Avasant Speaks at
Inter-American Development Bank’s Made in the Americas Global Digital Services Summit
July 11, 2019
Buenos Aires, Argentina
Blockchain is a distributed digital ledger that can securely and transparently record a payment or any exchange, agreement, or tracking information. While its application to financial services (e.g. Bitcoin) is most well-known to date, there are many potential implications for trade, specifically in the way that information is transmitted through a complex supply chain, involving many parties and requiring heavy documentation. For instance, the food and beverage industry would benefit from blockchain records of source and sell-by date. In natural resources and mining, blockchain could not only increase efficiency but also improve sustainability and corporate responsibility through greater transparency. Several supply chain management startups are using blockchain technology to improve inventory management, logistics analytics, on-demand procurement, and sustainability. This panel will discuss the potential of blockchain to increase the efficiency and transparency of supply chains, and specific challenges for its implementation in the public and private sectors in the LAC region.
The IDB works to improve lives in Latin America and the Caribbean. Through financial and technical support for countries working to reduce poverty and inequality, they help improve health and education, and advance infrastructure. Their aim is to achieve development in a sustainable, climate-friendly way. With a history dating back to 1959, today they are the leading source of development financing for Latin America and the Caribbean. They provide loans, grants, and technical assistance; and we conduct extensive research. They maintain a strong commitment to achieving measurable results and the highest standards of integrity, transparency, and accountability.
The Bank’s current focus areas include three development challenges – social inclusion and equality, productivity and innovation, and economic integration – and three cross-cutting issues – gender equality and diversity, climate change and environmental sustainability; and institutional capacity and the rule of law. Click here to learn more about the Bank’s current Institutional Strategy.