Blockchain and Logistics -STOP- dating around already so you can get together and have a baby!
Sep 20, 2022
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John Ostler - CoFounder of Eight Bit Studios
The trucking and logistics industries are just beginning to scratch the surface of what blockchain can do for them. As the technology continues to evolve and become more widely adopted, it is likely that we will see even more innovative and transformative uses for blockchain in the trucking and logistics industries.
Are you guys tired of hearing about Blockchain? Or maybe you're tired of startups pivoting to blockchain or web3 automatically raising crazy sounds of funding. Maybe the crypto bubble has burst, but that doesn't mean there aren't industries that can take advantage of the new ubiquity of blockchain the finance industry has bestowed upon us. This post is exactly about that. TLDR; they should get married.
Blockchain is a distributed database that allows for secure, transparent, and tamper-proof record-keeping. This makes it well-suited for tracking the movement of goods across a supply chain. By tracking each step of the journey from origin to destination, blockchain can help to improve the efficiency of the trucking industry and make it more accountable.
One company that is helping groups leverage blockchain to track shipments is Blockchain in Transport Alliance (BiTA) , which was founded by a group of trucking and logistics executives. BiTA is working on developing standards for the use of blockchain in the trucking industry, as well as creating a platform for sharing data and tracking shipments.
Another company exploring the use of blockchain in trucking is Freightos, which has developed a blockchain-based platform for booking and tracking shipments. The platform allows shippers and carriers to connect and track shipments in real time, which can help to improve coordination and communication.
Blockchain is still in its early stages of development and it remains to be seen how it will be adopted by the trucking industry. However, the potential benefits of using blockchain to streamline supply chains and logistics are significant, and it is likely that we will see more companies experiment with this technology in the coming years.
The trucking and logistics industries are notoriously slow to change and adopt new technologies. However, the rise of blockchain is beginning to change that, as the trucking and logistics industries are starting to explore and experiment with different ways to use blockchain to improve their businesses. Here are some of the different ways blockchain is being used in trucking logistics:
Track and trace shipments.
Manage and track inventory.
Streamline and automate the billing and invoicing process.
Improve communication and collaboration between different parties involved in the trucking and logistics process.
Create a digital ledger of all shipments, which can be used to streamline the claims process in the event of damages or losses.
Create a more transparent and efficient supply chain.
Track and verify the authenticity of parts and products.
Monitor and record maintenance and repair records.
Store and share driver records and qualifications.
Create a smart contract system for the trucking and logistics industry.
The trucking and logistics industries are just beginning to scratch the surface of what blockchain can do for them. As the technology continues to evolve and become more widely adopted, it is likely that we will see even more innovative and transformative uses for blockchain in the trucking and logistics industries.
Are your friends, colleagues, and partners tired of talking about logistics? That's why I'm here. Don't be shy. DM me. Or comment below. We'll get through this life together.