Justin, who regularly works with Ultra’s manufacturing and distribution clients, presented an overview of Blockchain and the impacts of this innovation as the foundation for the “true” sharing economy.
Justin shared his research in both academics and manufacturing technology consulting expertise to develop a real-world overview of disruptive innovation.
The theme of the TEDx 2019 event was “Not “What If” but “What Next” – a focus on the dreams, experiments, hopes, and questions of people working in science, government, communities, art, families, and so much more
Blockchain can be described as a decentralized, distributed ledger that drives cryptocurrencies, smart contracts, and offers manufacturing and distribution organizations the potential to support traceability, records management, supply chain automation, payment applications and other operational transactions.
Researchers note that the business value-add of Blockchain will grow to slightly more than $176B by 2025, then exceed $3.1T by 2030.
With this astounding volume of transactions comes a transformation of enterprise data.
There are significant business process improvement considerations. Blockchain delivers a near-real-time record that’s replicated among a network of business partners that is immutable in nature. The process takes information that would have previously been stored in the ERP silos of just one company and makes it available in a distributed network of records across disparate companies.
View the entire presentation above.
TEDx is a program of local, self-organized events where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized. TED is a nonprofit organization devoted to Ideas Worth Spreading. Started as a conference in California 1984, TED has grown to support those world-changing ideas with many initiatives.
About Justin Goldston
Justin Goldston, PhD, CSCP, LSSGB, PSM, PLS, is an accomplished manufacturing operations professional. He has held leadership roles at ERP vendors, while also adding his expertise in Project Management, Supply Chain Management, Lean Six Sigma and ERP at several manufacturing organizations. Justin obtained his PhD in Management, Leadership and Organizational Change; holds a Master of Professional Studies in Supply Chain Management, from Pennsylvania State University; and a Bachelor of Science in Supply Chain Management from North Carolina Agricultural and Technical State University.
With deep domain experience in the field as well as significant education, Justin has taught Supply Chain Management, Project Management and Operations Management as an Associate Professor at the undergraduate and Executive MBA levels, and has been a guest lecturer at Morgan State University and Rutgers University.
Justin is a Professional Scrum Master; a Lean Six Sigma Green Belt; and a Certified Supply Chain Professional. He has a Transportation and Logistics and Supply Chain Management from Pennsylvania State University. Justin’s book on Critical Success Factors in ERP Implementations for Small and Medium Manufacturers is available in 2019
Blockchain and Manufacturing: Learn More
There are key aspects of this new model, especially as it pertains to the manufacturing and distribution sector.
Blockchain dramatically improves supply chain transparency, security, quality, and process integrity, via a secure ledger which offers seamless integration with ERP applications.
For manufacturers and distributors, a key element to consider is that Blockchain encourages reliability between trading partners – it’s been called a “trust-based layer without middlemen.”
As an ERP consulting firm, we feel quite strongly that it pays to track new enterprise technologies and their impacts.
- Request an on demand webinar entitled Blockchain and ERP: What’s the Impact on Manufacturing and Distribution?
- View highlights of a recent webinar presentation and learn more about blockchain and ERP here.
- Contact the Ultra Team to learn more.