Even as technology percolates within supply chains, logistics operations continue to be fraught with visibility issues. This problem stems from logistics stakeholders struggling to trust their partners both upstream and downstream in the value chain, jeopardizing data interconnectivity and the resulting efficiency gain.
Blockchain as a technology can be a powerful tool to infuse trust into a value chain, especially in situations that require transactions to be made based on data arising from...
Tachyon, maker of the revolutionary, machine learning-based logistics platform, announced that it is joining the Blockchain in Transport Alliance (BiTA). As part of BiTA, Tachyon will participate in devising standards and best practices for the use of blockchain technology in the transportation industry. With this move, Tachyon is joining other industry leaders, such as Descartes, Daimler, FedEx and Uber Freight in support of blockchain-based solutions for the industry.
“We feel there is a...
https://s29755.pcdn.co/news/tachyon-joins-blockchain-in-transport-alliance
Though blockchain as a technology has shown great promise within the logistics industry, mainstream blockchain adoption has been left wanting. This resistance to adoption comes from the need for data standardization. Without proper data standards, blockchain within supply chains would not work, as data being shared cannot be interoperable.
Standards organization GS1 US has been active within the blockchain circuit, introducing data standards that could eventually lead companies to build their...
https://s29755.pcdn.co/news/without-data-standards,-blockchain-technology-is-irrelevant
The BiTA Symposium @HOME on June 10 featured speakers presenting blockchain use cases and possibilities across various verticals within the supply chain industry. They illustrated ways to leverage blockchain to bring more transparency and visibility into logistics operations. In a series of two digests, FreightWaves attempts to outline key aspects of those talks individually.
Founded in August 2017, the Blockchain in Transport Alliance, or BiTA, has become the largest commercial blockchain...
https://www.freightwaves.com/news/bita-symposium-home-blockchain-in-logistics-discussions-part-1