President
CurrentNew Supply Chain Tokenization BlackDiamond SC, a company fairly new in this movement, is currently implementing these processes into their supply chain network. The company is spanning across several industries. These industries range from events, minerals, renewable energy to wine and spirits exc. BSC is built upon the Ethereum blockchain and can facilitate a number of transactions that pan across the various industries requirements; paying a utility bill, leasing equipment, decentralized e-commerce and much more etc. This shared infrastructure allows for vertical and horizontal integration of the portfolio companies, as well as allowing quick attainment of economies of scale.In conclusion, the integration of blockchain tokenization is slowly but surely infiltrating into industries that have been around for decades, if not centuries. This is indeed a leap forward in terms of technology, but also in establishing trust and easier and more transparent supply chain management. We are already seeing tokenization revolutionize the supply chain industry, and it is only a matter of time before it becomes the norm.In the context of trade financing, tokenization has the potential to solve many problems; among these the creation of ‘smart’ contracts, shipment tracking, and buyer confirmations. But one of the biggest problems it could solve is in freeing-up liquidity when it comes to non-liquid assets, like unpaid invoices.Late, or unpaid invoices are a huge pain point for businesses both large and small, but are especially painful for small to medium sized businesses (SMBs). The numbers back this up too, with one in five SMBs failing to survive past their first five years, citing unpaid invoices as the number one reason for failure[1]. If tokenization is all it’s cracked up to be, it could be a game-changer for these struggling SMBs.
