Will Blockchain replace your ERP Software?
Oracle, Bumble Bee, the Impossible Burger, and Mars' Seeds of Change Accelerator. DRINKS does ERP.
Will Blockchain replace your ERP software?
On a frequent basis, I see more and more “experts” tout the virtues of Blockchain technology. Blockchain is currently used to support a variety of transactions including banking, contracts, and supply-chain, with some even suggesting that it will eventually be used ensure the integrity of our voting process!
But will Blockchain be the next evolution of Enterprise Resource Planning (ERP)? Of course! We will be able to share data securely and have a single system of record that is transparent, able to be authenticated, and auditable. For example, food companies will be able to have a common set of records with their suppliers which will be trusted and reliable.
Just as the on-premise legacy culture is adapting and accepting Cloud ERP, innovation in building Blockchain business processes will be the next step in our ERP evolution. The future solutions will be exciting, confusing, and initially complex to integrate.
As always, your thoughts and comments are both welcome and strongly encouraged. Just CLICK HERE.
Recent Stories of Note
Oracle Accelerates Adoption of Enterprise Blockchain Worldwide
While blockchain can greatly streamline many existing processes surrounding supply chain, identity, cross-border payments, and fraud detection, businesses have struggled to implement blockchain networks within their existing ecosystems. One company, Circulor, uses blockchain to track conflict minerals from their origin at the mines to processing and use in electronic components to ensure ethical sourcing of raw materials.
Read more . Yahoo Finance
Bumble Bee Foods tracks fresh tuna using blockchain technology
Seafood company Bumble Bee Foods has started using blockchain technology to track the journey of yellowfin tuna, from Indonesian waters to store shelves.
Using technology from software firm SAP, consumers can access the origin and history of Natural Blue yellowfin tuna – which is produced by Bumble Bee Foods’ subsidiary Anova – by using smartphones to scan a QR code on the product package.
Read more . FoodBev Media
Triton woos plant-based meat makers with Non GMO source of heme, the secret sauce in the Impossible Burger
Triton Algae Innovations - a San Diego-based firm building a production platform for food proteins from algae - says it can produce heme (the red, meaty-tasting star ingredient in the Impossible Burger) without using genetic engineering, generating significant interest from plant-based meat brands seeking a Non GMO positioning.
Read more . Food Navigator
Investing in the Future of Food: Mars’ new Seeds of Change Accelerator seeks entrepreneurs who share its vision for ‘better food today, better world tomorrow’
Following the lead of many other established food & beverage players, Mars, Incorporated is launching a new accelerator to help early stage food-focused companies fast-track growth in exchange for access to the energy and ground-level market insights that is helping many new entrepreneurs succeed in the space.
Read more . Food Navigator
RJMC Guides DRINKS to ERP Go-Live
Wine e-Commerce Company
RJMC knows wine! www.RJMC.net
DRINKS.com is one of the leading e-commerce wine sites enjoying tremendous growth. RJMC was engaged to manage the implementation of DRINKS.com transition from a legacy system to Oracle Netsuite.
The project was completed successfully including integration with a customized on-line system and third-party warehouses. RJMC led the DRINKS.com Team providing just-in-time Project Management to guide to a successful ERP implementation with Oracle NetSuite.
See More . www.RJMC.net
Oracle NetSuite SuiteWorld is the place to learn about Cloud ERP and partner products. Taking place in Las Vegas for three days with sessions led by product experts . Learn, explore, and connect.
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Rubenstein / Justman Management Consultants (RJMC) provides Project Management for mission-critical projects in Information Technology and Operations Improvement for middle-market firms focusing on ERP solutions supporting Systems Assessments, Technology Roadmaps, Systems Selection, Implementation, and Operational excellence. As the Project Manager, we guide companies to transform operations and team cohesiveness to achieve relevant and measurable results.
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