Deloitte Veterans Are Launching a Tokenized Blockchain for Supply Chain

Former members of Deloitte's blockchain team are joining a new startup that seeks to bring a tokenized blockchain protocol to one of the world's most inefficient markets.

Announced Monday, a startup called Citizens Reserve is coming out of stealth, revealing it has hired former Deloitte global blockchain leader Eric Piscini, as well as at least two other former members of the firm's blockchain division, to its initial 32-person team.

Not short on ambition, Citizens Reserve is seeking to launch a permissioned blockchain protocol called zerv that the startup hopes will become an "Operating system for supply chain."

"We're building a supply chain middleware that sits on top of the blockchain and gives you all the fundamental pieces of the supply chain," Piscini explained.

In this way, Piscini said that the company's "Zerv network" will seek to build on top of existing blockchains like quorum and ethereum to create a technology that can match orders and track provenance on a supply chain that operates on a consortium model.

"If want to sell my product, I'll forecast the information I have coming up and I'll publish that on the platform. We match the order, provide the marketplace functions and the agreement will be logged on the blockchain. We don't put the individual asset on the blockchain."

If the details are still coming together, Piscini is confident that the supply chain will emerge as one of the more essential blockchain use cases, though one that is perhaps being held back by models that seek to use permissioned versions of the technology.

"What we want is to become the number one supply chain choice for everyrone who wants to do supply chain in the world."

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