Master Supply Chain Finance & Blockchain. Learn how to assess, sell and implement Supply Chain Finance programs using cutting edge technology. Learn how blockchain & technology is used in supply chain systems from fundamental concepts to innovative applications and real world uses. Blockchain technology is changing how business is executed. It’s important to understand why blockchain is different and how it works in comparison with technologies of the past.
This 4-course Specialization will describe in detail the evolution of traditional trade finance and the shift to supply chain finance, delving into the key elements, available options from which solutions are implemented, and an in-depth view on the success factors. Given that Supply Chain Finance is still evolving, this Specialization focuses on the main challenges, trends and technology developments in the market (such as Blockchain Technology) and provides an insight into the future of supply chain finance in the broader context. When you complete the Specialization, you will gain the knowledge and skills to assess and identify Supply Chain Finance opportunities for a corporate buying organization.
The first segment of this course covers all the main concepts of what Blockchain is. It discusses how it began as a triple ledger system first introduced for the administration of the cryptocurrency Bitcoin, and how it is now applied to all aspects of business including government, banking, supply chains, and a host of other industries.
It also analyzes the concept of transparent ledgers, both public and permissioned, and focuses on using cryptography to achieve consensus, immutability, and governance of transactions. This is all part of Blockchain’s ability to provide “trusted data from untrusted sources,” disrupting traditional accounting methodologies and international trade.
There are underlying fundamental principles and concepts that apply to all supply chains, which can be expressed in relatively straightforward models. However, to actually implement them across a real supply chain requires the use of technology across multiple systems. Supply chains have a long history of using technology to improve efficiency and effectiveness. The shear scale and scope of most supply chains require many distinct systems to interact with each other.
Unfortunately, technology is a moving target. It is constantly evolving and improving so that today’s technology is outdated within a few years or months. Rather than focusing on a specific software system, this business and management course will focus on three aspects: fundamental concepts, core systems, and data analysis.