Blockchain Technology for supply chains with Lachlan McDonald
- What are common problems you see across different industries?
- How do you solve a problem? What do you look for?
- What are key challenges that the mining industry has with its supply chain?
- How has the increasing pace of change and technology impacted or disrupted your clients?
- What are the common traits of leaders?
Built on the Ethereum blockchain with smart contract technology, the Move app is simple, powerful and engineered to scale. Trial runs have forecasted a 20% savings compared to legacy logistics technology.
The distributed ledgers, immutable records, and decentralised access offered by blockchain renders the technology an ideal catalyst for evolution of global supply chain models. MOVA leverages the Ethereum blockchain to link producers and shipping providers with automated Smart Contracts, track goods real-time with MOVA GPS, and exact instant payments with built in incentivisation mechanisms.
Our vision is to make every truck on the road more efficient, increasing competition and decreasing carbon footprint. A half-filled truck is not good for the customer, the vendor, or the environment. The Movement Ecosystem will provide the global platform to fill that truck by linking producers, movers, retailers and consumers to access and auction cost effective logistics capacity and real world performance data to drive businesses forward.
Our growth strategy is simple. The MOVA Platform is free to access, and generates real world savings for our customers. MOVA charges a fee for each transaction that is a fraction of the measurable cash benefit our customers receive.
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