SUKU Supply Chain-as-a Service Onboards Blockchain Heavyweights to Advisory Board
Supply Chain-as-a Service Platform SUKU Onboards Blockchain Heavyweights on their Advisory Board
Citizens Reserve, a blockchain startup has announced that it will be hiring five top executives to join its board of advisors of its SUKU blockchain platform.
Among those blockchain heavy weights joining this startup include renowned blockchain author, Michael Casey, who is also CoinDesk’s advisory board chairman; founder and managing partner of HCM Capital, Jack Lee; co-founder and CEO of Bittrex Exchange, Bill Shihara; co-founder of Earn.com, that has just been acquired earlier this year by Coinbase, Lily Liu and co-founder of Bloq and Tally Capital founding partner Matthew Roszak.
Citizens Reserve announced the launch of SUKU last week. This blockchain-based ecosystem is designed to improve supply chains processes by making them more efficient, transparent and secure. It will do this by enabling a “supply-chain-as-a-service” platform to businesses. The five key advisors are meant to support the SUKU’s strategic development and assist in implementing the supply chain-as-a-service concept of this platform to enhance supply chain management.
Casey notes that in todays business supply chains, there is a lot of large-scale inefficiency and wastage that leads to unnecessary expenses and contribute to environmental pollution as well as health threats to human beings. He asserts that there is a great opportunity to approach these challenges and devise solutions using new information technologies available in the blockchain technology.
The SUKU platform, that is now on-demand is looking forward to becoming a one stop shop where trading partners can get feature-rich supply chain software. Among the tools found on this platform include on-boarding and profile management tool, tools to track and manage orders, a marketplace with a reputation system among other supply chain tools. SUKU platform enables technology partners to develop applications and services that can be used supply chain participants in an ecosystem that is continually evolving and self-sustaining. The platform’s native token will be used to reward and give partners contributing to the platform with incentives.
In an interview with FreightWaves, the Chief executive Officer (CEO) of Citizens Reserve, Eric Piscini said that this is a platform for various participants within the supply chain, and that it is on demand. He also noted that it is challenging to design such an ecosystem, and that it can be used for any duration of time, including for just a single transaction.
In his statement, Piscini says that they have designed a very unique system. It is completely open and available for everyone. It is open for on-boarding, placing orders as well as using services. This open system makes it easy to have a transparent platform that users can trust.
SUKU looks forward to maximizing on the abilities of two serious blockchains: Ethereum and Quorum. SUKU wants to use the public Ethereum blockchain to deal with supply chain payments and the permissioned Quorum blockchain to work on transactions like offers and bids that requires confidentiality.
Piscini is an industrious individual having grown Deloitte’s blockchain staff from just three individuals in 2012 to a staggering 1,200 it currently has. He joined Citizens Reserve in May this year together with two other individuals that were formerly part of the firm’s blockchain division when the firm was still at its founding stages.
Citizens Reserve is also working in a number of other projects in addition to SUKU. Among these other projects is ZERV a decentralized commerce platform that enables smooth transactions between and among key participants in the defense industry and among manufacturers, distributors, suppliers, retailers and consumers.