Unveiling the Future of Supply Chain with Web3 Digital Twins
Join us as we delve into an insightful discussion on the transformative power of Web3 Digital Twins in the supply chain industry. Learn from industry leaders Vamsi Krishna C and Krishna Sumanth C, as they share their expertise and vision for the future of supply chains.
In a recent YouTube discussion titled “Web3 Digital Twins in Supply Chain,” industry leaders Vamsi Krishna C, the Marketing Head, and Krishna Sumanth C, the Tech Head of a startup called Karpine, shared their insights on the transformative power of Web3 Digital Twins in the supply chain industry.
The discussion began with an introduction to the concept of Web3 Digital Twins and their potential applications in supply chain management. The speakers acknowledged the challenges faced by the supply chain landscape and the need for new emerging technologies to revolutionize the way supply chain processes are managed and optimized. They explored how digital twins can create a secure and transparent representation of physical assets, processes, and transactions within the supply chain network.
Vamsi Krishna C, with a background in mechanical engineering and a passion for technology, emphasized the importance of ensuring that inventory entered into an ERP system matches actual inventory. The solution proposed is the use of digital twins, which create a physical and software representation of each product. The digital twin is connected to the ERP system through an RFID sticker, which ensures that the two are bridged. The entire data is captured on the blockchain, creating an immutable ledger.
Krishna Sumanth C, who holds a master’s degree in cryptography and quantum computing, discussed the use of RFID technology to automate the reading of data on products, eliminating the need for physical counting or barcode scanning. RFID readers can read up to 30 meters and push data to blockchain systems, creating an automated inventory system that matches with ERP systems.
The speakers also touched on the potential benefits of a product that customers use frequently, and suggested that implementing an NFT program could generate positive cash flow. They also mentioned the use of frictionless checkout systems, such as QR codes, in airports and other locations.
In conclusion, the insights shared by these industry leaders underscore the transformative potential of Web3 Digital Twins in the supply chain sector. As we move forward, it’s clear that embracing this technology is not just an option but a necessity for supply chain professionals.
So, what do you think about the future of Web3 Digital Twins in supply chain management? How do you see it impacting your industry? We invite you to share your thoughts and join the conversation in the comments below. Let’s embrace the future of supply chain together!
For a more detailed understanding of the topic, you can watch the full YouTube video.