Ramy Zhang

Innovator

Schedule

Mon, Sept 23

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Tues, Sept 24

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Wed, Sept 25

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Thurs, Sept 26

03:10pm

03:10pm - 03:20pm

Retail

Securing Consumer Trust with Blockchain with Ramy Zhang of The Knowledge Society

To a consumer, the history of each product they pluck off from a shelf and toss into their carts is a black box. There's no way for them to truly ascertain the origin of an object. And now, with all data on a product being siloed in different systems from stakeholder to stakeholder in retail supply chains, not only is it hard to even verify the provenance of an item from within the supply chain, but it also causes friction throughout the payments process for businesses themselves. Using the unique properties of digital ledger technologies like blockchain, retail businesses can finally get a chance at solving this trust and transparency problem, while keeping their own information safe.

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