Blockchain
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.
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UPS ships U.S. beef to Japan, traces movement via blockchain
UPS has partnered with agri-tech company HerdX to ship beef from the U.S. to Japan, while recording its provenance over a blockchain network.
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Tech Connections: Limited interaction between demand and supply creates downstream inefficiencies
With shippers and carriers unable to predict rates or capacity in the spot market from month to month, can a better alternative be developed by…
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Fashion supply chains can reduce counterfeiting and power inequality by adopting blockchain
Blockchain as a decentralized and immutable ledger can help stakeholders within fashion supply chains to improve trustability, reduce counterfeit products and increase labor equality across…
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Jim Handoush believed he was destined for Apple, but blockchain has ignited his passion
When Jim Handoush was growing up, he thought he was destined to work for Apple, which was in its infancy at the time. Today, Handoush…
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Commentary: Will auto companies bring blockchain into real-world supply chains first?
The global auto industry may be the first industry to use blockchain extensively. Read how and why.
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Blockchain for fishing scallops to help reduce food fraud
IBM Food Trust platform is collaborating with Raw Seafoods to use blockchain to create visibility within the seafood supply chain, starting with scallops fished in…
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Global Container Terminals joins IBM-Maersk blockchain group
Terminal operator joins TradeLens as it looks to align with ocean carriers and provide better box tracking.
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How blockchain is making the supply chain more trustworthy
Kayla Matthews explains some of the global uses of blockchain in logistics and supply chain.
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Commentary: Wolfgang Lehmacher – a profile in supply chain, innovation and technology
Market Voice Brian Aoaeh has a fascinating interview with Wolfgang Lehmacher,, an expert on global supply chains (and much more)!
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Supply chain management specialist Lynkit joins BiTA
Significant gains expected from real-time kinematics for the port logistics and trucking industry.
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