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.
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 blockchain news coverage of the technology and its impact on the freight markets and society as a whole.
Dale Huang, the CTO of COSCO Network e-Logistics spoke about the importance of blockchain in the logistics and shipping world and how he expects the technology to gain centerstage in the near future.
SEC’s Jay Clayton has dismissed the idea of amending securities law to suit ICOs and mentioned that if IPO comes with a token it should be considered a security.
K & L, a privately owned full-service transportation and supply chain solution provider, recently became a member of the Blockchain in Transport Alliance (BiTA).
SAP announced the expansion of its SAP Leonardo Blockchain technologies, through which the company hopes to create immediate business value for its clients.
Turns out, of blockchain’s many potential (and developing) applications, few could be as game-changing as what it would mean for the food industry.
Tranzlogix, a technology solutions company for the transport industry, has joined BiTA.
There are technology solutions out there for the smaller carriers, but they may be expensive or not designed for the littler guys.
ShipChain, a startup hoping to integrate global shipping logistics on the blockchain, has been hit with a cease-and-desist order from the Securities Division of the South Carolina Attorney General’s Office. The order regards the $30M presale of the company’s token, SHIP, which ended in January 2018.
The logistics sector faces immense pressure—to be better, faster, and less expensive. A significant amount of pressure has been applied to nearly all industries by disruptive conglomerate Amazon, which has single-handedly changed expectations of consumers everywhere.
Don Tapscott offered a bold, near-utopian vision of the transformation that blockchain will bring to the global economy and the nature of the corporation itself.
Norfolk Southern (NYSE: NSC) today announced it has joined the Blockchain in Transport Alliance.
Everything has a supply chain if you think about it. How we make, design, and deliver is changing.
The final session of Demo Day on Tuesday at FreightWaves’ Transparency18 conference did not disappoint, building on the success of the first three sessions and closing out the day, which ended with a BBQ sponsored by Triumph and a performance from the Emerald City band for attendees.
If there was one obvious theme of the second demo period at FreightWaves’ Transparency18 event on Tuesday, it was blockchain. Six of the nine presenters in the session demonstrated solutions that involved blockchain technology.
HCL Technologies, a leading global technology company, today announced it has joined the BiTA.
Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies for the development and implementation of blockchain standards in the freight industry.
Obtaining data that is both clean and usable remains a challenge for the industry, one that blockchain is promising to solve.
We may not have seen full-scale industrialization with blockchain applications just yet, but we’re not in the early days anymore. Big change is coming.
As blockchain technology works its way into the transportation ecosystem, there is remains plenty to learn about its potential, but its success will depend on multiple parties working together.
Smart contracts will lower the labor costs—and thus the price—of receivables factoring, but don’t expect same-day payments because the technology won’t change fundamental capital requirements, says Triumph’s Jordan Graft.
The top managers in the space are acknowledging that cryptos are a thing, but just how much of your net wealth should you put into them?
BiTA announced it would be forming Think Tanks to help identify industry pain points that blockchain could help solve. The Alliance also said the first BiTA Standards should be out before the end of 2018.
The new Blockchain in Supply Chain Alliance (BiSCA) is designed to meet the needs of supply chain participants looking for education and guidance on the development of blockchain standards.
Intelligent Audit will demonstrate Intellichain, an end-to-end payment verification and processing blockchain for the transportation and logistics industries on Tuesday at Transparency18.
Scroll Network announced its affiliation with the Blockchain in Transport Alliance (BiTA).
Blockchain systems, to have an impact, will need to speak to each other. Standards are needed to make that happen.
Consolidated Chassis Management has joined the Blockchain in Transport Alliance (BiTA).
Roadrunner Transportation Systems announced today that it has joined BiTA, a group dedicated to implementing standards for the digitalization of the supply chain.
There’s nothing done at large scale today. That’s just not reality. There’s still more questions than answers. But what is being done, and how?
FreightOptics, the freight auditing and optimization software with business intelligence, cost allocation capabilities, and a web-based transportation management system, announced today it has been admitted to the Blockchain in Transportation Alliance (BiTA).
Brad Taylor, VP of data and IoT at Omnitracs, spoke to FreightWaves about the intersection of ELDs and blockchain technology before the BiTA spring symposium next week.
Learning Machine has developed an application for issuing and verifying official records using the blockchain as a secure encrypt of trust, which could help reduce driver identity fraud and loss of freight to theft.
Suddath Global Logistics (SGL), a division of The Suddath Companies, joined the Blockchain in Transport Alliance (BiTA).
According to at least one analyst, Tesla may be putting its ambitious Semi project on hold as it tries to solve its many other issues, including Model 3 production.
Continuing its commitment to leveraging emerging technologies, the Florida East Coast Railway has joined the Blockchain in Transport Alliance (BiTA).
Today, CJ Logistics announced it has joined BiTA, an alliance of companies in the freight space dedicated to developing global, open-source standards for the use of blockchain technology in the supply chain.
OmniTRAX, Inc., one of the largest privately held transportation service companies in North America and an affiliate of The Broe Group. has joined BiTA.
Gil Perez, Senior VP at SAP discussed the impact of blockchain in the transportation and logistics industry and the need of consortiums to expedite adoption.
Realizing the power of blockchain technology, dexFreight has joined BITA.
Dicom Transportation Group has joined the Blockchain in Transport Alliance (BiTA) in an effort to help shape blockchain standards across the transportation industry.
Agile Blockchain Corp. has announced its alliance with the Blockchain in Transport Alliance (BiTA).
Great Dane announced it has joined the Blockchain in Transport Alliance (BiTA).
The industry in the Netherlands makes it the Wall Street of flowers.
TRAC Intermodal has joined the Blockchain in Transport Alliance (BiTA), an organization for the development of blockchain standards and education for the transportation industry.
IBM launches a blockchain network to track gold and diamonds across the supply chain.
Kansas City Southern (KCS) (NYSE: KSU) announced today it has joined the Blockchain in Transport Alliance (BiTA).
The latest case of E. coli outbreak is just another example of the impressive capabilities already at our disposal.
Between automation and visibility through constant technology gains and application, SprintShip is striving for perfection in a highly complex and complicated logistics process.
Blockchain has been touted as one of the most revolutionary pieces of technology since the invention of the internet. While hype continues to pick up speed, the most innovative organisations have moved beyond talk and are actively deploying pilots leveraging the technology into supply chain and logistics networks.
NFI, a leading supply chain solutions provider, recently became a member of BiTA.
Precision Software, a provider of global trade management and transportation execution solutions, today announced it has joined BiTA.
The activity is growing as developers seek to produce ledger-based solutions
Custom Pro Logistics, a Cincinnati based 3PL, has announced its membership in BiTA.
Chain.io, a provider of systems integration services for logistics providers, proudly announces that it has joined the BiTA.
We’re all technology companies, a leading UPS executive tells the huge supply chain exhibition.
A Freightwaves-sponsored webinar on the future of blockchain in the trucking and transport sector.
Sudu, a marketplace technology company, is the newest member of BiTA.
McLeod’s VP of Special Projects and BiTA co-founder Ken Craig recounted the early days of the Blockchain in Transport Alliance and explained the importance of data standards to the transportation industry.
Fraight AI, the industry’s first AI-enabled freight brokerage, announced today that it has joined BiTA.
ORBCOMM Inc., a global provider of industrial Internet of Things (IoT) solutions, today announced that it has joined BiTA.
PAM Transport, Inc., a top 100 largest For-Hire Carrier in North America, announced today that it has joined BiTA.
Enterprise technology provider will conduct product demo at Transparency ’18 and work with leading logistics companies to educate the market on blockchain applications, standards and best practices
In June, panelists at SMC³’s Connections 2018 will continue the blockchain conversation.
IBM is building a computer that’s smaller than a grain of salt and is a part of IBM’s crypto anchor program that plans to use blockchain to improve supply chain transparency.
Chainworks announces its alliance with Blockchain in Transport Alliance (BiTA).
ThreatAdvice a provider of cybersecurity education, awareness and threat intelligence announced today that it that it has been admitted into the Blockchain in Transport Alliance (BiTA).
Zurich-based tech company Nexiot and German firm VTG Aktiengesellshaft hope to improve the way VTG’s 80,000 railcars assets are tracked by applying blockchain technology.
How can it be possible that the government—the source of the lawmaking regulatory bodies—would actually praise a technology that is being censored from major internet platforms?
Blockchain’s digital potential for the supply chain industry is gaining so much traction because of the inefficiencies of tracking goods through so many paper-based sources and multiple interfaces.
PLM, a leader in technology-driven fleet management solutions for refrigerated trailers, announced today that it has joined the Blockchain in Transport Alliance (BiTA).
UniGroup, a leading transportation and logistics company that owns two of the nation’s largest moving company brands–Mayflower and United Van Lines–has joined the Blockchain in Transport Alliance (BiTA).
Fleet management technology provider EROAD adds expertise to growing coalition developing blockchain standards for the freight industry with BiTA membership.
At Macquarie’s Montgomery Summit, Paul Brody, EY’s Global Innovation Leader for Blockchain Technology, laid out a framework to determine whether a given use case would be better served by blockchain or a centralized database.
While blockchain and Bitcoin were invented simultaneously, there are a lot of applications of blockchain technology in transportation and logistics that don’t depend on cryptocurrencies.
Looking at the status of smart contracts, supply chains and the role of tokens.
“We are committed to creating technology to enable drivers to improve their lives,” says Konexial CEO, Ken Evans.
The spot market isn’t under the jurisdiction of the CFTC, a commissioner tells an industry conference.
How tracking every point in the Champagne supply chain has possibilities for trucking.
OriginTrail, a European developer of blockchain protocols specifically for the supply chain, announced today that it has joined the Blockchain in Transport Alliance.
Filament, a leading developer of blockchain-native software and hardware, announced this morning that it has joined the Blockchain in Transport Alliance (BiTA).
Beatsk Micro, a technology-consulting firm with core expertise in logistics, transportation and distribution, has joined the Blockchain in Transport Alliance (BiTA).
Livingston International Inc., a leading provider of freight forwarding, customs brokerage and trade-consulting solutions, announced today its membership in the Blockchain in Transport Alliance.
Aria Logistics, a women-owned logistics company located in the northeast, is proud to announce its partnership with the Blockchain in Transport Alliance.
Match Factors, a pioneering invoice factor based in South Carolina, announced that it has joined the Blockchain in Transport Alliance (BiTA).
North America’s largest manufacturer of electric-diesel locomotives, and a global leader in transportation technology, announced that it joined the Blockchain in Transport Alliance today.
Driver recruiting, media, data application expert, Ken Smith, joins the FreightWaves team as CTO.
Intelligent Audit, a technology leader in freight audit and payment, supply chain data analytics, and contract optimization, announced today that it has been admitted into the Blockchain in Transport Alliance (BiTA).
College students should benefit from the University of Central Arkansas membership in the Blockchain in Transport Alliance through access to the development of the cutting edge technology.
The University of Central Arkansas has announced it has joined the Blockchain in Transport Alliance (BiTA), a forum for the development of blockchain standards and education for the transportation industry.
American Global Logistics, a company that serves small to mid-sized companies, is looking to leverage blockchain to create a more transparent and effficient supply chain network.
Leading commodities, markets-data news, and blockchain expert joins FreightWaves as Executive Editor and BiTA’s Head of Member Engagement.
SkyCell has 1,000 high-tech refrigerated air freight containers circulating through the global biopharmaceutical cold chain. They’ve reduced temperature deviations from a global average of 8.5% to less than 0.1%.
Transportes Innovativos is pleased to announce it is the first Mexican Truckload carrier to become a member of the Blockchain in Transport Alliance (BITA).
Ondiflo, a joint venture between Amalto SA and ConsenSys is using blockchain to automate ticketing processes in the oil and gas industry.
There are no shortage of ICOs in the market, all of them boasting of their abilities to disrupt markets with distributed ledger technololgy.
With blockchain-based credentials, or Blockcerts (an open source standard developed by Learning Machine and the MIT Media Lab), risk management can now extend to the driver level.
DLT Labs announced today that it has joined the Blockchain in Transport Alliance, a forum for the development of blockchain standards and education for the freight industry.
Transplace, a leading provider of transportation management services and logistics technology solutions, today announced that it has joined the Blockchain in Transport Alliance (BiTA), the largest industry-specific blockchain standards organization in the world.
Unilever has pulled back the veil of secrecy on its palm oil supply chain hoping that greater transparency into the process can create greater efficiencies.
Trying to wrap your head around blockchain is not easy. No fear- we use college basketball to explain it.
