and data analysis.
UST Global® is a fast-growing digital technology company that provides advanced computing and
digital services to large private and public enterprises around the world. Driven by a larger purpose of
Transforming Lives and the philosophy of “fewer Clients, more Attention”, we bring in the
entrepreneurial spirit that seeks the fastest path to value in today’s digital economy. Our innovative
technology services and pioneering social programs make us stand apart.
UST Global is headquartered in Aliso Viejo, California and operates in 21 countries. Our clients include
Fortune 500 companies in Banking and Financial Services, Healthcare, Insurance, Retail, High
Technology, Manufacturing, Shipping, and Telecom. UST Global believes in building long-lasting,
strategic business relationships through agile and client-centric global engagement models that
combine local experts and resources with cost, scale, and quality advantages of global operations.
For more information, please visit: www.ust-global.com
ABOUT UST GLOBAL®
Corporate Office: UST Global ®
5 Polaris Way, Second Floor, Aliso Viejo, CA 92656Tel: (949) 716-8757 Fax: (949) 716-8396
www.ust-global.comFor further information contact: [email protected]
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USTGlobal ®