Collaboration and data sharing remain major challenges in the supply chain and logistics industry. This, despite enormous progress in technological development. The virtual watch tower / VWT initiative takes a novel angle to address these two shortcomings. The vision is to create an ever-growing global community that co-creates a digital solution / VWTnet for enhanced visibility and improved supply chain risk management through private and public data-driven analytics and collaboration across supply chain networks worldwide. VWT combines collaborative software development for data sharing with community building for collaboration co-creating a public good. It is co-evolution that leads to transparency, which, alongside neutrality, brings trust as the basis for data sharing and collaboration. The goal is to establish a neutral entity backed by trustworthy and impartial actors to ensure continuity of the effort and solution for improved supply chain management. A public good is like a lighthouse, nobody can be excluded, and everyone benefits. VWT’s primary goal is to drive on-demand collaboration around specified shipments based on improved visibility through data sharing. The VWT Community members stay in full control of the data. Everything happens in their Towers, and the data that is pushed and not pulled is governed by a commonly accepted code of conduct. No central database, no central infrastructure, and no central control is needed. There is no star topology but an ecosystem enabling unit that sits with the VWT Entity that holds the rules, registries, and the key to participation in VWT. VWT can be perceived as the internet of watchtowers. A co-created solution...
Co-Developing a Digital Supply Chain Management Suite
Posted on: April 19, 2024
Posted on: April 19, 2024