Blockchain technology adoption has been increasing over the past few years starting with a few pilot cases migrating to larger investments with several recent success stories. What started with Bitcoin, roughly 10 years ago, has accelerated into solutions that are not related to cryptocurrencies at all. Oil and gas has seen blockchain technologies emerge in trade simplifying the buying, selling and receiving of assets. Other sectors rolling out blockchain solutions include: agriculture, retail food, mining, construction and transportation. In all cases, the companies are using blockchain technology to simplify back office processes, vendor and partner engagements, and improve margins. This executive education program is focused on blockchain, a technology that is rapidly changing how organizations conduct business. It’s a two day course developed in partnership between the University of Houston and TerraHub who started this training program earlier this year with Haskayne School of Business in Calgary Canada.
COST: $1,995 per person
Dan Giurescu, Founder, TerraHub
Elena Dumitrascu, Co-founder, TerraHub
Bio link: www.terrahub.ca/about/
University of Houston contact for questions:
Dale Tibodeau, Ph.D., Instructional Assistant Professor, Department of Decision & Information Sciences, Bauer Supply Chain Forum Director
BLOCKCHAIN TECHNOLOGY AGENDA
DAY ONE - Industrial Blockchain Foundations and Business Management
- Blockchain history: how did we get here?
- Business management and blockchain - how to deal with the sudden change, what to
expect in the next 10 years.
- Industrial blockchain overview: contract management, supplier management, order and delivery, invoicing.
- Internet of Agreements (IoA) - legal considerations for smart contracts.
- Business opportunities for smart contracts: internal and external to an organization.
- Impacts of smart contracts on Legal, Regulatory and M&A activity.
- Cryptocurrency overview and smart contracts - how mining, cryptocurrencies and smart contracts work together.
- Security vs Utility tokens.
- Financial feasibility and risk profile of cryptocurrencies.
With the energy industry fast-growing adoption of Internet-enabled products, the
business-to-business market for "Internet of Things" (IoT) communicating using blockchain technologies allows for IoT data to be shared and sold without the need for 3rd party consolidators.
- Industrial Blockchain and Internet of Things coming together to digitize the oilfield.
- Blockchain technology vs. Tangle technology.
- Both use distributed ledgers, both are tamper proof, how are they different and when
should you deploy either?
- The opportunities and the risk associated with automating the oilfield.
- What makes a good investment? What type of ROI should be considered?
- Internet of Things and industry applications of blockchain.
- Sharing IoT data with your peers, buying and selling IoT data, like location-specific
environmental data, without 3rd party intermediaries.
Day One Recap:
- Use cases of blockchain products in Energy: royalty payments, regulatory compliance,
3rd party vendor engagement (oilfield services), buying/selling of energy products.
A wave of digital transformation is changing how we will work in the future: from Cloud
Computing, IoT, Artificial Intelligence, to Blockchain – how are these technologies changing the companies you advise? A look at blockchain impacts to global sourcing.
Recap of Day One and Questions:
- Smart contracts and Internet of Agreements.
- Cryptocurrency: security vs utility tokens.
- Industrial Blockchain.
- Disruptive technology trends beyond blockchain: Cloud Computing, IoT, Artificial
Intelligence, to Blockchain – how are these technologies changing the companies you
advise? How is human performance affected by these changes? What to look for in
- Decision making: blockchain brings transparency and makes an overwhelming amount of information available. How will a team of executives know what is relevant for critical decision making?
Start a Project - Live workshop: Teams of four people. Each team gets three blockchain opportunities to evaluate. Which is the best technology investment?
- Each team choose one of the blockchain opportunities using learnings from both days: risk profile, strategic fit, human impacts, financial feasibility.
- Each team will present their selection to the group and justify their choice.
Lecture Presentation: Transforming Supply Chain: One of the first industries to see the largest impact from blockchain
- Global supply chain: a brief history of the last 100 years.
- Fixing the gap between AP and AR, getting a handle of working capital.
- How is blockchain changing: Procurement, Transportation and Logistics, Warehousing, Invoice Settlement.
- Introducing “Liquidity” in supply chain and helping those on the edge
- Industry use cases in transportation, wholesale and retail.
Day Two Recap:
- Digital transformation and impacts to human performance.
- Using blockchain for better decision making
- Transformations in supply chain and the future of business: a liquid supply chain
- You have now started your own blockchain project, what is next?