[P2P-F] eco-systemic supply chains are on their way

Wed Aug 8 04:38:36 CEST 2018

looks interesting, thanks!!

On Tue, Aug 7, 2018 at 9:18 PM Bob Haugen <bob.haugen at gmail.com> wrote:

> I'm wondering how these blockchain-integrated supply chains will
> escape the curse of competitive value capture:
>
> https://www.academia.edu/10252910/The_uneasy_transition_from_supply_chains_to_ecosystems_The_value-creation_value-capture_dilemma
>
> On Sat, Aug 4, 2018 at 2:27 AM, Michel Bauwens <michelsub2004 at gmail.com>
> wrote:
> > I hope this can impress some people that are still on the sidelines of
> this
> > major earthquake, to understand the significance of what is occuring
> right
> > now, a fundamental re-ordering of the capitalist economy under new
> models:
> >
> > first of all, see this article, that shows successfull blockchain trials
> for
> > supply chains,
> >
> https://which-50.com/commbank-and-logistics-giants-complete-blockchain-trade-from-regional-victoria-to-germany/
> ?
> >
> > and what it all means in terms of industrial structures see the article
> > quoted below,
> >
> > but in fact, I don't think their analysis goes far enough, because in the
> > ethereum networks, corporates are already subsumed to a eco-system
> > consisting not just of companies, but of a multitude of other players,
> > including lots of single individuals:
> >
> > QUOTE
> >
> > Blockchain-Based Corporate V-Networks
> >
> > = "V-form networks consist of a number of fully independent companies
> that
> > effectively operate as one vertically integrated company through
> blockchain
> > technology". [1]
> >
> >
> > Contents
> >
> >  [hide]
> >
> > 1 Contextual Citation
> > 2 Description
> > 3 Example
> >
> > 3.1 The IBM and Maersk TradeTech
> >
> > Contextual Citation[edit]
> >
> > "A blockchain economy will have more, smaller firms linked together by
> > protocols. ... It’s worth pointing out that these networks are inherently
> > global, and any regulatory questions global as well."
> >
> > - Chris Berg, Sinclair Davidson and Jason Potts [2]
> >
> >
> > Description[edit]
> >
> > "The Nobel laureate Oliver Williamson distinguishes between U-form
> companies
> > and M-form companies.
> >
> > Traditional U-form companies are unitary — their units are divided by
> > business process (for instance, accounting, human resources, component
> > manufacturing, assembly) and are not treated as separate cost centres.
> >
> > M-form companies are multidivisional — their units are self-contained
> > divisions that report profits and losses to an umbrella central body.
> > They’re fully owned by a parent company, but they tend to have their own
> > business services (accounting and human resources departments, for
> instance)
> > and even market relationships.
> >
> > But now we see a new corporate form — the V-form network — made possible
> > because thanks to the application of distributed ledger technology to
> supply
> > chain problems.
> >
> > These V-form networks consist of a number of fully independent companies
> > that effectively operate as one vertically integrated company through
> > blockchain technology, coordinated and supplied by a third party.
> >
> > This is a big change to the nature of the firm. We can already see V-form
> > networks in the real world. They date as far back as January. It is
> > surprising the economics community haven’t noticed them yet.
> >
> > ...
> >
> >
> > Blockchains can work to coordinate supply chains without the need for
> either
> > (traditional) vertical integration or regulation. The vertical
> integration
> > is outsourced to a distributed ledger. The blockchain provides the
> > managerial service that coordinates each ‘unit’ (that is, firm) in the
> > supply chain.
> >
> > Regulators in any country can deal any firm in the supply chain as if it
> was
> > a small unit of a larger, global company.
> >
> > Each firm in the supply chain get the benefits of vertical integration
> > through a network rather than a hierarchy.
> >
> >
> > ...
> >
> >
> > In the V-form network, the blockchain’s token establishes the consortium,
> > and incentivizes cooperative behaviour.
> >
> > The token also serves to move rents around the network. In this way, the
> > blockchain provides a market mechanism to solve the sort of bargaining
> > problems described by another Nobel laureate, Ronald Coase, that may
> occur
> > as the network operates.
> >
> > Outsourced vertical integration could be applied to many industries that
> are
> > now integrated. Energy firms that currently integrate the exploration,
> > production, generation, and retail of electricity might be better
> > decomposed, with blockchains and tokens taking the place of head offices.
> > The token economy, rather than energy regulators, could make decisions
> about
> > the distribution of rents around the network."
> > (
> https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814
> )
> >
> >
> > Example[edit]
> >
> > The IBM and Maersk TradeTech[edit]
> >
> > Chris Berg, Sinclair Davidson and Jason Potts:
> >
> > "Two weeks into 2018, IBM and the shipping giant Maersk announced a joint
> > venture to develop a digital supply chain management system on their
> > Hyperledger blockchain platform. Hyperledger is a private blockchain
> which
> > requires permission to access.
> >
> > In a previous Cryptoeconomics piece, we described how international
> trade is
> > an information problem. As goods are shipped around the world, they are
> > accompanied by information — really stacks of paperwork — that describe
> > their provenance, destinations, regulatory and tax liabilities and so on.
> >
> > In the IBM-Maersk system, each firm and bureaucracy in the supply
> > chain — producers, shippers, port authorities, regulators, importers,
> > retailers — will access and update a shared blockchain ledger containing
> all
> > the information needed by each organisation.
> >
> > And each organisation would have access to that information everywhere,
> > ensuring complete visibility on where goods are in the world and which
> > economic and regulatory hurdles they next need to overcome."
> > (
> https://medium.com/cryptoeconomics-australia/outsourcing-vertical-integration-introducing-the-v-form-network-78e1aa93a814
> )
> >
> >
> > --
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> >
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> >
> >
> >
> >
>

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