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This is a digest about this topic. It is a compilation from various blogs that discuss it. Each title is linked to the original blog.

1. The challenges of implementing a blockchain based supply chain management system

A blockchain is a digital ledger of all cryptocurrency transactions. It is constantly growing as "completed" blocks are added to it with a new set of recordings. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Supply chain management (SCM) is the active management of supply chain activities to maximize customer value and achieve a sustainable competitive advantage. It represents a conscious effort to develop and run supply chains in the most effective & efficient ways possible.

The main challenge when implementing a blockchain based supply chain management system is the lack of standards. For blockchain to be widely accepted, there need to be common standards that everyone can agree on. Otherwise, it would be very difficult to get different parties to use the same platform. Another challenge is the high costs associated with blockchain technology. This is because it requires a lot of computing power to run and maintain a blockchain network. Furthermore, blockchain technology is still in its early stages, which means that there are not many experienced developers. This could make it difficult to find people who are able to develop and maintain a blockchain-based supply chain management system.


2. The key components of a successful blockchain based supply chain management system

A blockchain-based supply chain management system (SCM) can help businesses keep track of shipments and inventory, as well as manage the execution of contracts. By using distributed ledger technology (DLT), businesses can create a shared, tamper-proof record of transactions that can be accessed by all parties involved in the supply chain.

Blockchain-based SCM systems can provide numerous benefits over traditional SCM systems, including improved transparency, traceability, and security. In addition, blockchain-based SCM systems can help reduce costs and enable near real-time tracking of shipments.

Some of the key components of a successful blockchain-based SCM system include:

A shared, distributed ledger: A blockchain-based SCM system relies on a shared, distributed ledger to store information about shipments and inventory. This ledger is accessible to all parties involved in the supply chain, and it can be used to track the movement of goods and materials.

Smart contracts: smart contracts are digital contracts that can be used to automate the execution of supply chain-related tasks. For example, a smart contract could be used to automatically release payment to a supplier once a shipment has been delivered.

Tracking and tracing: Blockchain-based SCM systems can provide near real-time tracking of shipments. This information can be used to track the location of goods, as well as ensure that shipments are delivered on time.

Supply chain finance: supply chain finance (SCF) is a type of financing that can be used to fund the purchase of goods and materials. SCF can be used to improve cash flow and working capital management.

These are just a few of the key components of a successful blockchain-based SCM system. By implementing these components, businesses can reap the benefits of blockchain technology and transform their supply chains.


3. The future of blockchain based supply chain management systems

As the world becomes more and more digitized, the way we manage our supply chains must also adapt. For years, the supply chain management (SCM) industry has been searching for a way to move away from paper-based systems and into the digital age. However, the transition has been slow due to the lack of a secure and efficient way to track and manage data. This is where blockchain comes in.

A blockchain is a digital, decentralized ledger that can be used to record transactions between two parties in a secure, tamper-proof way. Because it is distributed across a network of computers, it is extremely difficult to hack or tamper with. This makes it an ideal solution for supply chain management, as it can provide a single source of truth for all data related to the supply chain.

The benefits of blockchain-based SCM are already being realized by early adopters. For example, Walmart is using blockchain to track the movement of pork products through its supply chain in China. This has helped them to speed up the process of tracing contaminated products and recalling them from store shelves.

Other companies are also exploring how blockchain can be used in their supply chains. Maersk, the worlds largest shipping company, is piloting a blockchain-based system for tracking cargo. IBM is working on a blockchain platform for global supply chains. And start-ups like Provenance and Blockverify are working on solutions for tracking provenance and preventing counterfeit goods from entering the supply chain.


4. Case studies of successful implementations of blockchain based supply chain management systems

The following is a case study of a successful implementation of blockchain-based supply chain management system.

Blockchain is a distributed database that allows for secure, transparent and tamper-proof record-keeping. This makes it an ideal tool for supply chain management, where tracking the provenance of products is essential to ensuring quality control and preventing fraud.

In 2018, Japanese food giant Rakuten announced that it was using blockchain to track the provenance of fish from supplier to store shelves. The system uses RFID tags to track each fish as it moves through the supply chain, and the data is stored on a blockchain platform developed by Rakuten.

The system has already been piloted with great success. In one instance, when a batch of fish was found to be contaminated with mercury, the blockchain platform allowed Rakuten to quickly identify the source of the fish and remove them from shelves before they could reach consumers.

Rakuten is not the only company using blockchain for supply chain management. Maersk, the world's largest container shipping company, has partnered with IBM to develop a blockchain-based system for tracking cargo. The system is already being used by a number of major companies, including DuPont, Dow Chemical and Tetra Pak.


5. Defining Success for Blockchain Based Startups Seeking Seed Funding

In order to ensure that a blockchain-based startup receives seed funding, it is important to have a clear understanding of what success looks like for the company. By definition, success for a startup is achieving positive financial growth and becoming profitable. However, there are a number of other factors that need to be taken into account when determining whether or not a blockchain-based startup is successful.

One of the most important factors to consider is the team behind the startup. A strong and experienced team is essential for any startup, but it is especially important for blockchain-based startups. The team should have a clear understanding of the technology and the market, and they should be able to articulate the vision for the company.

Another important factor to consider is the product or service that the startup is offering. The product or service should be able to solve a real problem that people are facing. It should be something that people are actually willing to pay for.

Finally, it is important to consider the market opportunity for the product or service. The size of the market and the potential for growth are both important factors to consider. A large market opportunity can provide a buffer for a startup that is not yet profitable.

By definition, success for a startup is achieving positive financial growth and becoming profitable. However, there are a number of other factors that need to be taken into account when determining whether or not a blockchain-based startup is successful.

One of the most important factors to consider is the team behind the startup. A strong and experienced team is essential for any startup, but it is especially important for blockchain-based startups. The team should have a clear understanding of the technology and the market, and they should be able to articulate the vision for the company.

Another important factor to consider is the product or service that the startup is offering. The product or service should be able to solve a real problem that people are facing. It should be something that people are actually willing to pay for.

Finally, it is important to consider the market opportunity for the product or service. The size of the market and the potential for growth are both important factors to consider. A large market opportunity can provide a buffer for a startup that is not yet profitable.

In order to ensure that a blockchain-based startup receives seed funding, it is important to have a clear understanding of what success looks like for the company. By definition, success for a startup is achieving positive financial growth and becoming profitable. However, there are a number of other factors that need to be taken into account when determining whether or not a blockchain-based startup is successful.

One of the most important factors to consider is the team behind the startup. A strong and experienced team is essential for any startup, but it is especially important for blockchain-based startups. The team should have a clear understanding of the technology and the market, and they should be able to articulate the vision for the company.

Another important factor to consider is the product or service that the startup is offering. The product or service should be able to solve a real problem that people are facing. It should be something that people are actually willing to pay for.

Finally, it is important to consider the market opportunity for the product or service. The size of the market and the potential for growth are both important factors to consider. A large market opportunity can provide a buffer for a startup that is not yet profitable.

By definition, success for a startup is achieving positive financial growth and becoming profitable. However, there are a number of other factors that need to be taken into account when determining whether or not a blockchain-based startup is successful.

One of the most important factors to consider is the team behind the startup. A strong and experienced team is essential for any startup, but it is especially important for blockchain-based startups. The team should have a clear understanding of the technology and the market, and they should be able to articulate the vision for the company.

Another important factor to consider is the product or service that the startup is offering. The product or service should be able to solve a real problem that people are facing. It should be something that people are actually willing to pay for.

Finally, it is important to consider the market opportunity for the product or service. The size of the market and the potential for growth are both important factors to consider. A large market opportunity can provide a buffer for a


6. Increasing the Chances of Success for Blockchain based Startups Seeking Seed Funding

The blockchain industry is growing at a rapid pace with new startups emerging every day. However, with the increasing number of startups, the competition for seed funding is also becoming more intense. In order to increase the chances of success for blockchain-based startups seeking seed funding, it is important to have a well-thought-out business plan and a solid team of experienced professionals.

The first step is to create a detailed business plan that outlines the problem that your startup is solving and how your solution is better than the existing ones. It is also important to have a clear understanding of the blockchain technology and its potential use cases. Furthermore, your business plan should include a detailed roadmap of how you plan to achieve your objectives.

Once you have created a strong business plan, it is time to start building your team. It is important to have a team of experienced professionals who have a deep understanding of the blockchain technology and the industry. Furthermore, your team should be able to execute your business plan effectively.

Last but not least, you need to have a strong marketing strategy in place. This will help you create awareness about your startup and attract potential investors. You can use various online and offline channels to market your blockchain startup.

By following these tips, you can increase the chances of success for your blockchain-based startup seeking seed funding.


7. Find out how to set up a blockchain based fundraiser

Since the early days of Bitcoin, cryptocurrency and blockchain technology have been used to fundraise for a variety of causes. In recent years, this trend has continued with the rise of initial Coin offerings (ICOs), which have become a popular way to raise funds for blockchain-based projects.

With an ICO, a project creates a new digital token that can be bought by investors in exchange for other cryptocurrencies like Bitcoin or Ethereum. The funds raised through an ICO are typically used to finance the development of the project or business.

If you're thinking about launching a blockchain-based fundraiser, there are a few things you'll need to do in order to make it successful.

First, you'll need to create a white paper that outlines your project and explains how the ICO will work. This document should be clear and concise, and it should convince potential investors that your project is worth investing in.

Next, you'll need to set up a website for your ICO. This website should provide potential investors with all the information they need about your project and the ICO. It should also include a way for investors to buy your tokens.

Finally, you'll need to promote your ICO to potential investors. You can do this through online forums, social media, and other online channels.

If you follow these steps, you'll be well on your way to successfully launching a blockchain-based fundraiser.


8. Lessons Learned from Blockchain based Startups

1. A successful blockchain startup must have a strong team with the right mix of skills

A successful blockchain startup must have a team with the right mix of skills. This includes individuals with experience in the traditional financial world, as well as those with deep technical expertise in distributed ledger technology (DLT). The team must also be able to work together harmoniously to execute on the vision of the project.

2. A successful blockchain startup must have a clear use case for the technology

A successful blockchain startup must have a clear use case for the technology. The project must be able to demonstrate how DLT can be used to solve a real-world problem. Simply using blockchain for the sake of using blockchain is not enough.

3. A successful blockchain startup must have a sound business model

A successful blockchain startup must have a sound business model. The project must have a clear path to monetization and sustainability. This is often one of the most difficult challenges for blockchain startups, as the technology is still in its early stages and there are not many established models to follow.

4. A successful blockchain startup must be well-funded

A successful blockchain startup must be well-funded. The project must have enough capital to execute on its roadmap and reach its milestones. This is often one of the biggest challenges for blockchain startups, as traditional VCs are often hesitant to invest in such projects.

5. A successful blockchain startup must have a strong community

A successful blockchain startup must have a strong community. The project must be able to generate buzz and excitement among potential users and investors. This is often one of the most difficult challenges for blockchain startups, as the industry is still relatively new and unknown to many people.

Lessons Learned from Blockchain based Startups - Starting and Running a Blockchain based Startup

Lessons Learned from Blockchain based Startups - Starting and Running a Blockchain based Startup


9. The benefits of blockchain based startup funding

The internet has disrupted many industries, but one of the most profound has been the effect on how startups are funded. In the past, startups would typically rely on venture capitalists for funding, but the rise of crowdfunding has given startups a new way to raise money. And now, blockchain-based startup funding is becoming a popular option as well.

So what are the benefits of blockchain-based startup funding? Here are four key advantages:

1. Greater Access to Funding

One of the biggest advantages of blockchain-based startup funding is that it gives startups greater access to funding. In the past, startups would typically have to go through venture capitalists in order to raise money. But with blockchain-based funding, startups can directly connect with investors and raise money from them. This means that startups dont have to go through the traditional channels in order to raise money.

2. More Transparent Funding Process

Another benefit of blockchain-based startup funding is that its a more transparent funding process. With traditional funding methods, there can be a lot of opacity around how funds are being used and where theyre going. But with blockchain-based funding, all of the transactions are recorded on a public ledger. This means that everyone can see where the money is going and how its being used. This increased transparency is a major advantage for both startups and investors.

3. Lower Costs

Another benefit of blockchain-based startup funding is that it can help to lower costs. With traditional funding methods, there are often high costs associated with raising money. But with blockchain-based funding, the costs are much lower. This is because there are no middlemen involved in the process. And because all of the transactions are done on a public ledger, there are no fees associated with them.

4. Increased Speed

Finally, blockchain-based startup funding can also help to increase the speed of funding. With traditional methods, it can often take weeks or even months to secure funding. But with blockchain-based funding, the process can be completed in a matter of days. This is because there are no middlemen involved in the process and all of the transactions are done on a public ledger.

Overall, there are many advantages to blockchain-based startup funding. Startups can enjoy greater access to funding, a more transparent funding process, lower costs, and increased speed. And investors can also benefit from these advantages as well. So if youre looking for a new way to fund your startup, blockchain-based funding may be the right option for you.

The benefits of blockchain based startup funding - The future of blockchain based startup funding

The benefits of blockchain based startup funding - The future of blockchain based startup funding


10. The risks of blockchain based startup funding

In the last few years, there has been a lot of hype around blockchain-based startups. These companies are using blockchain technology to create new platforms or services that could potentially disrupt a wide range of industries.

One popular way for these startups to raise money is through initial coin offerings (ICOs). In an ICO, a startup creates its own digital currency and sells it to investors in exchange for funding.

However, there are a number of risks associated with investing in blockchain-based startups. Here are some of the most important ones to keep in mind:

1. Lack of Regulation

The cryptocurrency and blockchain space is currently unregulated. This means that there is no government body or other institution that is overseeing these activities. As a result, there is a greater risk of fraud or other illegal activities taking place.

2. Volatile Market

The cryptocurrency market is highly volatile. This means that the value of digital currencies can fluctuate wildly. This makes it difficult to predict how much money you will make or lose from investing in an ICO.

3. Limited History

Blockchain-based startups are still relatively new and have limited history. This means that there is less data available to assess the risks and potential rewards of investing in them.

4. Limited Use Cases

At present, there are only a limited number of use cases for blockchain technology. This means that it is not yet clear how successful these startups will be in the long term.

5. High Risk/Reward Profile

Due to the above factors, investing in blockchain-based startups is a high-risk proposition. You could lose all of your investment if the company fails or the market turns against them. However, you could also make a considerable return if the company is successful.

Before investing in any ICO, it is important to do your own research and understand the risks involved. This will help you make an informed decision about whether or not an investment is right for you.

The risks of blockchain based startup funding - The future of blockchain based startup funding

The risks of blockchain based startup funding - The future of blockchain based startup funding


11. The future of blockchain based startup funding

The blockchain is a distributed database that underlies most digital currencies and is beginning to revolutionize other sectors as diverse as healthcare, energy and the food supply chain. Blockchain-based startups are particularly well-positioned to take advantage of this technology.

One of the key benefits of a blockchain-based startup is that it can help to create a more decentralized and democratic ecosystem for innovation. Traditional VC models tend to be quite centralized, with a small number of individuals or firms making decisions about which startups to invest in.

This can often lead to a situation where a relatively small number of startups receive the majority of funding, while many others struggle to get off the ground. By contrast, a blockchain-based startup can tap into a much wider pool of potential investors through an initial coin offering (ICO).

An ICO is a form of crowdfunding that allows startups to raise capital by selling digital tokens. These tokens can be used to access the services or products offered by the startup, or they may simply represent a stake in the company.

ICO's offer a number of advantages over traditional forms of startup funding. First, they are open to anyone with an internet connection, which means that more people can participate in the funding of a blockchain-based startup.

Second, they tend to be much less expensive than traditional forms of startup funding, such as equity financing. This is because there are no middlemen involved in the process and no need for expensive marketing campaigns.

Third, ICO's offer a high degree of liquidity, which means that investors can cash out their tokens at any time. This is in contrast to equity financing, which typically involves a longer lock-up period.

Fourth, ICO's offer a degree of transparency that is not typically found in traditional forms of startup funding. For example, most ICO's publish their code on Github, which allows anyone to audit the project.

Finally, ICO's provide a way for startups to raise large sums of money relatively quickly. This can be particularly helpful for early-stage startups that may not yet be ready to go public or list on a stock exchange.

Despite these advantages, there are also some risks associated with ICO's. First, it is important to remember that ICO's are not regulated in the same way as traditional forms of investment. This means that there is no guarantee that your investment will be safe or that you will receive any sort of return on it.

Second, because ICO's are often used to fund early-stage startups, there is a higher risk that the project will fail and you will lose your investment. This is why it is important to do your own research before investing in any ICO.

Third, there have been some instances of fraud in the ICO market. For example, in 2017, the US securities and Exchange commission (SEC) charged two individuals with running a "pump and dump" scheme involving an ICO.

Fourth, the price of digital tokens can be highly volatile. This means that you could lose money if you sell your tokens too early or if the price of the tokens plummets after you have purchased them.

Finally, it is worth noting that investing in ICO's is not suitable for everyone. If you are not comfortable with taking on the risks associated with this type of investment, then you may want to consider other options.

Despite these risks, ICO's offer a number of advantages that make them an attractive option for many startups. If you are thinking about investing in an ICO, then it is important to do your own research and consult with a financial advisor to make sure that it is the right decision for you.


12. Case study A successful blockchain based startup funding example

When it comes to blockchain-based startups, there are a few key things that investors look for. One of those things is a clear and concise business model. Another is a team that is passionate about their product and has a clear understanding of the technology. And lastly, a well-executed plan for marketing and scaling the product.

In the case of blockchain-based startup BlockFi, all of these boxes were checked. BlockFi is a financial services company that uses blockchain technology to provide loans and other financial products to its customers. The company was founded in 2017 by Zac Prince and Flori Marquez.

BlockFi quickly became one of the most well-funded blockchain startups, raising $4 million in seed funding in just six months. The company then went on to raise an additional $50 million in a Series A round led by Valar Ventures.

One of the things that makes BlockFi unique is its use of collateralized loans. This means that customers can put up their cryptocurrency as collateral for a loan. This allows BlockFi to offer loans with low interest rates and without the need for a credit check.

BlockFi has been able to use its institutional partnerships and its focus on collateralized loans to become one of the leading blockchain-based startups. The company has plans to expand its product offerings and continue growing its customer base. With a strong team, a solid business model, and a clear path to growth, BlockFi is poised for success in the blockchain space.


13. Case study A failed blockchain based startup funding example

So what went wrong?

There are a few possible explanations. First, Bancor may have been victim of the ICO bubble. When the company conducted its ICO, the blockchain space was rife with speculation and excitement. Many projects were able to raise large sums of money with little more than a white paper and a vision.

As the hype died down, however, it became clear that many of these projects were not going to be able to deliver on their promises. Investors became more cautious, and it became harder for projects to raise money through ICOs.

Second, Bancor may have been ambition. The company was trying to build a decentralized exchange protocol, which is a complex undertaking. The team may have bitten off more than they could chew, and they were ultimately unable to deliver a working product.

Third, Bancor may have been mismanaged. The company raised a huge sum of money through its ICO, but it does not appear to have been spent wisely. In particular, the team may have overhired, which led to high costs and low productivity.

Fourth, Bancor may have been unlucky. The crypto market crashed in 2018, and this had a major impact on the company. Bancor was forced to lay off staff and cut costs, but it was not enough to save the business.