The BlockDriven Academy Project Management guide was just released! It covers everything you need to know to get a career in project management in blockchain, from industry trends to what skills are needed. This great guide is going to be followed shortly by a Live Stream featuring Project Managers from some of the largest blockchain companies in the world. This Live Stream will take place on July 7. More details to follow!
RSVP for it here: Project Management in Blockchain: Careers & Opportunities [Expert Panel]
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Blockchain Latest News
Kvarøy Arctic, a large producer of Norwegian-farmed salmon for stores like Whole Foods, announced that it would join IBM’s blockchain-based Food Trust. Food Trust’s mission is to provide reliable data to users on its blockchain network, and thus reduce mislabeling and fraud issues for food retailers. As of June 2020, there are around 300 suppliers and buyers on the networks, including foundational members such as Walmart, Dole, and Nestlé. By joining Food Trust, Kvarøy Arctic can use permanent food records on the blockchain shared by food producers, distributors, manufacturers, and retailers to meet increased demand in seafood during COVID-19.
The Canadian government announced $252M in funding to farmers and food processors due to the necessity of food security during the pandemic. COVID-19 has expedited the need for innovations in the food supply chain. Blockchain ensures trust in the supply chain by creating incorruptible chains of transactions and thus protecting consumers from food fraud.
Unilever has announced that it will be using blockchain to tackle deforestation. By introducing transparency and traceability into its supply chain process, Unilever hopes to achieve a deforestation-free supply chain by 2023.
UNICEF’s Cryptocurrency Fund (CryptoFund) will invest 125 ETH into eight tech startups from seven different developing countries. The investees are collaborating with national governments and local businesses to help with the hardships of COVID-19 on children and youth.
Our Take
In a globalized world, intercontinental transport, redistribution, and complex supply chain webs are essential for the expansion of human capability. The examples of Kvarøy Arctic and Unilever adopting Blockchain strategies to streamline their transportation are part of a greater transformation in the supply chain space. It’s been recognized that one in three global companies are losing more than $1 million annually to supply chain disruptions. Most consumer products sold in the United States are made abroad, which makes the supply chain system vital for the success of U.S companies and for the affordability of the given product.
How can companies improve supply chain disruptions?
Two thirds of distributors don’t have full visibility of supply chains, while 40% of distributors don’t even go back to analyze the disruptions in the supply chain (because it's often not economical). Companies’ adoption of Blockchain can cover a handful of the supply chain industry’s biggest headaches. In the example of Kvarøy Arctic, adopting Blockchain to streamline its transport of seafood allows transparency. One of Blockchain’s most useful attributes is that it can function as a decentralized shared ledger. This means that under the circumstances of the supply chain, information about the status, location, and general details of the transported products is shared amongst all parties involved in the supply chain process. This guarantees transparency and unity of the complex supply chain web -- which strengthens business relationships as well as accountability.
The example of Kvarøy Arctic joining the large Blockchain IBM network as well as Unilever attacking illegal lumber trade signifies mass adoption of Blockchain across many sectors. Considering the ever-more connected trade network and its applications to managing supply chains, Blockchain will allow us to access information about our world’s largest threats and interruptions. Unilever’s strategy to identify the root of an unnoticed illegal lumber network approaches the problem much more efficiently by identifying and closing the illegal entry point of the supply chain network. Unilever has realized that the issue can be solved by cutting off the sale of illegal lumber prior to entering the supply chain network by requiring transparency of the lumber trade through crypto.
BlockDriven News
In the past week, BlockDriven Academy has written and shared articles specifying job opportunities in the Blockchain space. Blockchain-based jobs have grown at exponential amounts, and top firms have consistent vacancies for employees with crypto knowledge. A study has shown that jobs in the Blockchain space have grown more than three times faster than the next largest growing industry. It’s unequivocal growth has attracted attention from various sectors for various positions.
Writers at BlockDriven Academy have explored a handful of job positions so far:
Market Analyst
“The market research industry is no stranger to new technologies such as big data, loT, artificial intelligence, etc., but blockchain is the next big thing. Walmart, JP Morgan, IBM, and other companies around the world are exploring blockchain technology because it saves time and cost, and tightens security.”
Project Manager & Account Executives
“Project management is further enhanced by blockchain through its speed of transactions. From a financial perspective, this keeps the costs of projects lower which is beneficial to the account executives. Account executives can manage business transactions through a real-time, end-to-end view of the database. Time is further saved because blockchain eliminates the need for third-parties to validate transactions as they are recorded simultaneously across all of the copies of the ledger.”
Product Manager
“A product manager in today’s Blockchain world must guide both the production and marketing of the product. Similar to the internet in the 90’s, most people don’t understand the role Blockchain will play in our future. A product manager in this growing industry will be involved in educating the public on the product as well as the Blockchain technology behind it.”
Business Models and Marketing
“While spending money on advertising products might be the easiest way to outperform competition to help develop a company's name. Being able to come up with solutions to look at one’s own company model and find ways to find misleading data using blockchain is an inhouse solution. Once word gets out that a company was able to find ways to reach all their users, profit possibilities go up.”
This week’s news speaks to the rapidly growing Blockchain industry. Blockchain technology is being used to help solve the largest problems of today such as the COVID-19 pandemic, climate change, and illicit global networks. Examples of companies looking to Blockchain to solve these issues are Kvarøy Arctic and international organizations such as the U.N. Blockchain has come a long way. It’s fascinating to see that the technology has reached a point where it is used to find in-time solutions.
BlockDriven’s next Live Stream will discuss the exciting role of Project Management in blockchain. This Live Stream will take place on July 7. More details to follow!
RSVP for it here: Project Management in Blockchain: Careers & Opportunities [Expert Panel]
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