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.
Microsoft and IBM’s enterprise blockchain projects consume a lot of media bandwidth, but there is more exciting and ambitious work being done in transport and logistics by a thriving community of startups.
53% of the survey respondents had never heard of blockchain before, with only 18% able to correctly identify what the technology actually is.
JP and Zach Strickland were at the McLeod CFO conference at the Westin in Nashville. We sat down with BiTA Managing Director and co-founder (and FreightWaves CEO!) Craig Fuller and McLeod's VP of Special Projects Ken Craig, also a BiTA cofounder, to talk about the history of the Blockchain in Transport Alliance. We talk about technology alliances, intellectual property, data standards, and, of course, the promise of blockchain.
Blue Horseshoe, a global software and services firm specializing in supply chain and logistics, has joined the Blockchain in Transportation Alliance (BiTA).
World’s largest shipping company and information tech giant aim for frictionless trade with TradeLens
Omnichain Solutions (Omnichain), a supply chain technology startup that leverages the power of Blockchain, announces it has joined the Blockchain in Transport Alliance (BiTA).
MercuryGate International, Inc., a leading provider of transportation management system (TMS) solutions, announced today that the company has joined the Blockchain in Transport Alliance.
Tranzport, a logistics technology and services company, has announced it has joined the Blockchain in Transport Alliance (BiTA).
Collabrian Design and Technology, a provider of digital transformation solutions to the transportation and logistics industry, has become the newest member of the Blockchain in Transport Alliance (BiTA).
Maverick Transportation LLC, is excited to announce it has joined the Blockchain in Transport Alliance (BiTA).
Hapag-Lloyd believes that data standardization would help various stakeholders to collaborate together and improve the supply chain efficiency in the maritime industry.
ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.
According to CB Insights, “the maritime shipping industry accounts for 90% of global trade and is only now beginning to leverage technology. This shift could have far-reaching impact on retailers, consumer goods companies, manufacturers, and more.”
With this important industry in mind, CB Insights hosted a July 24 webinar to “explore how shipping companies and global ports are utilizing automation and blockchain technology to revolutionize the shipping industry,” taking a look at various aspects of the supply chain along the way.
Among today’s highlights: a drop in spot rates, Werner comments on driver availability, Rhode Island collects more than expected
Chainyard, North Carolina’s largest blockchain specialist, announces its alliance with Blockchain in Transport Alliance (BiTA).
Panelists from Redwood Logistics, Slync, the Trusted IoT Alliance, and Flux Protocol discussed the difficulties of pushing adoption of blockchain-powered IoT devices, despite the technology’s obvious potential.
In a speech attacking the very premises of decentralized cryptocurrency exchanges, BitMEX CEO Arthur Hayes laid out what traders really care about, and what makes futures exchanges successful.
Wolf Direct, an emerging U.S. transportation solutions provider has announced their membership in the Blockchain in Transport Alliance (BiTA).
Laboratory grown meat is coming to the market soon, and this could disrupt traditional food supply chains as the trucking industry might haul lesser livestock in the future.
The FedEx Institute of Technology is partnering with Good Shepherd Pharmacy to build a new blockchain infrastructure in Memphis to help get needed cancer medications into people’s hands.
APL Logistics, a provider in integrated logistics, has become the latest member of the Blockchain in Transport Alliance (BiTA).
Tiger Spider, a Australian transport engineering consultancy believes blockchain and data standardization would be integral to creating an efficient and profitable freight transportation system.
Jack Cooper Holdings and Logistics, a specialty transportation and logistics provider, announced its membership in the Blockchain in Transport Alliance (BiTA) today.
Creating private data for separate nodes on a Fabric channel was kind of complicated and cumbersome, but now it’s easy, making meaningful collaboration between businesses a real possibility.
South Korea-based Lotte Global Logistics announced that it has joined the Blockchain in Transport Alliance (BiTA).
Chubb, the world’s largest publicly traded property and casualty insurer, recently became an industry association member of the Blockchain in Transport Alliance (BiTA).
VOLT Technology, a post-ICO startup using the power of blockchain to provide companies, individuals and couriers a decentralized platform that manages point-to-point (P2P) deliveries, has joined BiTA.
SF Holdings, a leading integrated logistics and supply chain service provider based in China, has joined BiTA.
General Electric has filed a patent that draws out its plan on using blockchain in validating and verifying 3D-printed products making its way into its supply chain.