Blockchain for Enhanced Supply Chain Transparency and Efficiency.pptx

Blockchain for Enhanced Supply Chain Transparency and Efficiency

1. Blockchain for Enhanced Supply Chain Transparency and Efficiency in Coal Logistics Leveraging Distributed Ledger Technology for a Smarter Supply Chain- Image: a graphic illustrating the intersection of blockchain and supply chain management By- Group 7 Coal India Limited

2. Inefficient Supply Chain Management in Coal Logistics - Lack of transparency and trust among stakeholders Inaccurate tracking and monitoring - Delays and inefficiencies in transportation and delivery High costs and inefficiencies due to manual processes Limited visibility and control for stakeholders Inability to track coal quality and origin - Inefficient payment and settlement processes

3. Introduction to Blockchain What is Blockchain ?- A distributed digital ledger that records transactions across a network of computers Key features: - Decentralization: no single point of control Immutability: tamper-proof and unalterable Transparency: all transactions are publicly visible Consensus: network agreement on transaction validity Smart contracts: self-executing contracts with automated rules

4. Benefits of Blockchain in Supply Chain- Enhancing Supply Chain Transparency and Efficiency Real-time tracking and monitoring Improved accuracy and reduced errors Increased trust and collaboration among stakeholders Automated processes and reduced manual intervention Enhanced security and reduced risk of fraud Improved inventory management and reduced waste Increased supply chain visibility and control Better decision-making with real-time data

5. Tracking Coal Origin, Quality, and Movement Coal mine to port tracking: monitoring coal movement and quality Real-time monitoring and updates: enabling prompt decision-making Smart contracts: automating payment and settlement processes Quality control and certification: ensuring compliance with standards - Reduced risk of contamination and adulteration - Improved coal quality and reduced waste - Increased efficiency in transportation and delivery

6. Real-World Applications of Blockchain in Coal Logistics Coal mine to port tracking: monitoring coal movement and quality Quality control and certification: ensuring compliance with standards - Payment and settlement automation: streamlining financial processes - Supply chain financing: enabling access to capital for suppliers Inventory management: optimizing coal storage and handling - Coal trading and brokerage: enabling secure and transparent transactions - Regulatory compliance: ensuring adherence to laws and regulations

7. Phased Rollout and Integration Stakeholder engagement and education: building awareness and support Blockchain platform selection and customization: choosing the right solution Phased rollout: starting with a pilot project and scaling up Integration with existing systems: ensuring seamless interaction Training and support: ensuring successful adoption - Monitoring and evaluation: assessing performance and impact

8. Overcoming Hurdles in Blockchain Adoption Scalability and interoperability: ensuring seamless interaction with existing systems Regulatory frameworks and compliance: navigating legal and regulatory requirements Change management and adoption: addressing resistance to new technology Security and privacy concerns: ensuring data protection and security - Limited understanding and expertise: addressing knowledge gaps - High upfront costs: investing in infrastructure and development - Integration with existing infrastructure: ensuring compatibility

9. Transforming Coal Logistics with Blockchain Future outlook: potential for widespread adoption and innovation - Call to action: encouraging stakeholders to explore blockchain solutions - Final thoughts: emphasizing the importance of collaboration and adoption

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