Blockchain for F&B Supply Chain

Blockchain for F&B Supply Chain

Blockchain for Business

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About Us

Hanson Wade’s goal is to accelerate progress within organisations and across industries. Our primary method for achieving this is by creating exclusive business conferences that gather together the world’s smartest thinkers and doers.

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From Concept to Practicality

Unlocking the Value of Visibility from Field to Fork for Food Safety, Efficiency, Provenance & Consumer Trust

Given increasing regulatory and consumer pressures on ever more complex supply chains, the Food and Beverage industry must act now to ensure traceability, safety and transparency across its supply chain. Blockchain offers a solution that not only meets these requirements, but generates cost and time efficiencies, builds consumer trust and achieves market differentiation. The question is no longer WHY blockchain, but HOW can it be implemented?

Blockchain for F&B Supply Chain is the only dedicated meeting that brings together all key stakeholders across the supply chain to forge a path for collaboration and adoption of this transformative technology.

Whether you’re already involved in blockchain PoCs or still exploring the technology’s capabilities and opportunities, take away practical implementation guidance:

  • Leverage the potential of blockchain and identify which opportunities are most applicable to your business needs
  • Create a roadmap for blockchain adoption
  • Foster collaboration with all players across the supply chain and overcome cultural, technological and regulatory hurdles
  • Gain buy-in for blockchain initiatives by understanding its practical application requirements from early adopter use cases
  • Manage organizational change to avoid disruption and prepare for scalability

What previous Blockchain Real-World Application Conference attendees have to say:

“Great for both experts and novices in the
field to come together and share ideas” – CSL Behring

“Great conference for networking and
focusing on the practical aspects of deploying blockchain” – Novartis

“A gathering of people knowledgeable of the industry, regulation and technology, wrestling with the challenges and possibilities” – Center for Supply Chain Studies

Two Hedge Funds Beat Microstrategy with Massive Bitcoin Allocations

JPMorgan’s Stance on Crypto

The update is something of a U-turn for JPMorgan, known for its conflicted view on digital assets.

The company’s billionaire CEO and Chairman, Jamie Dimon, has been known for his skepticism surrounding Bitcoin, at one point describing the asset as a “fraud.” Since then, though, the bank has embraced blockchain technology, leveraging the power of Ethereum via ConsenSys’ Quorum

The change of view isn’t entirely surprising, though. Catalyzed by an uncertain economic climate in the midst of Coronavirus, BTC saw a wave of institutional interest for the first time in 2020.

The positive news for Bitcoin has continued into 2021.

It’s been climbing in price since hitting $20,000 for the first time on Dec. 16, which also marked the asset overtaking JPMorgan in market cap. Since then, the price has increased by 73%, registering a new all-time high of $34,684 on Sunday. 

Bitcoin Goes Six Digits

JPMorgan has suggested that Bitcoin could hit $146,000.

One of the company’s lead strategists, Nikolaos Panigirtzoglou, spoke of Bitcoin in reference to gold markets. He said: 

“A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term.” he said. “Bitcoin’s [current] market capitalization of around $575 billion would have to rise by 4.6 times – for a theoretical Bitcoin price of $146,000 – to match the total private sector investment in gold via exchange-traded funds or bars and coins.”

A 4.6x price increase would put Bitcoin’s market cap at $2.7 trillion. But the analysts also pointed out that Bitcoin’s price volatility is a point of concern for many institutional investors, so the $146,000 target would be on a much longer timeframe. 

Analysts also stated that a near term rally up to $100,000 is possible but “would prove unsustainable.” The long term price target would only be after a “convergence in volatilities” between Bitcoin and gold. 

Bitcoin Bulls Standoff

New reports have revealed that One River Asset Management invested $600 million in November at prices below $16,000. This is a whopping $175 million larger investment than the pioneer investment from Microstrategy Inc. in September. 

Microstrategy does hold more Bitcoin as the firm bought at an average price of $11,635. And as both CEOs have mentioned, the buying spree has only just begun. 

One River intends to increase its Bitcoin and Ethereum holdings to $1 billion in 2021. The CEO of One River, Eric Peters, told Bloomberg: 

“There is going to be a generational allocation to this new asset class. The flows have only just begun,” he said. “This is the most interesting macro trade I’ve seen in my career.”

One River’s innovative investment strategies based on volatility and trend saw their Long Volatility Fund and Dynamic Convexity Fund surge by 33% and 40%, respectively, during the COVID-19 crash. The firm oversees about $1.6 billion in total.

Further, Microstrategy has also raised $650 million from senior convertible notes to invest in Bitcoins. After the total purchase, the business intelligence firm is expected to regain the top position again. 

A British asset management firm Ruffer Investment currently leads the market with 45,000 Bitcoin worth $744 million of shareholder’s money.