BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE w - … · 2017. 12. 13. · AgriDigital connects...
Transcript of BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE w - … · 2017. 12. 13. · AgriDigital connects...
© 2017 Full Profile Pty Ltd
w
B R I N G I N G T R U S T A N D T R A N S PA R E N C Y T O A G R I C U LT U R E
BLOCKCHAIN: WHAT IS IT AND WHAT CAN IT DO FOR FRESH PRODUCE?
Hort Connections, 17 May 2017
Emma Weston, CEO, AgriDigital
© 2017 Full Profile Pty Ltd
AGENDA
© 2017 Full Profile Pty Ltd
1. Introduction to AgriDigital
2.Blockchain 101
3.AgriDigital & Blockchain Technology
4.Opportunities for Blockchain in Horticulture
© 2017 Full Profile Pty Ltd
WHO WE ARE
AgriDigital develops software and financial solutions that bring transparency, efficiency,
and trust to the agri-commodity supply chain, so all participants can act with confidence.
© 2017 Full Profile Pty Ltd
© 2017 Full Profile Pty Ltd
AGRI-SUPPLY CHAIN & BLOCKCHAIN Leadership
Full Profile Wins Westpac Blockhack 16!OCTOBER 25, 2016
Full Profile Presents At
The Australian Grains
Industry ConferenceJULY 28 2016
Full Profile To Demo
At Finovate Fall 2016!AUGUST 4 2016
Full Profile Presents
At Fintech Australia’s
Collab/Collide SummitOCTOBER 25, 2016
Full Profile At 2016
Australia China Food &
Agribusiness SummitOCTOBER 25 2016
© 2017 Full Profile Pty Ltd
BLOCKCHAIN
© 2016 Full Profile Pty Ltd
Every now and then, something comes along that might just change everything. And this is one of those moments.
Elmer Funke Kupper, former ASX chief executive
Blockchain is the glue that is going to drive a productivity revolution across the globe on par with what Henry Ford did with the automobile.
Paul Brody, Americas Strategy Leader, EY
blockchain . . . is a new organizing paradigm for the discovery, valuation, and transfer of all quanta (discrete units) of anything, and potentially for the coordination of all human activity at a much larger scale than has been possible before.
Melanie Swan, Futurist, MS Futures Group
“Check it on the Blockchain” will be the phrase of the 21st century. It will be as commonplace as people saying “Google that.”
Nic Cary, Blockchain.info
© 2017 Full Profile Pty Ltd
WHAT IS BLOCKCHAIN?
Blockchain is a peer-to-peer distributed ledger technology for a new generation of transactional applications that establishes
trust and transparency, while streamlining business processes. It has the potential to
vastly reduce the cost and complexity of our current ways of doing things.
Blockchains have been called the ‘internet of value’ because they enable the seamless
exchange of value.
© 2017 Full Profile Pty Ltd
© 2017 Full Profile Pty Ltd
CENTRALISED VS DISTRIBUTED
Types of Networks
Centralised
Distributed
Decentralised
© 2016 Full Profile Pty Ltd
© 2017 Full Profile Pty Ltd
KEY FEATURES
© 2017 Full Profile Pty Ltd
• Distributed ledger of transactions that occur between participants or
peers of a network
• Maintained by the network nodes who ensure that there is no central
point of failure
• Transactions are intermediary-less; allowing for cost and timing
savings
• Transactions are validated or verified via a consensus algorithm
• Transactions are grouped in blocks which are added sequentially to a
chain and are encrypted to keep them secret
• Transactions are ‘hashed’ meaning they are given a unique identifier
which allows them to accessed at any time by the parties who have
the key to ‘unlock’ that transaction
• Blockchain is an enabling technology; when combined with smart
contracts, it is being used across a large number of industries
© 2017 Full Profile Pty Ltd
AGRIDIGITAL & THE AGRI SUPPLY CHAIN
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
Example supply chain for grain
container exports
10
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
INSOLVENCY
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
INSOLVENCY
LACK OF
TRANSPARENCY
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
INSOLVENCY
LACK OF
TRANSPARENCY
FINANCIAL
RISK
© 2017 Full Profile Pty Ltd
THE SUPPLY CHAIN
INSOLVENCY
LACK OF
TRANSPARENCY
FINANCIAL
RISK
FRAUD
© 2017 Full Profile Pty Ltd
INSOLVENCY
LACK OF
TRANSPARENCY
FINANCIAL
RISK
FRAUD
COUNTERFEIT
GOODS
THE SUPPLY CHAIN
© 2017 Full Profile Pty Ltd
FARMERSdon’t get paid for
what they deliver
when they deliver
BUYERScannot get the financing
they need to pay the
seller on delivery
CONSUMERSdon’t know where
their food comes from
THREE BIG PROBLEMS
© 2017 Full Profile Pty Ltd
$9BAUSTRALIAN
GRAINS INDUSTRY
$40BAUSTRALIAN
AGRICULTURE
$6TGLOBAL
AGRICULTURE
$1BAUSTRALIAN GRAINS INDUSTRY
SUPPLY CHAIN RISK, INEFFICIENCY
& INSOLVENCY
$40BGLOBAL FOOD
FRAUD
$?BGLOBAL SUPPLY CHAIN
FINANCE FRAUD
NOT INSIGNIFICANT PROBLEMS
© 2017 Full Profile Pty Ltd
Agri-supply chain participants should be able to buy and sell with confidence
Financiers should have live, accurate and verifiable asset valuations
Buyers and consumers should know and be able to verify the provenance
of the commodity
WE CAN DO BETTER
© 2017 Full Profile Pty Ltd
THE AGRIDIGITAL SOLUTION: AN INDUSTRY PLATFORM
Digitised title to goods
Automatic settlement solutions & live valuations
Auto-executing workflows via smart contract
3rd party deductions and remittances on
settlement
Pure asset-backed supply chain finance with
just-in-time drawdown & immediate repayment
Provenance: end-to-end traceability & supply
chain assurance
Global & multi-commodity platform
AgriDigital connects farmers, buyers, site operators and financiers on the
world’s first truly integrated commodity management and supply chain finance
platform for the agricultural sector
20
© 2017 Full Profile Pty Ltd
• Continued growth in Australia
• Launching in Canada
• Building cross-commodity
capability, eg. cotton, livestock
• Launching supply chain finance
• Building provenance capabilities
• Continued blockchain proof of
concept and commercial pilots
AGRIDIGITAL IN 2017
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
AGRIDIGITAL BLOCKCHAIN
© 2017 Full Profile Pty Ltd
$40B
© 2017 Full Profile Pty Ltd
$500B
© 2017 Full Profile Pty Ltd
provenanceˈprɒv(ə)nəns/
noun
1. the place of origin or earliest known history of something.
2. the beginning of something's existence; something's origin.
3. a record of ownership of a work of art or an antique, used as
a guide to authenticity or quality.plural noun: provenances
© 2017 Full Profile Pty Ltd
provenanceˈprɒv(ə)nəns/
noun
1. the place of origin or earliest known history of
something.
2. the beginning of something's existence; something's
origin.
3. a record of ownership of a work of art or an antique,
used as a guide to authenticity or quality.
plural noun: provenances
• Proof of ownership
• Chain of custody
• Supply chain assurance
• Traceability
• Identity preservation
• Asset tracking
• Document tracking and compilation
• Paddock to plate transparency
© 2017 Full Profile Pty Ltd
© 2017 Full Profile Pty Ltd
MANUAL
PROCESSES
Large amounts of time
consuming paperwork,
duplicated data entry
and costly transactions
FRAUD AND
COUNTERFEIT GOODS
Goods and moral rights
which need protection from
theft, fraud and
counterfeiting
DATA VERIFICATION
Multiple participants who
each need to know how
goods are produced,
processed and
transported along the
supply chain
CHAIN OF CUSTODY
Each link in the supply
chain is interested in
proof of prior ownership
and clear title to goods
© 2017 Full Profile Pty Ltd
• Interoperability
• Standards & verifying ‘Gold Standards’
• Certifications & declarations
• Transparency
• Multiple participants
• Incentives
• Physical infrastructure
CHALLENGES
© 2017 Full Profile Pty Ltd
OPPORTUNITIES IN HORTICULTURE
1. Provenance
2. Addressing fraud and counterfeiting
3. Mobile payments, credits, and decreased
transaction fees
4. Real-time management of supply chain
transactions and financing
5. Manual to digital
6. Other???
© 2017 Full Profile Pty Ltd
THANK YOU & QUESTIONS
© 2017 Full Profile Pty Ltd
Emma Weston
CEO & Co Founder
m: +61 407 830 136
a: Level 5, 9-13 Young St, Sydney, Australia
w: www.agridigital.io
@emmamweston
41
© 2017 Full Profile Pty Ltd
D I S C L A I M E R
T h e m a t e r i a l i n t h i s p r e s e n t a t i o n h a s b e e n p r e p a r e d b y F u l l P r o f i l e P t y L t d
A B N 1 3 6 0 8 1 2 5 5 9 7 ( F u l l P r o f i l e )
a n d i s g e n e r a l b a c k g r o u n d i n f o r m a t i o n a b o u t F u l l P r o f i l e ’ s a c t i v i t i e s c u r r e n t
a s a t t h e d a t e o f t h i s p r e s e n t a t i o n .
T h i s i n f o r m a t i o n i s g i v e n i n s u m m a r y f o r m a n d d o e s n o t p u r p o r t t o b e
c o m p l e t e .
I n f o r m a t i o n i n t h i s p r e s e n t a t i o n , i n c l u d i n g f o r e c a s t f i n a n c i a l i n f o r m a t i o n ,
s h o u l d n o t b e c o n s i d e r e d a s a d v i c e o r a r e c o m m e n d a t i o n t o i n v e s t o r s o r
p o t e n t i a l i n v e s t o r s i n r e l a t i o n t o h o l d i n g , p u r c h a s i n g o r s e l l i n g s e c u r i t i e s
o r o t h e r f i n a n c i a l p r o d u c t s o r i n s t r u m e n t s a n d d o e s n o t t a k e i n t o a c c o u n t
y o u r p a r t i c u l a r i n v e s t m e n t o b j e c t i v e s , f i n a n c i a l s i t u a t i o n o r n e e d s . B e f o r e
a c t i n g o n a n y i n f o r m a t i o n y o u s h o u l d c o n s i d e r t h e a p p r o p r i a t e n e s s o f t h e
i n f o r m a t i o n h a v i n g r e g a r d t o t h e s e m a t t e r s , a n y r e l e v a n t o f f e r d o c u m e n t a n d
i n p a r t i c u l a r , y o u s h o u l d s e e k i n d e p e n d e n t f i n a n c i a l a d v i c e . A l l s e c u r i t i e s
a n d f i n a n c i a l p r o d u c t o r i n s t r u m e n t t r a n s a c t i o n s i n v o l v e r i s k s , w h i c h
i n c l u d e ( a m o n g o t h e r s ) t h e r i s k o f a d v e r s e o r u n a n t i c i p a t e d m a r k e t ,
f i n a n c i a l o r p o l i t i c a l d e v e l o p m e n t s a n d , i n i n t e r n a t i o n a l t r a n s a c t i o n s ,
c u r r e n c y r i s k .
T h i s p r e s e n t a t i o n m a y c o n t a i n f o r w a r d l o o k i n g s t a t e m e n t s i n c l u d i n g
s t a t e m e n t s r e g a r d i n g o u r i n t e n t , b e l i e f o r c u r r e n t e x p e c t a t i o n s w i t h r e s p e c t
t o F u l l P r o f i l e ’ s b u s i n e s s e s a n d o p e r a t i o n s , m a r k e t c o n d i t i o n s , r e s u l t s o f
o p e r a t i o n a n d f i n a n c i a l c o n d i t i o n , c a p i t a l a d e q u a c y , s p e c i f i c p r o v i s i o n s a n d
r i s k m a n a g e m e n t p r a c t i c e s . R e a d e r s a r e c a u t i o n e d n o t t o p l a c e u n d u e
r e l i a n c e o n t h e s e f o r w a r d l o o k i n g s t a t e m e n t s . F u l l P r o f i l e d o e s n o t
u n d e r t a k e a n y o b l i g a t i o n t o p u b l i c l y r e l e a s e t h e r e s u l t
o f a n y r e v i s i o n s t o t h e s e f o r w a r d l o o k i n g s t a t e m e n t s t o r e f l e c t e v e n t s o r
c i r c u m s t a n c e s a f t e r t h e d a t e h e r e o f t o r e f l e c t t h e o c c u r r e n c e o f
u n a n t i c i p a t e d e v e n t s . W h i l e d u e c a r e h a s b e e n u s e d i n t h e p r e p a r a t i o n o f
f o r e c a s t i n f o r m a t i o n , a c t u a l r e s u l t s m a y v a r y i n a m a t e r i a l l y p o s i t i v e o r
n e g a t i v e m a n n e r . F o r e c a s t s a n d h y p o t h e t i c a l e x a m p l e s a r e s u b j e c t t o
u n c e r t a i n t y a n d c o n t i n g e n c i e s o u t s i d e F u l l P r o f i l e ’ s c o n t r o l . P a s t
p e r f o r m a n c e i s n o t a r e l i a b l e i n d i c a t i o n o f f u t u r e p e r f o r m a n c e .
A g r i D i g i t a l i s a b u s i n e s s n a m e a n d d o m a i n o w n e d b y F u l l P r o f i l e .