Meet Dan McMorris. I had the opportunity to sit and interview Dan last week for my second ever interview for my recently-launched “Space Blockchain Club”. I was introduced to Dan by Charlie McGillis. Dan is the Co-founder and current Chief Strategy Officer of The Provenance Chain Network (PCN). He is a graduate of the Eisenhower School. With over 2 decades in supply chain and logistics, Dan claims that the number one pain point in supply chain visibility is found in protecting intellectual property through multiple tiers.
Dan and others at PCN refer to blockchain technology as Distributed Ledger Technology (DLT). PCN strives to point DLT towards enterprise use-cases. Currently, PCN is using encryption and hashing to provide the verifiable credentials of what they call the “5 P’s of commerce”: People, Parties, Products, Processes, and Places.
PCN uses a distributed system of evidence (via encryption and hash function) to:
1. Document compliance
2. Register data privacy by means of “data property ownership”
3. Capture (immutably) the results of evaluations of evidence against oversight requirements
By doing this PCN allows sellers to make accurate claims about their products by publicly disclosing the results of certain evaluations by means of “selective disclosure”. Additionally, since PCN is using multiple blockchains, they refer to “smart contracts” (often times associated to a singular blockchain) as “engines”. These engines all have requirements with incentives for claims and evidence so PCN often uses the term “R.I.C.E. Engines”.
PCN has historically used RICE Engines to improve Quality Assurance at various businesses from processes that took 1 week down to as low as 2 minutes/ Contract reviews that took multiple months down to 5 minutes- all while protecting Intellectual Property (IP).
While not fully cognizant of modern space operations, Dan imagines a world in future where the immutability of blockchain will help spacecraft decide what do with certain payloads. What an exciting time to be alive!
Enjoy the video content!