Blockchain technology is a major disruptor in the supply chain. It stands to change the game as we know it by giving companies a better way to ensure traceability throughout vast supply chain networks. In order to properly disrupt the supply chain of today, you need to know everything there is to know about it.
The simple problem with “private blockchains” is that they discard everything you love about the decentralization revolution. Instead of open, trustless, censorship-resistant systems, ad campaigns whitewash you with a deluge of “solutions to public chain pain points,” like faster block times, lower fees, and higher transaction throughput, while throwing the proverbial baby out with the
Guest post by ShipChain's Director of Product Development, Daven Jones I get asked this question a lot in my day to day life. Friends, family, convention goers, technology meet up participants, people I see at the gym while donning my ShipChain t-shirt - pretty much everyone. In general, the vaguely and wonderfully curious. At first,
The use of blockchain and supply chain management (SCM) platforms can reshape how shippers approach everyone from consumers to carriers. A platform that combines blockchain and SCM has the potential to eliminate many of the laborious manual processes involved in tracking shipments and preparing them for transit. Instead of trying to answer the question, "Does our supply
In logistics and supply chain, we've all been approached about using blockchain technology as a solution to all of the issues the industry is riddled with. It's a buzzword that seems to be very hot right now, but often times, we’re not being told the whole story. Let’s get back to the basics for a
Determining the total cost of transportation is essential to understanding your company’s profitability. How quickly do customers receive products? How much are they willing to pay to receive those products faster? Were any shipments damaged or otherwise subject to cargo insurance claims? What could we as a company do better? Understanding the total cost of
Fraud in logistics is a major problem. So many resources are wasted on trying to negate the issues, and although numerous risk analytics systems have been developed to try to improve the situation, nothing has proven foolproof. Blockchain technology may be the closest thing we have to a solution, and therefore, it has the potential
From the creation of the Blockchain in Trucking Alliance (BiTA) to companies of all sizes developing blockchain-based supply chain management platforms, it is clear that blockchain is becoming a force to be reckoned with in freight and logistics. As blockchain gains prominence in the logistics industry, supply chain leaders need to understand who is using
Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. The applications of blockchain in supply chain management are growing, and supply chain leaders now have a unique opportunity to bring end-to-end visibility to the darkest and most secluded parts of their
In modern supply chains, communication and collaboration are everything. Systems that work together can ensure that all parties in the supply chain have access to the information and resources necessary to fulfill more orders and please customers. The introduction of blockchain technology is no different from traditional upgrades to supply chain management systems. Blockchain integration
