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.
The blockchain-enabled global platform TradeLens will go offline by the end of the first quarter of 2023.
Circulor helps manufacturers track CO2 emissions and trace materials such as the cobalt, lithium and plastics in electric vehicle batteries throughout supply chains.
Blockchain in Transport Alliance professionals continue to push forward the development of standards for the use of blockchain-enabled business processes.
We are on the cusp of a golden age of technology-led innovation in supply chain.
In the oil patch, a significant share of logistics activity is highly repetitive. Blockchain can automate the payment processes.
Penn State professor Justin Goldston explains how technology such as blockchain can be used to create an ethical international supply chain.
MOBI CEO Chris Ballinger highlights the vast potential to be derived from vehicle information on distributed ledgers under shared standards.
Rak-Joon Choi, a vice president with American Tire Distributors, explains how blockchain technology can bring more efficiency and transparency to tire distribution and the larger supply chain during a Global Supply Chain Week fireside chat.
Jeffrey Curtis, the vice president of defense and supply chain at Simba Chain, discusses the importance of auditability of defense supply chains.
FreightWaves’ interviews are sure to spark discussions among industry insiders.
