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BLOCKCHAIN
From payments to smart contracts, how
blockchain will disrupt the world of
Procurement as we know it.
Paul Smith
Executive Director, YPO
BLOCKCHAIN
From payments to smart contracts, how
blockchain will disrupt the world of
Procurement as we know it.
Paul Smith
Executive Director, YPO
From Payments to Smart Contracts
How blockchain will disrupt the world of procurement as we know it
“You should be taking this technology as seriously as you should
have been taking the development of the internet in the early 1990s”
-Blythe Masters
“The first attempt at an Internet of
finance”
- Bank of England
“The blockchain protocol threatens to
disintermediate almost every process in
financial services.”
- World Economic Forum
“A stroke of genius”
- Federal Reserve Bank
What is it?
Distributed Ledger
Immutable
Decentralised
Trusted
The Impact on
Procurement
8 Emerging Use Cases
Payments
Over 300,000 Bitcoin
Transactions Daily
Traceability
IBM and Walmart partnership on
food traceability
Asset Registers
Russia using blockchain
for land registry
Smart Contracts
2 Million Smart Contracts
on Ethereum
Collaboration
Buyco.io - collaborative buying
on the blockchain
Transparency
All data is public
Procurement Systems
US Govt piloting an IT procurement
system
Spend Data
Permanent Trusted Public Record
Smart ContractsAsset Registers
Collaboration
Transparency
Procurement SystemsTraceability
Spend Data
Payments
BLOCKCHAIN
From payments to smart contracts, how
blockchain will disrupt the world of
Procurement as we know it.
Paul Smith
Executive Director, YPO

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8 ways that Blockchain will disrupt the world of Procurement