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.
Memphis-based is the latest BiTA member. Read about this interesting company’s purpose.
Distributed Ledger Technology (DLT) and blockchain is becoming more mainstream. Information about a new study of DLT provides details.
Trucks are omitted from a study analyzing congestion pricing options; YRC scraps satellite radio in cabs; FedEx drops Amazon in dollars-and-sense decision
The blockchain project is in collaboration with Daimler Trucks and seeks to secure and automate machine-to-machine payment processes.
Canadian Pacific Railway (TSX:CP) (NYSE:CP) has joined the Blockchain in Transport Alliance (BiTA). In joining the Alliance, CP is supporting BiTA’s mission of producing blockchain standards that allow for interoperability […]
Blockchain’s utility can only be realized if there is participation from every stakeholder within a value chain, and banks heavily on the quality of data being fed into its system.
For blockchain to improve visibility and accountability within food supply chains, its underlying data needs to be in order.
USPS’ pension problems could cost it more than money. CO2 as a KPI for freight? CPG edible firms need to start going online
There is an abundance of data coming out of food supply chains, and it is important for stakeholders to verify and validate these data points and leverage blockchain to functionally push supply chains forward.
It can be a rough business doing freight and logistics in Australia. And now, in the Australian capital city of Canberra, it looks like the last-mile drone delivery business has gotten a fair bit more… dangerous!
