From an excellent presentation I participated in today by Dr. George Polak of Wright State on Blockchain in the Supply chain.
" ... Blockchain in Trucking Alliance (BiTA) comprises a 400+ firm consortium, including UPS, with the purpose of applying blockchain technology to logistics ...
Being developed by ShipChain (member of BiTA) to comprise a “fully integrated supply chain management system” based on blockchain.
Would function as an open marketplace for logistics providers
Shippers could track the capacity, cost and estimated delivery times for different routes for a given shipment before making a decision while carriers can dynamically adjust pricing based on supply and demand
Would help to allocate resources effectively while avoiding markups by “rent-seeking brokers”
Source: “UPS bets on blockchain as the future of the trillion-dollar shipping industry,” by
Deep Patel, Bloomberg.com" . ... "
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