In May 2017, Deloitte tweeted that 10% of global GDP would be built on top of blockchain applications. This huge and ambitious claim was made because of the transformative nature of the technology and the effect it will have on society. For logistics and transportation, it will have a bigger impact promising to shake up the $8T industry.
What is blockchain?
To put it simply, a blockchain is like a database, it’s a way of storing records of value and transactions. However, calling blockchain a new type of database is like saying email is a new way of sending people letters. While the blockchain is a database, that definition doesn’t explain the true genius behind how the blockchain stores records of value and transactions.
We continue our coverage of the technology and the impact on the freight markets and society as a whole.
To help the education process, we have prepared a blockchain glossary.
Manufacturing supply chains must deal with counterfeit parts. One company is hoping that its blockchain-based tracking solution can help solve that while also providing transparency in the freight supply chain.
Storing real-time data from aircraft and sea vessels on the cloud has been subject to a lot of debate, as the data that gets transmitted could be hacked in by people with nefarious motives. Blockchain could be a respite.
The Blockchain in Transport Alliance announces that it is working with the IEEE Industry Standards and Technology Organization (ISTO) to assist the Alliance in its standards activities.
One of the oldest and largest privately-held transportation companies in the United States has joined BiTA.
Adding blockchain to existing order fulfillment software product speeds up event recording required for invoice approval.
A blockchain solution adds transparency to the transportation space.
David Bryan and Kari Dwyer of Keyturn demonstrated at MarketWaves 18 how their product can solve the data verification challenge prevalent along the construction supply chain.
CargoChain aims to make it easier for all the parties in the supply chain - shippers, truckers, ports, authorities, everyone, to share what data they want, with who they want, how they want, when they want. It uses BlockChain to provide security and trust.
Routeique will bring its expertise in end-to-end supply chain management to the Alliance.
Trucking companies will already be aware of the difficulties of recruiting reliable staff and according to Jackfruit Systems those difficulties will get worseover the coming decade. So the development of Fleet Operate will help match available drivers to cargo ready for transportation.
Blocklet Trusted Vehicle Applications offer a trouble free method of recording and logging critical vehicle data as the truck is operating. The system sends a data packeage that is verified and posted to the blockchain promoting trust and transparency.
Srini Vasan and Terry Beaudine demonstrate at MarketWaves 18 a blockchain-secured expedited parcel service they claim reduces costs on domestic and international shipments.
applya Occupational Strategies (AOS), a leading employment screening technology company, announced today that it has joined the Blockchain in Transportation Alliance (BiTA).
MarketWaves features DLT Labs presenting Asset Track platform to increase transparency and communication between shippers and carriers.
We dig into the latest negative news cycle, and what challenges blockchain faces heading into 2019.
The Chattanooga-based team at Block Array have launched a blockchain product they call FreightTrust, legal platform for shipping documents.
Zoof-It, a Netherlands-based company that provides a last-mile blockchain platform that instantly rewards for parcel delivery in a convenient, inexpensive and responsible way, has joined the Blockchain in Transport Alliance (BiTA).
Aries Worldwide Logistics, a Houston-based international logistics provider with over 34 years of experience, announced that the company joined the Blockchain in Transport Alliance (BiTA).
BitNautic, an all-in-one hub for the global trade industry, has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
Full digital automation of shipping processes may be on the way, but what are the intermediary steps leading us there?
The conference attracted over 2,000 industry players and largely revolved around the topics of Asian connectivity, the impact of trade tariffs, and technologies that are revolutionizing the logistics industry.
Ambrosus enables consumers and supply chain stakeholders to have better trust over the products they receive or consume, by using sensors that communicate to the blockchain.
By joining BiTA, Orange Business Services confirms its co-innovation approach with customers and partners to help enable the wide adoption of blockchain applications in digital supply chain solutions by standardizing developed use cases.
dexFreight founders Hector Hernandez and Rajat Rajbhandari want the supply chain community to realize that blockchain is for them.
Hublock, a software solution based on data-sharing layer has joined the Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards relating to blockchain in the transportation/logistics/supply chain marketplace.
On Wednesday at the Texan Gaylord Resort and Convention Center, following MarketWaves18, members of the Blockchain in Transport Alliance (BiTA) met to receive updates on the organization’s progress toward data standards, hear announcements, share feedback, and learn about the work being done by BiTA’s think thanks.
BiTA member, Filament, demonstrated an important new product, and announced a major partnership this week.
Blockchain solutions, improved interfaces, artificial intelligence and a tool for the intermodal business.
The list continues: what will be shown at Demo Day in Dallas this year?
New group floats alternative blockchain solution for container trade.