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.
The Blockchain in Transport Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation/logistics/supply chain marketplace, is pleased to announce that GTG Technology Group has joined the Alliance.
Europe’s largest port becomes the third in the region to start testing distributed ledger technology.
The FreightWaves Research Institute has announced the list of 55 voters who will be choosing the inaugural winners of the Freight.Tech 25 awards, and it’s who’s who of freight leaders.
From on-demand trucking to blockchain, loadboards and freight matching, the list of companies bringing innovative technologies to the freight industry is growing by the day, which makes the 100 that have made the cut to be honored by the FreightWaves Research Institute as part of its inaugural Freight.Tech 100 all the more special.
The Blockchain in Transport Alliance (BiTA) is pleased to announce that BP, a global energy leader, has joined the organization.
BM recently announced that its food supply chain network, IBM Food Trust, has become generally available and is now open for any member of the food ecosystem to join. The network aims to improve food safety and reduce waste.
Syfan Logistics, a third-party logistics and transportation company, has joined the Blockchain in Transport Alliance (BiTA).
Chainstack, a multi-cloud and multi-protocol Platform as a Service that empowers businesses to rapidly build, deploy and manage decentralized networks and services, has joined the Blockchain in Transport Alliance (BiTA)..
Freight Alley expands with the addition of Grupo Sesé, Carrefour turns to blockchain, Airbus will name its new CEO, and more in Today’s Pickup.
EXL (NASDAQ: EXLS), a leading operations management and analytics company, today announced it has joined the Blockchain in Transport Alliance (BiTA).
Pantos Logistics, the leading logistics company in South Korea, has become the latest member to join the Blockchain in Transport Alliance (BiTA).
Industry participants want practical applications. They want to know what’s happening, and whether or not it’s an actual solution for their needs.
With the explosion in tech over the past few years in transportation, it’s increasingly urgent to provide real solutions with systems integration capabilities that let drivers, carriers, accountants, managers, and brokers tap into innovation and information.
Smart cities end up producing millions of data points every minute. City administrations need to wake up to the potential of data analytics and think of a way to utilize data and reduce urban traffic congestion.
In the latest BiTA webinar, we reviewed the state of blockchain with industry experts. Mitch Hixon, Executive Vice President of Membership Engagement, BiTA spoke with Rachel Parker Sealy, Partner, PwC Advisory and Kris Kersey, Director, PwC Advisory, providing insights from PwC's 2018 Global Blockchain Survey of 600 executives from 15 territories.
FedEx, the giant US courier company, proactive adopter blockchain technology and BiTA member, has joined Linux hosted open-source project Hyperledger to further advance the use of distributed ledger in logistics, and transportation.
R2 Logistics, Inc., a customer-focused third-party logistics (3PL) service provider, is the latest member of the Blockchain in Transport Alliance (BiTA).
Nasdaq listed technology firm Ideanomics (NASDAQ:SSC) has formed a joint venture with APMEN Trade Tech Co Ltd., to streamline ports in the Asia Pacific by using blockchain and artificial intelligence in the Port of Shanghai, currently the world's busiest port.
The two Koreas consider historic trade agreements in the middle of ‘Autumn Eve’, their peak shipping season.
BiTA participated in the Singapore Week of Innovation and Technology (SWITCH) 2018.
Britain’s largest ports operator looks to distributed ledger technology to ease cargo movements.
The Chicago based freight forwarder and 3PL announced that it has joined BiTA.
Financial services still the main industry testing blockchains as technology promises to ease transactions. cropping
Able Freight Services, a leading global cold chain logistics provider with 25 years in business, today announced it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices and standards for blockchain in the transportation industry.
We may have seen one of the most important legal decisions in the short life of cryptocurrencies. The precedent has been set that they can be regulated as securities.
Team Worldwide, a diversified global logistics provider that offers “best in class” logistics, freight forwarding, customs brokerage, truck transportation and other solutions for its customers around the globe, has joined the Blockchain in Transport Alliance (BiTA).
Getting participants to join the supply chain is “the number one challenge by far,” says Piscini. “We’ve created the platform to incentivize players across the industry.”
Ripe.io provides enterprise blockchain technology for the food and agriculture industry in an effort to create greater trust and transparency between food producers, contributors and consumers.
Freight Management Inc. (FMI), a certified veteran-owned and family-run technology- leveraged third-party logistics (3PL) provider, recently became a member of the Blockchain in Transport Alliance (BiTA).