Technologies could benefit smaller players in a myriad of other sectors. The reduced cost of economic activity resulting from efficiency could unlock $ 1 trillion of trade that would otherwise not occur, especially in emerging economies and among small and medium-sized businesses, according to the World Economic Forum. (It would, among other things, mitigate credit risk, lower taxes and accelerate processing times at borders).
The supply chain specialists, meanwhile, have emerged as some of the most devoted proselytizers of technology. Jerry Cuomo, an IBM colleague and vice president of the blockchain development company, talks about the day he first learned about Ethereum and read Buterin's report as if it were a white light experience.
"I realized that it would change the world," he says. "I took blockchain fever, everything suddenly made sense."
Cuomo was at the time a founding member and chief technology officer of an IBM business unit with a $ 6 billion portfolio of offers focused on "middleware", software and systems that act as a bridge between different server networks and different activities. When an employee first explained Buterin's idea for the first time, Cuomo's mind immediately switched to the type of prototypical dispute he saw every day: "A supplier calls a customer and says," Hey , you did not pay me. "I will pay you when you send me the damn thing I ordered." The supplier says, "But I sent it." The shipping company says, "We delivered" .
From there, says Cuomo, it may take an average of 44 days to stabilize IBM's supply chains. "In IBM, we see tens of millions of dollars – one hundred million dollars easily – in a given supply chain, on a given day, related to these disputes, and it is accepted as a normal commercial practice."
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