Lecture for Logistics Industry Professionals..

I had the good opportunity to talk to logistics professionals and practitioners from Bangalore on Friday 22 Feb 2019 at Koramangala office of Blowhorn near Forum Mall.

The meeting started at 11.30 AM with about 20 industry professionals in attendance.  I gave the first talk for about an hour. The topic was on the Challenges for the Digitised Supply Chains of the future. (click here for the presentation)

How Industry 4.0 would impact us ..

Quite learned and informed, the young age group professionals  initially got to understand the finer difference between digitised and digital Supply Chains. It was good handling the operations challenges and solutions effected during Industry 1.0, 2.0 and presently what are the challenges in Industry 3.0.  While mechanisation started during Industry 1.0, automatic functioning (with feedforward actions) started during Industry 2.0 and we are now with automated machines (with the complete feedback loop). 

Click here for a Forbes article explaining the technologies and basics of industry 4.0 ..

The foundational technology of TCP/IP brought great economic value to society by reducing he cost of connections. The foundational technology of Blockchain is set to bring great economic value to society by lowering the cost of transactions ( and in the process increasing the integrity of transactions and eliminating the middle men including retail stores, banks, educational institutions). Customers will directly be interacting with the service providers . 

A transaction can be cash, land, material, service and so on ..

Clcik here for an Economist article on Blockchain .. 

We deliberated on what changes Industry 4.0 would bring about which the logistics community of Bangalore should be aware of and how to be prepared to handle the SC disruptions to be brought about by it.

The session went on well. Even though I wanted the logistics professionals to understand the impact the foundational technology of Blockchains would bring about to the industry, due to lack of time, we could just touch the periphery.  Hoping to be able to interact with them in detail on this topic in the future.

We also discussed the "Open Source nature" of great innovations and technologies. Just as TCP/IP was made open source and released for the world, the technology of Blockchains is also in the open source domain and will influence how the world is going to get impacted by Industry 4.0.

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