A week before members of the Blockchain in Transport Alliance (BiTA) meet in Atlantaāthe day before Transparency18, it should be notedāthe telematics and SaaS firm Omnitracs wanted to underline the importance of public blockchains and open data standards. FreightWaves spoke to Brad Taylor, VP of Data and IoT Solutions at Omnitracs, by phone on Friday afternoon.
āObviously weāre a participant in BiTA,ā began Taylor, āand we feel like when weāre talking about that organization in general, the guiding concepts were that itās a participatory effort with an industry focus and a mandate around common standards, which is important.ā
āWe believe that while thereāll be some private blockchain and distributed ledger initiatives, we think itās important to have an open blockchain and structure,ā Taylor continued.
Taylor was referring to the difference between public and closedāor āpermissionedāāblockchains. Permissioned blockchains would function as a private system, with verifying nodes tasked and authorized by a central authority, instead of completely open to the public. Nikolai Hampton wrote in Computerworld that āmany in-house blockchain solutions will be nothing more than cumbersome databases.ā Taylor said that Omnitracs realizes that the best way to add value up and down the supply chain is with a publicāor semi-public, āconsortiumā blockchaināwith diverse participants.
Omnitracs thinks that even with an open network, managing privacy will be fairly easy. Taylor spoke about managing privacy āat a global or granular scaleā, meaning that not only an individual party to a smart contract be able to selectively release identity-proving information in any given transaction, but also that entire companies will have their data anonymized so that a competitor canāt aggregate their data and reverse-engineer it to get a look at their rivalsā operations. āYou could disclose certain kinds of information about a driver to an LTL customer that required it, but hold that same attribute back from another customer who did not require it,ā said Taylor.
Taylor said that Omnitracs is still waiting for all of the regulatory dust around the ELD mandate to settleāhe cited a few well-known exceptions and deferrals that have not yet been resolvedābut expects that Omnitracsā ELDs will be crucial inputs for the blockchain. āWe donāt want to embark on something immediately until all the outstanding items are resolved,ā said Taylor. āI donāt see the lack of regulatory clarity as a huge negative,ā Taylor continued, āthe critical thing is that progress [at BiTA] is being made and weāre likely to see conceptual alignments in the forum BiTA is defining around the time that everything is settled around the ELD mandateā¦ thatās the point where you move beyond the science experiment stage in your own company to looking to do something more concrete, especially with ELDs.ā
āOne thing we think is interesting to us because it transcends short-haul and long-haul is chain of custody: from pharmaceuticals to cold chain, to volatilesā¦ these are areas where, you know, there is no single common peer to peer history, which can be very important for each link in the supply chain, from the transportation and storage to handling,ā said Taylor. āIt could also provide information on the trailer and the driver. Custody chain looks very interesting. In addition to ELDs, thereās other on vehicle opportunities where blockchain can be of interest, like DOT inspection requirementsāat some point it might be valuable to have that recordā¦ currently these records arenāt mandated to be electronic. We have customers that use our predictive analytics to forecast noncompliance with DOT reportables.ā
One of the reasons why Omnitracs is such an enthusiastic BiTA member is that the firm wants to make sure data standards have been established before it tries to develop a blockchain-based product. āWe want to be a supportive peer with a reasonable computational cost,ā said Taylor. āWe believe that there will still be opportunities for us to facilitate significant transactions even if we wait for the standards to emergeā¦ weāre big enough, and connected enough to fuel and service providers that there will be still enough opportunities to do that. There are a lot of exciting opportunities to use blockchain, ELDs being one of the many, but we view our effort as one that will be emphasizing alignment with the other industry players, as opposed to being out of step with whatās good for the industry.ā
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