Search Results: bitcoin (4)

We had mentioned the introduction of alternative mechanisms of trade and specifically bitcoins in a previous blog (Read it here). They have been in the headlines recently and you should be aware of bitcoins and their impact. In July 2010, a bitcoin was worth about 1 cent – a few days ago, it was valued as high as $147 and the total value of all bitcoins has exceeded a billion dollars!! It is now being compared to the historic tulip bubble in Holland.

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I’m sure you’ve all been hearing the hype about Bitcoin and Ethereum etc. but have you been ignoring the underlying technology – Blockchain?  While labels like disruptive technology are thrown about too often, Blockchain is certainly deserving of that label and its impact on Supply Chain and Procurement…

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I will let you think about that and come up with an answer or you can contact me for the correct answer (and yes, there is a correct answer!). Long time readers will remember that we published some projections at the beginning of 2012 (here and here) and I will leave it up to you to test them. Those projections were primarily based on Marian Salzman’s work, stay tuned for the 2013 projections, but one of them is that traditional economies are going alternative. If that is true, what impact will that have on the Sourcing/Supply Chain communities?

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