This week features additional news related to Blockchain technology partnerships in the global ocean container transport segment as carriers, shippers and logistics entities continue to sort out most appropriate approaches to leverage this technology. Make no mistake that the primary goal of these transportation technology pilots are to both determine proof-of-concept and business value of specific technologies, achieve industry scale, and to similarly determine added technology anchored business opportunity that comes with that.
Members of the Ocean Alliance, Tang Ming Lines, and CargoSmart are teaming-up to form a consortium to develop, implement and pilot blockchain technology enabled processes to address specific stakeholder network needs. This initiative and the Maersk-IBM initiative bear watching over the coming months.
Supply Chain Matters highlights industry player pushback in the ocean shipping sector involving efforts to leverage blockchain technology to better enable efficiency and security in global trade.
The Supply Chain Matters blog provides a guest blog contributed by Chris Kirchner, Co-founder and CEO of Slync, an intelligent blockchain-based platform.
Supply Chain Matters highlights a side panel reinforcement to our just published 2018 Predictions Deep Dive- A Shifting of Priorities for Digital Transformation and Supply Chain Tech Investments. We highlight a significant joint announcement made this week regarding the potential broader application of Blockchain technology in global shipping processes.