bringing trust and transparency to agriculture · 2018. 1. 24. · agridigital case study....
TRANSCRIPT
© 2017 Full Profile Pty Ltd
w
BRINGING TRUST AND TRANSPARENCY TO AGRICULTURE
© 2017 Full Profile Pty Ltd
BEYOND PROOF OF CONCEPT
A BLOCKCHAIN ENABLED GLOBAL AGRICULTURAL
SUPPLY CHAIN
Emma Weston, CEO & Co Founder
© 2017 Full Profile Pty Ltd
AGENDA
1. Proof of concept vs Pilot2. Blockchain PoC Landscape3. Commercialisation Challenges4. Case Study: AgriDigital & the Global Agricultural Supply Chain
© 2017 Full Profile Pty Ltd
PILOT
“prove the feasibility of a solution, or the feasibility of a critical aspect of a solution”
-vs-
PROOF OF CONCEPT
“an experimental trial usually on a small scale to help an organisation understand how a large scale
implementation might work”
© 2017 Full Profile Pty Ltd
BLOCKCHAIN PoC LANDSCAPE
Commodity Management
Trade Finance Provenance
Supplier Consumer
© 2017 Full Profile Pty Ltd
COMMERCIALISATION CHALLENGES
• Technology convergence, egIoT
• Digital currency• The role of incumbents• Critical mass to achieve
network benefits• Consumer adoption and
understanding
• Uncertainty• Tech• Regulatory
• Emergence of new standards and governance models
• Identity (of people and things)• Security• Privacy• Scalability• Interoperabiility
© 2017 Full Profile Pty Ltd
AGRIDIGITAL CASE STUDY
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
THE SUPPLY CHAIN
© 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
• Farmers, buyers and storage providers can all operate and interact on the same cloud hosted platform
• Designed for global grains markets
• Same day payments,live asset valuation and transaction reporting
• Provenance recording
THE AGRIDIGITAL SOLUTION: TODAY
© 2017 Full Profile Pty Ltd
BLOCKCHAIN PILOT
OCT 15Founded
JAN 16Accepted to
Stone & Chalk
APR 16Release Full Profile
Broker MVP
MAY 16Win Westpac BlockHack16
JUN 16Win Blockchain
Summit Startup Pitch
SEP 16Demo at Finovate
Fall, New York
OCT 16Release AgriDigital
for Buyers, Site Operators & Farmers
DEC 16AgriDigital
Blockchain Pilot
© 2016 Full Profile Pty Ltd
First global live and in-market settlement
on blockchain
Participation by buyer and farmers
Same day payment on title transfer
Collection and remittance of levies and EPRs
Introducing provenance recording
© 2017 Full Profile Pty Ltd
• More is more• PoCs• Parties per Use Case• The role of consortia
• Broader market familiarity with blockchain• Well tested use cases in PoC moving quickly to pilot
with timelines for scaling• Suitable markets for testing and scaling• Engagement to address uncertainties; eg regulators, • A few key winners!
MOVING BEYOND PROOF OF CONCEPT
© 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 .