What if we could track every component in a supply chain, automatically verifying their compliance with regulations and laws as they cross borders and are processed and combined with others to create a final product for sale? What if we could verify the pay and conditions of the factory workers each step of the way? What if we could account fully for the carbon emissions produced in manufacturing, shipping, and handling of the goods? In a recent paper, my colleagues at Hexayurt.Capital and I described a future in which blockchains, AI, and automated logistics explain how organizations and governments will soon be able to do all of these things and more. (Disclosure: I’m a partner of Hexayurt.Capital, a fund that invests in creating the Internet of Agreements.)
We Don’t Need Political Solutions for Global Trade — We Need Practical Ones
Rebuilding globalization on a blockchain backbone.
March 09, 2017
New!
HBR Learning
Global Collaboration Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.
Learn More & See All Courses
New!
HBR Learning
Global Collaboration Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.