Robert Betts Announced CEO of BLOCNETS

Betts brings more than two decades of expertise implementing and
operating extended supply chains across multiple industries

ALPHARETTA, Ga.–(BUSINESS WIRE)–BLOCNETS,
Inc.,
the intelligent supply chain on the blockchain, today
announced that Robert Betts has been named chief executive officer.
Betts is a supply chain executive with more than 20 years of experience
implementing and operating complex supply chains across multiple
industries.

As CEO, Betts will lead a team of developers and engineers utilizing
blockchain technologies to bring greater transparency, security, and
accountability to today’s complex, extended supply chains. He is
responsible for leading the company’s overall operations with direct
oversight over corporate strategy, research and development, and sales
and marketing.

We are extremely pleased to have Bob’s expertise and leadership as we
work to transform supply chain innovation,” said Tony Gann, BLOCNETS
chairman of the board. “With more than two decades of supply chain and
enterprise software experience, Bob has the management and operations
track record we need to bring blockchain technologies to a complex and
diverse set of industries.”

Betts has been with BLOCNETS since the beginning, helping to build the
software company and its products since the company’s official formation
in March 2018. Before joining BLOCNETS, Betts was co-founder and CEO of
MainStreet Applications, a business consultancy that uses data analytics
and supply chain processes to re-engineer companies. Clients included
WhiteWave Foods, Frito-Lay, Raytheon, and Proctor & Gamble.

Betts has served as senior vice president of global supply chain for
SAP, where he took the SAP products he helped define to help SAP achieve
multi-year, marketplace dominance. In this role, he led SAP’s
transformation into value-based selling and solution delivery.

Other roles Betts has filled over the course of his career include head
of IT at Riverwood International (now Graphics International) and
various management and technical roles at IBM, where he started as an
associate engineer and scientist. Betts is a founding member of the MIT
Supply Chain Forum, and is named on 64 global patents.

We have a great team at BLOCNETS,” Betts said. “This team has delivered
BLOCNETS’ first product to market (RATIO), which is supporting the
operations of extended supply chains today.”

About BLOCNETS, Inc.

Founded in 2018, BLOCNETS is committed to bringing the power of
blockchain technologies to supply chains around the world. The company’s
proven solutions deliver a true peer-to-peer network that uses secured
distributed ledger technologies to integrate all companies in the
extended supply chain, from the smallest businesses to Fortune 500
enterprises. BLOCNETS products are built on the HyperLedger Fabric
blockchain technologies of SAP, AWS, and IBM, and are integrated with
IoT messaging and sensors, machine learning tools, and data
analytics—all delivered from a secured cloud platform. Using BLOCNETS
products, organizations of all sizes can achieve unprecedented levels of
transparency, security, and accountability across their extended supply
chains, revolutionizing their business performance.

Contacts

WellSaid: Andrea Carlos, [email protected],
503-740-9066

BLOCNETS: Tracey Moore, [email protected],
678-737-1330

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