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.
SpotSee, the global leader in shock and vibration monitoring through low-cost connectivity and data, is joining the Blockchain in Transport Alliance (BiTA) to help develop the standards for blockchain in the transportation market.
RevUnit, a digital strategy and product studio with clients in the logistics space, has joined the Blockchain in Transport Alliance (BiTA) to help industry leaders work toward common blockchain standards.
Dale Huang, the CTO of COSCO Network e-Logistics spoke about the importance of blockchain in the logistics and shipping world and how he expects the technology to gain centerstage in the near future.
SEC’s Jay Clayton has dismissed the idea of amending securities law to suit ICOs and mentioned that if IPO comes with a token it should be considered a security.
K & L, a privately owned full-service transportation and supply chain solution provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
SAP announced the expansion of its SAP Leonardo Blockchain technologies, through which the company hopes to create immediate business value for its clients.
Turns out, of blockchain’s many potential (and developing) applications, few could be as game-changing as what it would mean for the food industry.
Tranzlogix, a technology solutions company for the transport industry, has joined BiTA.
There are technology solutions out there for the smaller carriers, but they may be expensive or not designed for the littler guys.
ShipChain, a startup hoping to integrate global shipping logistics on the blockchain, has been hit with a cease-and-desist order from the Securities Division of the South Carolina Attorney General’s Office. The order regards the $30M presale of the company’s token, SHIP, which ended in January 2018.
Don Tapscott offered a bold, near-utopian vision of the transformation that blockchain will bring to the global economy and the nature of the corporation itself.
Norfolk Southern (NYSE: NSC) today announced it has joined the Blockchain in Transport Alliance.
Everything has a supply chain if you think about it. How we make, design, and deliver is changing.
The final session of Demo Day on Tuesday at FreightWaves’ Transparency18 conference did not disappoint, building on the success of the first three sessions and closing out the day, which ended with a BBQ sponsored by Triumph and a performance from the Emerald City band for attendees.
If there was one obvious theme of the second demo period at FreightWaves’ Transparency18 event on Tuesday, it was blockchain. Six of the nine presenters in the session demonstrated solutions that involved blockchain technology.
HCL Technologies, a leading global technology company, today announced it has joined the BiTA.
Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies for the development and implementation of blockchain standards in the freight industry.
Obtaining data that is both clean and usable remains a challenge for the industry, one that blockchain is promising to solve.
We may not have seen full-scale industrialization with blockchain applications just yet, but we’re not in the early days anymore. Big change is coming.
As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.
Smart contracts will lower the labor costs—and thus the price—of receivables factoring, but don’t expect same-day payments because the technology won’t change fundamental capital requirements, says Triumph’s Jordan Graft.
The top managers in the space are acknowledging that cryptos are a thing, but just how much of your net wealth should you put into them?
BiTA announced it would be forming Think Tanks to help identify industry pain points that blockchain could help solve. The Alliance also said the first BiTA Standards should be out before the end of 2018.
The new Blockchain in Supply Chain Alliance (BiSCA) is designed to meet the needs of supply chain participants looking for education and guidance on the development of blockchain standards.
Intelligent Audit will demonstrate Intellichain, an end-to-end payment verification and processing blockchain for the transportation and logistics industries on Tuesday at Transparency18.
Scroll Network announced its affiliation with the Blockchain in Transport Alliance (BiTA).
Blockchain systems, to have an impact, will need to speak to each other. Standards are needed to make that happen.
Consolidated Chassis Management has joined the Blockchain in Transport Alliance (BiTA).
Roadrunner Transportation Systems announced today that it has joined BiTA, a group dedicated to implementing standards for the digitalization of the supply chain.
There’s nothing done at large scale today. That’s just not reality. There’s still more questions than answers. But what is being done, and how?