Blockchain Transportation Systems

Blockchain Transportation Systems
Blockchain for Transportation Systems Image link: https://en.wikipedia.org/wiki/Melbourne
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  • DOWNERS GROVE, Ill., May 17, 2018 /PRNewswire/ -- Roadrunner Transportation Systems ("Roadrunner" or "the Company") (NYSE : RRTS), announced today that it has joined the Blockchain in Transport Alliance (BiTA), a group dedicated to implementing standards for the digitalization of the supply chain.(More...)
  • While the chairman says that the firm's blockchain team "has just started" its work, he appeared to be overflowing with ideas about the roles that the technology will play in what he regards as the transportation system of tomorrow.(More...)
  • "GE Transportation is always on the forefront of technology trends and investments that define the future of freight and supply chains," said Craig Fuller, Managing Director of BiTA. "We are thrilled they are helping to lead the blockchain framework for the industry and will be an active participant in BiTA."(More...)

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  • Clearly, BiTA members place a weight on the creation of universal standards, because they understand that blockchain in freight and logistics will only be successful if it eliminates the data and administrative inconsistencies that plague the industry in the first place.(More...)
  • TSC CTO Mark Westwood said: "Blockchain is still a new technology, but it has the potential to disrupt parts of the transport industry in a similar way as it has in finance.(More...)
  • Berkshire Hathaway-owned BNSF, a U.S. and Canadian railway based in Ft. Worth, Texas, is the newest member of the Blockchain in Transport Alliance (BiTA), which is comprised of 200-plus freight and logistics plays that are interested in incorporating distributed ledger technology into their industry.(More...)

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DOWNERS GROVE, Ill., May 17, 2018 /PRNewswire/ -- Roadrunner Transportation Systems ("Roadrunner" or "the Company") (NYSE : RRTS), announced today that it has joined the Blockchain in Transport Alliance (BiTA), a group dedicated to implementing standards for the digitalization of the supply chain. [1] TMW Systems believes Blockchain technology can have a significant, positive impact on modern supply chain processes, and particularly in the transportation category. [2] Blockchain technology in transportation management could also create "a streamlined payment system," says Sarah Holder at Trucks.com. [3]

About Roadrunner Transportation Systems, Inc. Roadrunner Transportation Systems is a leading asset-right transportation and asset-light logistics service provider offering a full suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. [1]

Blockchain, a technology that stores incorruptible blocks of information across a shared digital network, could revolutionize the future of trucking and logistics by creating a new system of completing transactions, tracking shipments and managing fleets. [4] Blockchain systems already have worldwide applications in finance, acting as the underlying technology platform for the digital currency bitcoin. [4] IoT alone has become less of an advantage in today?s world of technology; it needs to be coupled with a system such as Blockchain to provide significant competitive advantage. [2] Steve Rogers, IBM?s vice president of supply chain for blockchain, said the emergence of blockchain will be supported by cloud computing, the use of remote servers hosted on the internet to store and process data in lieu of on-premises computer systems. [5]

Storing and validating the data created by the use of V2V Communications on the blockchain can help transportation companies across the world streamline their operations. [6] Blockchain ensures trustworthy data across the transportation and logistics ecosystem, since the entire network contributes to data validation. [6] Because this paper focuses on the transportation landscape, we will explore the applications of private and consortium Blockchain platforms that are most apt for logistics. [2] The blockchain concept originally was developed to support the digital currency Bitcoin, but technology experts are exploring a whole universe of possibilities to apply it to other industries, including transportation. [5] Trucking fleets, transportation software companies and other industry players are studying blockchain, testing it and anticipating it could reach a tipping point within two years. [5] By using IoT sensors in trucks and other shipping vehicles, shippers and transportation companies can detect the amount of space taken up in a shipment and determine cost accordingly, transmitting all of this information to the blockchain. [6] For more information about Blockchain and its application within a transportation business, please contact Vasanth Srinivasan at [email protected] [2] This paper focuses on providing suggested practical applications and an overview of implementation guidelines for Blockchain within the transportation marketplace. [2] In this paper, we have intentionally ignored the technical aspects of the Blockchain framework, focusing instead on a few leading applications within the transportation environment. [2] From a transportation perspective, there are several applications that could benefit from the marriage of IoT and Blockchain. [2] The future for blockchain in the world of transportation and logistics is bright. [6] "The revenue opportunity for blockchain within the freight and transportation space could end up being as much as $500 billion." [6] Polaris Transportation Group is one fleet that believes blockchain could provide a competitive advantage. [5] As digital technology reshapes the transportation industry, Blockchain has become one of the top priorities for most organizations. [2] With Blockchain, the supply chain for truck parts and used trucks could be tracked on a digital ledger, serving as a sort of " CARFAX on steroids " for the commercial transportation industry. [6] We are thrilled to be a part of the up and coming uses for the Blockchain in the transportation industry. [4] The trucking and commercial transportation industry has been particularly active with blockchain implementation. [6] As a final note, it is our hope that we have raised awareness of Blockchain and its ability to help the transportation industry solve difficult challenges. [2]

The Transport Systems Catapult (TSC) is currently undertaking a project with Sheffield University, working with partners such as IBM and DOVU, to explore the value of blockchain and other distributed ledger technologies (DLT) to the transport industry. [7] Reference data management system is a good example of a private Blockchain. [2] Because these are isolated experiments, it is not yet clear how disruptive blockchain will be to the existing systems of logistics and operations management in the trucking world. [4] The costs required to maintain the trucking blockchain system could be substantial (think of the electricity alone that?s needed to power racks and racks of processors). [8] On the positive side, blockchain could become an agnostic means of linking companies currently using different operating systems. [5] Building a Blockchain system that provides high availability, performance and security services is a challenge. [2]

Formed by technology and transportation executives, BiTA focuses on strengthening the foundation, development and education of blockchain standards within the freight industry. [1] Blockchain technology can solve this problem by creating a decentralized network that holds all the necessary records of carriers across the transportation and freight industry. [6] Just as the widespread application of any technology comes with its risks, the transportation and freight industry?s foray into blockchain technology presents some potential issues. [6] For freight brokers, blockchain technology can provide solutions to some of the biggest challenges in the logistics and transportation industry: protecting commodities and maximizing delivery efficiency. [4] Companies considering blockchain technology in transportation management should assess their internet service and pursue another Internet Service Provider ( ISP ) if theirs can?t provide adequate speed and reliability. [3] Self-owned vehicles might be a few or many years away, but blockchain technology in transportation management could result in more far-reaching implications in the near future, particularly as it applies to shipping and logistics. [3]

While the chairman says that the firm's blockchain team "has just started" its work, he appeared to be overflowing with ideas about the roles that the technology will play in what he regards as the transportation system of tomorrow. [9] A DAO is owned by everyone who purchases tokens, but instead of each token equating to equity shares and ownership, tokens act as contributions that give people voting rights" Imagine, for a moment, a DAO governing the transportation system of a whole city (including public transport and other privately run mobility services). [10] H e is also lecturer in Mobility as a Service at Barcelona's Universitat Politnica de Catalunya on the Postgraduate Course on "Smart Mobility: Intelligent Transportation Systems". [10]

Roadrunner Transportation Systems provides a full suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. [11]

The industry has been traditionally reluctant to adopt new technology, but I believe blockchain, in its widespread popularity, will be the catalyst to trigger technology adoption in transportation. [12] "Blockchain, machine learning and other emerging technologies can play vital roles in helping transportation service providers more efficiently and profitably meet the demands of tomorrow?s highly complex supply chains," Tim Leonard, chief technology officer, told FreightWaves. [13] The use of blockchain in the transportation sector will result in deliveries that are more efficient, transparent, secure, and easily trackable. [12] In the newly released whitepaper, "Blockchain for Transportation," TMW explains some of the use cases for blockchain. [13] The revenue opportunity for blockchain in the freight transportation industry could generate as much as $500 billion. [12]

Blockchain could, for example, support contactless payment systems for public transport, contributing to enable a seamless, easy to use multimodal mobility, solving one of the main pains with MaaS, both from the users and operators perspective: the payment process. [10] While leveraging blockchain might be reasonably straightforward and easy to justify to investors for nimble startups, building decentralized applications from scratch, upgrading to blockchain for public transport's well-established legacy systems is far more challenging. [10] A blockchain is basically a decentralized, distributed database that allows transactions to move seamlessly among participants, regardless of prior relationships, trust, and differentiated systems. [13] Players demand an environment of trust and transparency in order share data and work seamlessly - which plays to the strengths of blockchain and other distributed ledger systems. [14] ST. LOUIS, February 8, 2018 - Cass Information Systems, Inc. (NASDAQ: CASS), a leading provider of integrated information and payment management solutions, has joined the Blockchain in Transport Alliance (BiTA), a consortium of industry leaders committed to developing standards and guiding the widespread adoption of blockchain technology in logistics. [15] Founded in August 2017, the Blockchain in Transport Alliance (BiTA) is a forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation, and logistics industry. [15] From freight shipping to toll payments to ridesharing, blockchain technology is being applied in innovative ways to a variety of transportation and government sectors. [16] Given the industry focus of BiTA, as well as the consortium of brand-name companies backing it, the transportation industry may actually have a shot to beat the financial services industry into real-world, broad-scale implementation of blockchain technology. [17] BiTA was formed by experienced tech and transportation executives to create a forum for the development of blockchain standards and education for the freight industry. [18]

More, blockchain's proponents challenge the view that a TPS measurement is the right way of looking at a system in which smart contracts, consensus, and trust are distributed across a network. [14]

"GE Transportation is always on the forefront of technology trends and investments that define the future of freight and supply chains," said Craig Fuller, Managing Director of BiTA. "We are thrilled they are helping to lead the blockchain framework for the industry and will be an active participant in BiTA." [19] CHICAGO, MARCH 1, 2018 -- GE Transportation (NYSE:GE), a global technology leader and supplier of equipment, services and digital solutions to the rail, mining, marine, stationary power and drilling industries, announced today that it has joined the Blockchain in Transport Alliance (BiTA). [19] GE Transportation announced last Thursday that it has become the latest member of the Blockchain in Transport Alliance (BiTA), which aims to develop standards around the tech's use in the cargo transport industry. [20] BiTA is the transportation and logistics industry?s leading trade association for blockchain education and standards development. [19] By providing more clarity and standards around blockchain through education and promotion of the technology, BiTA intends to be the leading blockchain voice for the transportation industry. [21] There is little doubt that blockchain - the newest buzz word in technology - has the potential to change the way transportation carriers interact and transact with each other. [21] What does all of this mean for freight transportation? Here are some of the potential benefits for the entire supply chain identified by the Blockchain in Transport Alliance. [22] "Overall, blockchain is expected to drive an evolution within the trucking industry through the efficiencies it creates," says Tim Almack, partner-in-charge of KSM's Transportation Services Group. [21] Blockchain can also help transportation providers mitigate risk and could lead to more contract transparency and a more direct transportation process. [21] The transportation logistics industry is currently working to understand the broader implications of blockchain. [22] Here?s an overview of blockchain and our predictions for what changes it could bring for freight transportation. [22] Since blockchain is so new, let?s take a moment to define it before diving into how it impacts freight transportation. [22]

With a technology like blockchain that could effectively eliminate the middlemen in transactions, embracing this technology would affect the foundations of how the transportation industry operates. [22]

The chairman declined to state which blockchain environment Hyperloop TT will be using, explaining instead that "we have a special way to design our technology that's based on competition ? different teams pursuing different technologies. ? e are analyzing all the options, so I wouldn't lock our system in one technology? e are always looking to challenge our decisions and to evolve." [9] Lack of standards: For blockchain systems to succeed, all constituents of a blockchain must agree to the characterizations of their data. [23] Blockchain enables a digital supply chain and creates a peer-to-peer system of commerce that lends itself well to those with logistics and supply chain experience. [19] Blockchain is a distributed ledger system that maintains a continuously growing record of transactions, or blocks, where each block is linked to a previous block and cannot be altered or reversed once it is added to the chain, and which does not require a central administrator to guarantee the veracity of any transaction. [24] An added benefit of using a blockchain powered ride sharing system would be to enable drivers to keep the 20-25% fees that are typically charged by platforms. [24]

BiTA's mission includes the encouragement of key leaders within the transportation, finance, and technology industries to participate, discuss, create, and adopt industry standard uses of blockchain applications. [21] BiTA and its members, which include some of the country's largest transportation, logistics, and software providers, will work together to provide definition and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiencies, transparency, and foster trust. [21] Today, BiTA is the vanguard of the movement leading blockchain standards creation in the transportation and logistics industry. [23] As the transportation industry shifts to utilizing this emerging technology over the next three- to five-years, the Blockchain in Trucking Alliance (BiTA) has been formed to build the first set of transportation industry-specific blockchain standards for supply chain participants. [21]

One of the used cases for using Blockchain Technology is public transportation. [25] The Mobility Open Blockchain Initiative is exploring how blockchain technology can be used in the transportation market, perhaps leading to the "mobility ecosystem of tomorrow." [26] The Mobility Open Blockchain Initiative (MOBI) non-profit foundation is exploring how blockchain technology can be used in the transportation market. [26]

The transportation industry has always been a critical link within the supply chain, and it has a significant role to play as blockchain technology advances. [21]

Singapore is known to have a busy lifestyle in the metro that is why they all need faster payment systems when using public transportation. [25] EDI (electronic data interchange) standards developed by the U.S. transportation industry laid the foundation for secure communication between different computer systems. [23] Leveraging its extensive experience, uncommonly dedicated team, and industry-leading transportation management system, Evans streamlines the flow of goods, money, and information through shippers? supply chains. [22]

Jacksonville, Fla. (Feb. 8, 2018) Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, today announced it has joined the Blockchain in Transport Alliance (BiTA). [27] Trimble will unveil a really cool demo of Harmony, a Transportation Management System as a Service, built on a blockchain architecture powered by Apache Kafka and Apache NiFi. [28]

The blockchain provides greater transparency for the "millions of records" inputted into the transportation company's systems daily. [29] "As a technology leader in the transportation industry, we believe that blockchain technology has the potential to provide solutions for a number of challenges in our industry, including increased efficiency and trust between all participants," said Rick Coro, vice president and chief information officer for Landstar System, Inc. [27]

Legacy system integration: Companies must integrate blockchain technology into their legacy systems, which could include everything from an ERP to a TMS. According to nasdaq.com, "Many organizations are reluctant to make a move to blockchain solutions because of the meticulous planning, time and money that would be required to achieve successful company-wide implementation." [23]

What Secretary Chao failed to mention was a recent report by the U.S. DOT John A. Volpe National Transportation Systems Center, which examines various blockchain applications in transportation including blockchain's potential for preventing cyber-attacks on automated vehicles. [30]

Focused on innovation in this area, Salesforce has joined BiTA - the Blockchain in Transport Alliance - to improve the supply chain experience for our customers, including shippers, transportation logistics providers, and their end consumers. [31] Blockchain will allow transportation and logistics companies to operate in a more seamless and transparent manner. [32] Blockchain solutions like supply chain transparency, smarter loyalty programs, and maintenance tracking are a perfect fit for travel and transportation. [33] Noida, India, May 22, 2018 - HCL Technologies, a leading global technology company, today announced it has joined the Blockchain in Transportation Alliance (BiTA), an organization dedicated to determining best practices and standards for Blockchain in the transportation industry. [32] "Blockchain technology has the potential to change several aspects of the transportation industry and it is important that the industry comes together to align around a set of standards. [29]

For the transportation industry, Blockchain allows the ability to more effectively track goods and freight across the supply chain. [32] One common theme in more than a few e-mails that has come in over the last several months, and even longer, centers around blockchain technology and its impact, or rather potential impact, on myriad aspects of freight transportation, supply chain, and logistics operations. [34]

The system would need to be able to validate transactions offline -- something no blockchain is capable of today -- in case internet access in a city faltered for any reason, so consumers would continue to be able to use the mass transit system. [35] Over time though, distributed ledger technology will likely overcome these challenges, and transportation providers will gain a major incentive to join together in a decentralized payments system for transportation services, Haggiag argues. [35] Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. [27] Landstar System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. [27]

BiTA was formed in August 2017 by experienced technology and transportation executives to create a forum for the development of Blockchain standards and education for the freight industry. [32] BiTA was founded in 2017 and serves as a forum for the development and adoption of blockchain applications in the trucking, transportation, and global delivery ecosystem. [31] As a BiTA board member, we?re eager to propel the transportation industry forward by spurring blockchain technology development and standardizing industry uses of blockchain applications. [31] Leonard is the pioneer of blockchain technology in the transportation industry by identifying business use cases and fully developing the first set of technology addressing smart contracts. [28]

The past two years will be remembered for spurring on transformative blockchain standards and solutions, driven in part by the demand for transparency, collaboration, and improved efficiency in the transportation of goods. [31]

What could blockchain do for you, the owner-operator or the small trucking company? An estimated 40% of back office labor could be eliminated by using blockchain technology to automate freight payments, according to Tim Leonard, chief technology officer at TMW Systems, a developer of enterprise management software for the transportation industry. [36] Malta has entered a partnership with Omnitude -- a multi-enterprise blockchain middleware platform -- to use the blockchain to enhance its public transportation service by developing a transport and logistics platform using the company?s middleware technology. [37] Essentially, APIs are the gateway to accessing blockchain, and they already have a practical application within the transportation and logistics industry. [38] It has been of particular interest in transportation and logistics, so let?s look at what blockchain is, what it can do for logistics, and what we need to do in order to take full advantage of it. [38] Very cool info!! How do I develop a career opportunity promoting blockchain in transportation and commerce? I have worked in export forwarding and traffic management for 20+ years, and I believe this will be a very exciting cutting edge space for the next 2-5 years. [39] Though blockchains were made for finance, smart contracts make blockchains applicable beyond finance, to industries like transportation. [30]

A big advantage of using blockchain systems for transparency is that it will ensure B2B logistics have better visibility and improved credibility and help build trust between businesses. [40] After recently partnering up to help the F1 team Williams, blockchain tech company Omnitude has now signed up for a much more quotidian, though potentially just as influential, task of helping to improve Malta's public transport system. [41] Open public blockchain will be the only way forward for the entire shipping and logistics world just as the GSM (Global System for Mobile communications) made mobile phone calling possible in 212 countries (and territories) serving more than 5 billion people, comprising more than 80% of the mobile market across the globe. [39] All concerned parties to a trade will be able to exchange information and documents on blockchain networks at a fraction of the time and costs as compared to current systems and this will have a huge impact in shipping economics and global trade. [39] The system uses transparent blockchain contracts platform that will readily integrate with systems currently in use. [40] Omnitude enables the creation of blockchain solutions that integrate enterprise systems, supply chains and eCommerce platforms. [41] Omnitude's so-called 'Middleware' solutions are built around the Linux Foundation's HyperLedger platform, and works as an integrations layer to allow blockchain systems to work alongside and interact with existing eCommerce and enterprise systems. [41]

BiTA plans to engage the brightest minds in the transportation, finance, and technology sectors to build the first set of transportation industry-specific blockchain standards. [36] BiTA ( www.bita.studio ), is a new forum for promotion, education, and encouragement to develop and adopt blockchain applications in the trucking, transportation and logistics industry. [36] Blockchain technology in the local transportation is a logical continuation of a centuries-old evolution in the industry. [42] Blockchain technology in the local transportation or taxi industry is only the continuation of an evolution that has gone on for centuries. [42]

The system is expected to save billions of dollars for companies engaged in freight transportation by replacing existing logistic processes. [40]

POSSIBLY USEFUL

Clearly, BiTA members place a weight on the creation of universal standards, because they understand that blockchain in freight and logistics will only be successful if it eliminates the data and administrative inconsistencies that plague the industry in the first place. [6] BiTA was formed because leaders in the trucking industry saw the value of blockchain implementation into the world of trucking and logistics. [6] Why do we need blockchain? Because trucking is an inefficient industry. [8] Organizations use these platforms basedon their specific needs. Public Blockchain, the de facto platform for cryptocurrency, is a decentralized framework that allows anyone to add themselves to the network, read transactions, transfer assets and participate in the consensus process using PoS, PoW or other mechanism. [2] Let?s look at Blockchain from a different perspective, exploring its potential application beyond operational needs. Thus far, we have focused on the use of Blockchain to capture and store data. [2] Simply put, Craig said, blockchain provides another aspect of interoperability and visibility within the supply chain, much like electronic data interchange, application programming interfaces or web services. [5] Ambrosus, a Swiss food supply chain company, is using the technology to "reliably record the entire history of food from farm to fork," using sensors, blockchain and smart contracts, according to a statement from Angel Versetti, Ambrosus chief executive officer and co-founder. [4] Sweetbridge is a blockchain based technology stack that addresses key inefficiencies in the global supply chain. [6] Blockchain is a database technology built on collaboration and sharing control over data amongst stakeholders. [7] Blockchain is a decentralized distributed technology designed specifically to transform business operations. [2] A successful implementation of Blockchain requires a strong partnership with a technology provider that understands its intricacies and potential applications. [2] Blockchain, the underlying technology behind digital currencies like bitcoin, has been hailed as having world-changing potential for industries ranging from health care and banks to manufacturing. [7] Blockchain and its distributed ledger technology will be here much sooner than later, predicted Jack Legler, technical director of American Trucking Associations? Technology & Maintenance Council. [5] If we collectively chart the future with this budding technology and anticipate unintended consequences, I believe blockchain could be more than a buzzword in trucking. [8] Freight contracts, document transfers, food safety, driver security, parts management and asset tracking are among the many elements of the trucking business that could become easier and more secure through new applications built around the shared digital ledger called blockchain. [5] The utilization of the Ethereum blockchain, linking producers and shipping providers with automated contracts, allows for goods to be tracked in real-time with GPS technology. [43] Though blockchain has not yet been implemented on a major scale, some technology companies have led the way in piloting test cases. [4] Blockchain does indeed have its history in cryptocurrencies, starting with Bitcoin in 2009, but the underlying technology can be applied to numerous different scenarios - including many in transport. [7] "Blockchain technology can create a "digitized roadmap? of routes, and smart contracts written into the blockchain can trigger the transfer of funds to a driver instantaneously once a delivery has been completed." [3]

The company handles millions of documents and performs automatic recognition and identification of data on these documents, Elnahwy said, "so we are in a very good position to start with automating some of that data gathering and using blockchain to create a better digitized standard protocol communication across the whole supply chain." [5] By using the blockchain for data authentication, the entire network can contribute and validate data, and it is no longer subject to tampering. [6] Using blockchain, shippers could monitor loads and send verifiable data to customers and drivers. [4] The role of Blockchain in this example is to provide decentralized data storage, eliminate a single point of failure, provide a tamper-proof record and enable smart devices to autonomously communicate with one another. [2] A key difference--in fact, an advantage--is that the data validation process is much more refined in the Blockchain model since it would provide cryptocurrency incentives to members who provide this value. [2] Blockchain could prevent both situations since it validates data along the entire network. [3] Blockchain, through which the entire network contributes to data validation, brings trust to the entire eco-system. [2] Blockchain is a shared, distributed ledger that facilitates the process of recording transactions and tracking assets in a business network. [8] Shown below is an illustration of a Blockchain transaction in a Bitcoin network. [2] They control every aspect of the Blockchain, including validation of transactions, addition of nodes, managing node privileges, smart contracts, deployment of chain codes, etc. [2] It encompasses Membership Services, core Blockchain components such as Consensus Manager and Distributed Ledger, and the smart contract services that executes verified chain codes. [2]

McDonald believes the solution lies with smart contracts and utilizing a single blockchain for the entire industry. [43] Another area with big potential for blockchain is improving yet simplifying security challenges with driver identification, particularly given the broader use of mobile apps and electronic logging devices across the industry. [5] Blockchain has been widely adopted by the financial industry and has slowly entered other sectors, including the supply chain and healthcare. [2] Based on interviews, workshops and literature reviews, they have set out to discover the ways that blockchain could be used in transport and whether the industry should be taking note. [7] In this post, we?re going to explore how blockchain addresses some of the major issues in trucking and is set to revolutionize the industry. [6] All players in the trucking blockchain must agree on how to characterize their data e.g. what details must every purchase order or invoice contain. [8] IoT, together with Blockchain, can help solve the issue of core data capture and security. [2] While Blockchain has clearly been embraced by the supply chain community, there are as of yet no open standards to help ensure successful implementation. [2] When a large company or a small business wants to purchase a second hand delivery vehicle, the blockchain can help to authenticate information on the past performance of the vehicle and its maintenance history. [6] Using the blockchain, the load information is timestamped and stored on a decentralized network, accessible to different load boards. [6] At its core, Blockchain is a shared digital ledger encompassing a list of connected blocks stored on a decentralized distributed network that is secured through cryptography. [2] With the blockchain, shippers can post timestamped loads that are recorded and verified by the decentralized network. [6] Virtually anything that holds value can be tracked and traded on a blockchain network, making it an ideal tool for arranging and tracking freight services. [4] Rather than rely on internal resources to validate carriers, we could use the Blockchain network itself. [2] We believe we can solve this problem through the use of Blockchain to validate transactions and store and share records. [2] Blockchain has the potential to transform what have traditionally been offline transactions between individuals and companies into online, trackable and transparent ones. [4] Users can embed "smart contracts" within the blockchain, which trigger self-executing transactions and alerts. [4] Lastly, there is a private and a public key to every blockchain transaction to control access to the information. [5] It is important to note, however, that while public Blockchain can require between 2 and 10 minutes to validate transactions, the benefits often outweigh the performance concerns. [2] Blockchain is a digital ledger using blocks (or bundles of transactions) that are linked and secured by cryptography. [8] By using blockchain, smart contracts could completely eliminate the need for all of these administrative steps, cutting costs and virtually removing all possibilities for error. [6] This also eliminates the need for a middleman in the form of a broker, because the blockchain can authenticate load data, prevent duplication, and make it visible to load boards. [6] "If you are looking for some kind of immutable, secure, trackable, incorruptible data, then that is what you need blockchain for," said Ken Craig, vice president of special projects at McLeod Software. [5] We believe data authenticity problems associated with load boards can be addressed by implementing a Blockchain in the heart of this business model. [2] Since Blockchain is built on a decentralized concept, all nodes will have exact copy of data. [2] It is also the first cryptocurrency to use a decentralized public ledger--the blockchain. (Cryptocurrency is beyond the scope of this paper.) [2] It leverages the decentralized nature of the public Blockchain and the permissioned capability of the private Blockchain. [2]

The blockchain that supports cryptocurrencies like bitcoin is a public network open to any investor with millions of users around the world. [8] Consortium Blockchain is a hybrid of the public and private Blockchain platforms. [2] Not only that, but SkyCell uses its cloud platform to record all documentation throughout the process on a blockchain ledger, such as bills of lading and customs forms. [6] Blockchain without its own truly interoperable standards will develop into nothing more than a new process that mimics the difficulties surrounding the use of EDI, he said. [5] "Currently," Tamar explains, "the global giants in the food business, such as Nestle, Unilever, and Dole, normally competitors, are coming together with Walmart to form a standard of using blockchain to ensure food safety. [3] "By using blockchain they can reinvent the very nature of commercial activity, remove intermediaries and have much more fluid business processes that can be conducted in various ecosystems." [4] The shared behavior of the Blockchain allows organizations to not only track products within their control but also across vendors participating in the transaction, thus providing a 360-degree view to business stakeholders. [2] For most business owners, blockchain is no more than a buzzword, and its applications can be obscure and difficult to understand. [6] For customers, doing business with a shipping company that utilizes blockchain means increased transparency. [4] When companies start automatically logging their movements in the blockchain, customers will have full access to carrier safety history. [4]

Leonard described blockchain as "the big visibility," with the contract information, lanes and proof of delivery all contained within the digital contract itself. [5] Because the trucking blockchain will be private, all shippers, carriers and brokers will be vetted, and relationships will likely be built through contracts and agreements. [8] A new consortium called the Blockchain in Transport Alliance (BiTA) is working to apply blockchain to solve some of the most intransigent problems in trucking. [8] The Blockchain in Trucking Alliance, also known as BiTA, is the largest organization in the space. [6]

Most other concerns stem from a belief that blockchain adoption in trucking and logistics will be just another imperfect technological adaptation. [6] If implemented well, blockchain could be the Holy Grail that makes the entire trucking supply chain more efficient. [8]

With the use of blockchain enabled IoT sensors, Swiss firm SkyCell was able to create air freight containers for refrigerated biopharmaceuticals that monitor temperature, humidity and location. [6] The blockchain can store and validate all of this information for buyers and sellers without the need for a middleman. [6] Just as blockchain can help validate the records of a second hand vehicle, it can also help to validate the driver records of a new carrier. [6] Walmart and IBM have already run two successful tests using secure digital records in a blockchain based in Hyperledger Fabric to track Chinese pork and Mexican mangoes. [4] BiTA?s members have recognized that the key to a successful implementation of blockchain in the freight industry is the creation of universal standards. [6] Smart Contracts may be the single most impactful blockchain enabled feature to the freight industry. [6] "Blockchain enabled autonomous smart contracts," says Majer. [3]

Companies across the industry spectrum are coming to the realization that they can use blockchain technology to streamline their operations and provide better service to their clients. [6] In the past year, blockchain technology has emerged in the world of trucking and logistics as a solution to to some of the major inefficiencies that have plagued the industry for decades. [6] "It?s a framework for designing a whole new way of looking at the world and managing different transactions," said Craig Fuller, chief executive of TransRisk and co-founder of the Blockchain in Trucking Alliance, a coalition pushing for the adoption of blockchain technology by the trucking industry. [4]

As inefficiency mounts in the world of logistics and transportation, more companies are joining the charge to incorporate blockchain-based technologies into the trucking industry. [6] "We are pleased to have Roadrunner as the newest member of BiTA. As one of the largest transportation and logistics companies in the United States, Roadrunner will help provide additional insight to help us continuously improve and implement progressive standards," said Chris Burruss, President of BiTA. [1] When that happens, it will be "like Carfax on steroids," said Mauricio Paredes, vice president of business technology at transportation firm PS Logistics, a BiTA charter member. [5] "As transportation and technology professionals, we can never stop improving and we are very eager to join a pioneering group such as BiTA and help shape the future of our industry." [1]

He added: "We love that TMW is starting to develop applications inside their ecosystem, but the world of transportation is massive and collaboration with competitive platforms is necessary for the technology to proliferate." [5]

Organizations like BiTA are working on creating universal standards for blockchain's mass adoption in the transportation and logistics industry. [6] If the BiTA continues its successful march toward the implementation of universal standards, blockchain?s role in transportation and logistics will continue to grow--and with it, the entire industry?s efficiency and profitability. [6]

Technological and procedural developments in logistics have bolstered the commercial transportation industry?s ability to efficiently service an all time high in demand--all while adjusting to an evolution in consumer preferences and expectations concerning delivery time and cost. [6] Autonomous Vehicles Autonomous vehicles have great potential for improving existing, high-demand transportation services, moving everything from passengers to packages. [44] This also opens up the potential for trucking load-matching apps, which can identify excess capacity across distribution networks and coordinate efficient load distribution and transportation. [4] With such a huge network, the company has recently entered into the transportation and delivery markets, acknowledging that companies need to bridge the gap among customer orders, performance, and delivery time. [43] As our industry morphs and evolves to accommodate ever-evolving customer needs and expectations, it?s important to be in the know when it comes to innovations that can change the face of commercial transportation. [6] With several major technological initiatives currently underway, the partnership with BiTA will continue to help Roadrunner innovate and improve the customer experience for shippers of all sizes utilizing any mode of transportation. [1]

Many transportation companies are wary of load boards because data can often get muddled or duplicated, providing an unreliable representation of demand. [6] As demand for same day and on-demand delivery increases, and expectations of consumers become higher and higher, commercial transportation companies are faced with an ever-increasing need to innovate. [6]

If we consider the fact that administrative costs make can make up 20% of the overall costs of transportation, the amount of money saved by using smart contracts effectively could be staggering. [6] Companies in the commercial transportation industry sink or swim based on their ability to adapt to consumer needs, and implement new technologies that help them increase efficiency and lower the costs of shipping. [6]

If the technology can store all pieces of information in a single place, it could also very well serve as a Master Data Management (MDM) system. [2] "As a consequence, warranty and truck parts supply chain transactions will adopt blockchain-based systems once the cost-savings potential becomes more identifiable and distributed ledger technology is proven in reliability," he said. [5]

Electronic Data Interchange (EDI) has been the standard system in the logistics industry for over 30 years, and the industry still lacks an overall EDI standard. [6]

As a standards organization, BiTA aims to create a common framework to spur the development of blockchain applications for logistics management, asset tracking, transaction processing and more. [8] Roadrunner joins fellow industry-leading freight companies in the mission of developing blockchain standards and educating the industry on blockchain applications. [1] The push for standards comes as some companies already have forged ahead with their own blockchain applications. [5]

IBM formed a coalition with Walmart, Unilever and seven other food companies in August to experiment with introducing blockchain technology in their food supply chains to cut back on contamination risks. [4] Bitcoin implements Blockchain technology to allow anyone with Internet access to read and send transactions using PoS as the consensus mechanism. [2] Blockchain technology provides a scalable, immediate solution for order tracking and authentication. [6]

Blockchain applications typically handle thousands, if not millions, of data streams, which means they need a high-speed, reliable connection. [3]

The question becomes how to make every truck on the road more efficient? Everyone settles for lowest/weakest link in system, where goods sit at warehouse staging areas waiting to move; there?s not a lot of smarts put in the supply chain; depending on the capacity of guys you?re using--it?s difficult to go out and get new guys, because how do you know they are good performers? It costs money to tender. [43]

TSC CTO Mark Westwood said: "Blockchain is still a new technology, but it has the potential to disrupt parts of the transport industry in a similar way as it has in finance. [14] In the concept report, Blockchain Disruption in Transport: Are You Decentralised Yet?, the TSC urges government and industry to explore the technology?s potential uses in transport. [14]

The report goes on to suggest that blockchain could also help to integrate autonomous drone fleets into the existing transport network, without the need to establish large regulatory organisations to track and monitor their use and licensing. [14] Compliance: Electronic logging devices already in transport vehicles can send real-time weather and traffic data to the blockchain network to aid in rerouting. [17] With access to key information from shippers, carriers, brokers, users, drivers and the vehicles themselves among other data inputs, a blockchain-based MDM "becomes the perfect solution for building a data lake?because it inherently supports data validation by network members, blockchain could provide the function of "data stewards? in an MDM solution," he writes. [13] TWM provides an illustrated example of how a blockchain works in the whitepaper, explaining that two parties wishing to conduct a transaction use cryptographic keys assigned to each, the transaction is then broadcast and verified by a distributed network. [13] For those of you unfamiliar with blockchain, we're talking about the digital, distributed, and decentralized ledger that underpins most cryptocurrencies and is responsible for transparently recording all transactions without the need for a financial intermediary, such as a bank. [17] A blockchain is a digital, openly shared, decentralized log of transactions. [16]

Blockchain can as well be used to provide the means for autonomous vehicles to perform activities inherent to being indeed autonomous, such as driving through tolls, refuelling, (wireless) recharging, parking, and ultimately paying for these services through an integrated blockchain-enabled digital wallet, with a distributed ledger of profit and loss statements available to all involved parties to assess, in real-time, the profitability of that fleet. [10] Nice, but are we as consumers and stakeholders ready to cope with this disruption? MaaS is a "service promise" that tells users they can live without a (privately owned) car; autonomous vehicles tell users they don?t even need to drive. and now, blockchain tells many stakeholders they?re not needed anymore, or that value provision will follow completely new paths. [10]

Blockchain could help avoid the situation where centralised platforms dominate and control service provision and data, leading to minimal competition. [14] Blockchain-powered data exchange platforms could as well handle massive amounts of data pooled from autonomous cars (with lidars, radars, cameras and other sensors constantly streaming data to various blockchains). [10] The opportunity to use blockchain to pool data from autonomous cars has been discussed above in this article. [10] Customers would engage in the network via a portable blockchain mobility account, giving them control over their own data and identity, and providing their mobility preferences to relevant parties." [14] Payments and pricing: Since blockchain data is logged digitally, companies will be able to utilize more data than ever to generate accurate pricing. [17] The inherent security and robustness of blockchain will allow individual car owners, but also fleet managers, to lease their vehicles to trusted and identified riders, with the transactions governed by smart contracts crafted on the go reflecting the terms and conditions agreed by the peers, with completely traceable trips recorded in the blockchain, and automatic payments flowing after each trip. [10] The results revealed that "respondents were in strong agreement that blockchain will make supply chains more transparent, be important in the future development of intelligent and connected vehicles, and enable mobility as a service (MaaS) platforms." [14] Although still in its infancy, blockchain has been characterized as a disruptive technology that, if widely adopted, could enable a giant leap forward in supply chain collaboration and automation. [15] "We share the view of fellow BiTA members that blockchain is a promising technology for advancements in transportation." [15] First large enterprises will experiment with particular use cases, followed by the technology expanding outside of inter-company use cases, and then the need for blockchain will increase with the proliferation of self-driving trucks. [12] BLOCKCHAIN: The technology may allow banks to approach financing and risk management more flexibly. [45] Chris Middleton is the editor of Internet of Business, and specialises in robotics, AI, the IoT, blockchain, and technology strategy. [14] The report continues, "Blockchain could help to increase collaboration, the sharing of trusted information and efficiency, reduce costs and risk, and forge new business models in the transport sphere over the coming years. [14] In one example, the report highlights that the decentralised nature of blockchain could provide an alternative future for MaaS business models - one of decentralised ride-hailing, where transport is supplied on demand to subscription customers. [14] We have conducted a project that set out to cut through both forms of hype and explore where blockchain could add real value in the transport industry over the coming years." [14] Government and industry should work to increase understanding and knowledge sharing of blockchain across the transport sector through the establishment of a Community of Interest (CoI). [14] Though blockchain is expected to be a boon to the financial services industry for the points described above, blockchain actually has numerous applications beyond currency-only industries and sectors. [17] This will enable new service models and technologies, such as blockchain, to be tested in market, de-risk their development, and help prove the value of use cases. [14] Capacity monitoring: Blockchain can help logistics companies with changes in available capacity throughout the day. [17] Quite a few brand-name companies are testing versions of the Ethereum blockchain for a variety of industries, including financial, industrial, logistics, energy, and medical. [17] Current startups ShipChain, CargoX, Block Array, and Blockfreight have raised funding to build blockchain based solutions for supply chain and logistics. [12] While blockchain has clearly been embraced by the supply chain community, there are as of yet no open standards to help ensure successful implementation." [13] He then notes the various types of blockchain - public, private and consortium - and their differences, as well as some of the key components that make blockchain work before explaining some of the benefits blockchain can provide to the supply chain. [13] "Public blockchains, such as Ethereum use the computationally expensive Proof of Work consensus mechanism. [14] The use of blockchain for freight transport could increase the accuracy and efficiency of dispatchers by eliminating the middle-man between shippers and end-customers, ultimately make streamlining deliveries more efficient. [12] TMW System?s inclusion in BiTA is one of the steps the company is taking to proactively prepare for the inclusion of blockchain in the global freight network. [13] Fraud detection: As noted, blockchain transactions are immutable, and will therefore be visible to everyone with access to the network, reducing the potential for fraud. [17] With blockchain, transactions are being proofed 24 hours a day, seven days a week, meaning there's the potential to settle transactions almost instantly, or within a few minutes in a worst-case scenario. [17] Blockchain does this by filling three important roles: recording transactions, establishing identity and establishing "smart contracts". [10] In a blockchain, any number of parties can be involved, but no party can alter a previous block in the chain, creating a transparent and trusted record of transactions. [13] Alongside these promising visions of consensus-based, peer-to-peer transport, the authors acknowledge the technology?s inherent limitations: "The limited transaction size constraint in blockchain is a function of design. [14] If ten pieces of information for each container were added to a blockchain as they move through the port, this would result in a transaction rate of two per second - less than the average Bitcoin TPS of three per second, for example. [14] If five pieces of information were added to a blockchain for each journey, and evenly over that hour, this would mean 20,000 transactions per second - one thousand times faster than the Ethereum blockchain is capable of working, for example. [14]

"The shared behavior of the blockchain allows organizations to not only track products within their control but also across vendors participating in the transaction, thus providing a 360-degree view to business stakeholders," Leonard, who authored the whitepaper, notes. [13] Blockchain can support successful deployment of autonomous vehicle fleets serving different use case scenarios, providing the means for on-demand mobility and effective MaaS development to its full potential (I discuss the autonomous driving factor as a key enabler for MaaS consolidation, mainly from a business model perspective, in my last article ). [10] Blockchain will enable not only shared use, but also shared ownership over fleets of autonomous vehicles deployed in a city. [10]

Private blockchains, such as Hyperledger15 do not use PoW. Instead, consensus mechanisms that have a fraction of the computational cost are used, such as those based on voting. [14]

Vehicle-to-vehicle communication could be built upon blockchain, and more data could be recorded during the shipping process due to automation, which would in turn lead to even more developments of sophisticated blockchain solutions. [12] "BigChainDB aims to combine scalable distributed data storage with blockchain. [14]

Develop a platform for dialogue and a thought leadership panel of influential entities around blockchain in logistics. [18] Bokher: There are no established blockchain platforms in trucking yet, although some startups aim to build that. [12] Digital Journal caught up with Sam Bokher to discuss the impact of blockchain on the freight sector. [12] UPS joined BiTA back on Nov. 7, with the expressed interest in exploring what blockchain could do for its custom brokerage business. [17] An available presentation from BiTA on its website lists eight real-world use cases for blockchain in the freight industry. [17] Bokher: We already have early use cases, but I predict that sizable benefits will come once companies start working with each other on blockchain, which may take approximately 3-5 more years. [12] The fact is, however, that public transport authorities and operators are not choosing, or even considering blockchain yet (apart from some isolated experiments, and this links with the lack of wide adoption I mention earlier. [10] There is little debate on that public transport must be the backbone of "real" MaaS. Blockchain can support better and more efficient public transport. [10]

Blockchain can be used to create decentralized IDs, immutably log medical records, and, perhaps most intriguingly, make supply chains more efficient. [17] It?s going to be exciting to follow up with first movers? initiatives that leverage blockchain to develop mobility services that are focused on providing more individualised, customer-centric and efficient mobility services. [10] Promote education of blockchain technologies in the logistics industry. [18] Blockchain will allow individual and fleet vehicle owners to lease their vehicles to trusted and identified riders with simple, straightforward smart contracts set on spot, setting the terms of very short rental periods, in a range of minutes (no longer, a middleman clerk sitting at an office desk, asking you long questionnaires, filling in a form with your answers, finally issuing an insurance contract). [10] Arguably, though, an even more exciting open-source blockchain initiative was formed just a few months ago: the Blockchain in Transport Alliance (BiTA). [17]

BiTA's goal is for members to participate, discuss, create, and adopt industry standard uses of blockchain applications and to provide clarity and direction for the development of blockchain technology in the trucking industry in a manner that will create efficiency, transparency, and foster trust. [15] One of the most intriguing concepts put forward by the blockchain community is the possibility to use Ethereum (an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications) to build so-called Decentralized Autonomous Organizations (DAO). [10]

Roadrunner joins freight companies in developing blockchain standards and educating industry on applications. [45] The company joins fellow freight companies in the mission of developing blockchain standards and educating the industry on blockchain applications. [11]

Our goal is to bring together leading companies in the freight technology industries that have a vested interest in the development of blockchain technology. [18]

"As one of the largest transportation and logistics companies in the United States, Roadrunner will help provide additional insight to help us continuously improve and implement progressive standards," said Chris Burruss, president of BiTA. [45] "As transportation and technology professionals, we can never stop improving," said Scott Cousins, CIO of Roadrunner, "and we are very eager to join a pioneering group such as BiTA and help shape the future of our industry." [45] With several major technological initiatives underway, the partnership with BiTA will continue to help Roadrunner innovate and improve the customer experience for shippers of all sizes using any mode of transportation. [11]

This makes the expression of services like car-bike-scooter sharing, car-pooling, ride-sharing/hailing, demand responsive transit, and ultimately MaaS, a new paradigm that combines novel forms of urban mobility with public transport (the irreplaceable backbone of urban mobility), blurring the lines between personal and collective transportation. [10] The transportation ecosystem is also crowded, with many stakeholders participating, besides the MSPs (software vendors - too often deploying locked-in or rather proprietary solutions; financial entities - that control the flow of money; insurance companies - that have little idea who is to be made liable under unprecedented scenarios; policy makers, urban planners, etc.). [10] Bokher: Currently, the transportation industry is a massive market, reaching $1.2 trillion in revenues in the U.S. each year, but the technology used by trucking companies is either minimal or nonexistent. [12]

"If the technology can store all pieces of information in a single place, it could also very well serve as a Master Data Management (MDM) system," he writes. [13] Leonard also highlights one possible application that many are not considering - as a master data management system. [13] Professor Lenny Koh, director of the Advanced Resource Efficiency Centre (AREC), at the University of Sheffield?s Management School, added: "Our transport systems and their wider networks and supply chains are increasingly digitalised. [14] Cass Information Systems, Inc. is a leading provider of integrated information and payment management solutions. [15]

Automakers, big tech firms, nimble startups and banks, notably, are already developing proof of concept applications and investigating how to leverage blockchain technology to solve current and future mobility challenges. [10] BiTA standards are intended to create a common framework to help organizations develop and adopt blockchain technology. [15] Blockchain technology allows many parties to contribute data and share access to a common ledger in a way that prevents any participant from tampering with the integrity of the data. [15] Bokher: A report by Morgan Stanley states that blockchain technology can potentially be used to manage up to $500B of freight costs. [12]

At a high level, blockchain is a digital ledger technology capable of recording transactions and storing data in immutable blocks across a distributed network. [19] The blockchain market has very few standards or industry specifications for the adoption and use of the technology and hardware. [23] Blockchain is the underlying technology behind bitcoin, which is a digital token that allows one party to pay another anywhere in the world for goods and services, in some ways like cash. [24] The rationale behind using blockchain in autonomous vehicle development is the need for large amounts of driving data from different users as also mentioned by Chris Ballinger, director of mobility services and CFO at TRI: " Hundreds of billions of human driving data may be needed to develop safe and reliable autonomous vehicles." [24] Autonomous vehicles coupled with blockchain based advanced data sharing functionality and payments will allow for new forms of car insurance models not previously possible. [24] He also stated that blockchain allows the pooling of data from vehicle owners, fleet managers and manufacturers to decrease the time to reach safe autonomous vehicles and to increase safety, efficiency and convenience. [24] Before fully autonomous driving becomes a reality data collected from advanced sensors can be compiled and put into a blockchain which would reveal driving behaviour and habits of individuals. [24] Immutable : Once a transaction and data has been verified through consensus and added to the distributed database it is impossible for a hacker to amend or substitute the blocks in a blockchain. [24] The Blockchain is a secure transaction ledger database that is shared by all parties participating in an established, distributed network of computers. [25] Blockchain transactions are highly visible to everyone on the network and cannot be altered, virtually eliminating fraud. [22]

Bringing the industry together and building interoperable blockchain networks is key to helping the automotive industry unleash the potential of blockchain. [26]

Today we're discussing 10 benefits and use cases for blockchain in logistics, and how the logistics industry will advance this technology for widespread adoption. [23] While it?s difficult to predict exactly when the logistics industry will experience wide-scale blockchain adoption, in the meantime, you can help by getting involved and watching for opportunities to pilot programs within your logistics operations and supply chains. [23] One thing is for sure: With applications like performance history, capacity monitoring, and payment security through fraud detection and theft prevention, blockchain has a lot to offer the logistics industry. [22] Payment processing and settlement is secure in a blockchain, and transaction information is easily accessible. [23] Overall, blockchain based eWallet can facilitate payment efficiency especially when blockchain enables peer-to-peer transactions and eliminates intermediaries. [24] By creating these secure, unalterable records of contracts, blockchain could present a world in which we can capture every part of a transaction in a digital record. [22] Blockchains can literally be built into the contracts, which allows software to manage transactions that will be logged in a blockchain. [26] Support of this enterprise solution, which documents transactions that are important to the safe and efficient moving of freight, is gaining traction, and the number of retailers, manufacturers, and carriers embracing blockchain and its benefits is growing. [21] "One not so obvious byproduct of a blockchain environment is the improvement in data integrity," says David Roush, president of KSMTA. "This will allow more precise calculations regarding the profitability of freight from the carriers' perspective." [21] Already today there are a number of companies using blockchain to enable data sharing. [24] The blockchain would guarantee the vehicle as a legitimate source of data while keeping details such as registration number, passenger identity or vehicle speed secret. [24] Encrypted : Although blockchains are transparent in that stored data is readily accessible to the public to monitor the combination of data storage and simple encryption allows for data to be only accessible by the owner of such data or by parties which are provided access by the owner. [24] Of note: with technologies like Bitcoin, blockchain offers an open, distributed ledger for public use. [22]

As the first, and currently only CPA and consulting firm to join BiTA, Katz, Sapper & Miller (KSM) and KSM Transport Advisors (KSMTA) will be better prepared to counsel clients on the impact blockchain will have on the supply chain. [21] Blockchain still encompasses the various familiar transactions in the supply chain, but it adds a level of protection as each transaction is validated and recorded. [21]

While blockchain is not the only solution for storing this information, the immutable and auditable nature of a blockchain ledger provides increased transparency and significantly reduces possibility of fraud. [24] A blockchain can contain detailed information and rules, such as photo IDs and rules for the pick-up and delivery of freight. [23] The secure blockchain database makes payment processing and settlement information easily accessible. [22]

Indeed blockchain may disrupt the disruptors as consumers and service providers can meet without the need for a centralised bureaucracy. [24] Blockchain and smart contracts could be further utilised for insurance claim processing, by automating claims submission and payouts and automatically deploying service technicians. [24] Says Entrepreneur, "With smart contracts, agreements can be automatically validated, signed and enforced through a blockchain construct--eliminating the need for mediators and therefore saves the company time and money." [23] Ethereum and the rise of smart contracts: The Ethereum public blockchain emerged in 2014 as an open source project and alternative to the Bitcoin blockchain -- specifically designed to be 'the world's super computer'. [24]

These properties of blockchain, namely being decentralized, cryptographically secure, immutable and traceable may be a solution to some of the challenges associated with autonomous cars. [24] Blockchain solutions are usable now depending on the application and infrastructure. [26] Rich Strader, Vice President, Mobility Product Solutions, Ford Motor Corp., notes "We believe blockchain will transform the way people and businesses interact, creating new opportunities in mobility. [26]

Blockchain has the ability to provide more security, cost efficiency, and fast operations gives it boundless opportunities in transforming the world into a safer and more convenient place to live in. [25] As more people move to car sharing there will be increasing numbers of consumers interested to know details about the vehicle's history i.e. kilometres driven, any accidents etc. As previously mentioned, Innogy announced plans for a blockchain platform that creates a digital 'twin' of the car which will record details provided by the manufacturer, repair shops and the car itself and which will be stored on the IOTA tangle. [24] RadarZero is your daily resource for cutting-edge technologies, including blockchain & cryptocurrencies, artificial intelligence, virtual & augmented reality, autonomous vehicles and other emerging tech that is rapidly changing society and industries around the globe. [24]

With thousands of companies eager to develop and promote blockchain technology in logistics, BiTA is investigating use cases and developing a common framework for which the industry can build revolutionary blockchain applications. [23] While the financial industry is already testing and implementing blockchain technology to improve operational inefficiencies and reduce the costs of financial transactions, there are many more sectors that face disruption as well. [24] The alliance, which was formed in August 2017, will serve as a neutral clearinghouse of information and resources that will help industry participants develop a mutually beneficial consensus on how to implement blockchain technology. [21]

Blockchain technology can additionally be utilised to transact real-time data packets and incentivise car owners to share data and thereby strengthen the overall vehicle network. [24] The data generated through blockchain technology could drive greater data analysis, which is valuable in today's data-driven supply chain. [21] This is part II of our series on how blockchain technology will impact the supply chain and logistics industry. [23] The experts agree that one factor necessary for the advancement of blockchain technology within the logistics industry is the creation of standards. [23]

Companies need technically qualified people to run blockchain technology, which can be a significant cost, especially for small- and medium-size businesses. [23] By implementing Blockchain technology in the collaborative economy, it is no longer necessary for a central authority to ensure that the terms and conditions are met and that transactions are carried out accordingly with customers. [24]

That innovative spirit still drives GE Transportation today and is strengthened by our ability to serve customers more holistically through the GE Store - a global exchange of knowledge, technology and tools across all GE businesses that ultimately provides better outcomes for customers. [19] "We understand the importance of using data and analytics to drive outcomes for our customers," said Monica Caldas, Chief Information Officer for GE Transportation. [19] "As GE Transportation extends its capabilities into the broader supply chain, we?re connecting partners and customers at every node and across multiple modes," said Laurie Tolson, Chief Digital Officer for GE Transportation. [19]

Urban public transportation will become increasingly complex and crowded in the future, as the importance of mobility services like Uber and Lyft grows ( with an estimated $69 billion, and $7.5 billion net worth respectively ), and more companies look to leverage self-driving cars to launch autonomous ride-hailing services in cities. [24] One of the brightest things one can think about is to make a program that will allow public transportation payments via mobile phones or devices. [25]

Technologies like Tesla's Self-Driving Auto-Pilot capability and Uber's tiered ride sharing platform are accelerating this transition from private transportation to personalised transport. [24]

The distributed ledger technology can provide smart contracts, digital identities linked to a publicly viewable user reputation systems and digital currency payments, all of which alleviate the need for a central authority. [24] There will be new and innovative ways ' big data ' will be used, such as the creation of a digital highway and that could have major impacts on providers and users of the transport system. [24] Encryption and digital signatures are used to make sure that any modifications would be detected, and the distributed nature of the system means that the data is stored in multiple locations. [26]

C-ITS refers to a subset of intelligent transport systems in which the different elements of the transport network - vehicles, roads, infrastructure - share information with each other by broadcasting signals. [24] While still under development, Artificial Intelligence Systems (AIS) are likely to enable a further transformation of transport and urban network management. [24]

This takes a standard written contract to the next level by integrating all parts of the transaction into one system. [22]

Sachin Lulla, Vice President & Partner, IBM Automotive Industry Leader says "A set of blockchain standards for the mobility industry will allow auto, infrastructure, and service providers to efficiently communicate and transact with each other. [26] Rather than being distributed via a centralized grid the blockchain technology would allow excess electricity generated by nearby solar panels to be sold on a P2P basis to passing by automated vehicles. [24]

Morgan Stanley notes that one major difference in the transportation industry is that there will likely be a closed, private ledger for these transactions. [22]

Berkshire Hathaway-owned BNSF, a U.S. and Canadian railway based in Ft. Worth, Texas, is the newest member of the Blockchain in Transport Alliance (BiTA), which is comprised of 200-plus freight and logistics plays that are interested in incorporating distributed ledger technology into their industry. [29] "As a member of BiTA, Landstar is excited to participate in the early design of blockchain industry standards, and to establish relationships that will help us continue to lead with technology," added Coro. [27]

Blockchain is a technology that enables identifying and tracking transactions digitally and sharing this information across a distributed network of computers. [32] No, blockchain is not likely to be a technology panacea by any stretch, and that is coming from one of the foremost logistics technology experts there is, but, at the same time, it is impossible to overlook at this point. [34] "When you look at the technology, the greatest value proposition of blockchain lies today in the supply chain for sectors like food, pharma, and high-value goods," he said. [34]

Some of the issues that the consortium is looking to tackle include "smart contracts, freight payments, asset maintenance and ownership history" using the blockchain, which would thrust the rail industry into the 21st century. [29] Using a blockchain and smart contracts we can create a platform that integrates isolated transport networks without all the pitfalls of interoperable networks. [46] Both of these types of transport network have problems that can be solved using a blockchain. [46] By storing the network topology on the blockchain we can establish a number of trusted transport operators (Operators) that are permitted to offer Fares for transport between a subsection of the overall transport network. [46] By adding a number of ticket distributors (Distributors) to the network we can implement a collection smart contract that turns a blockchain Ticket into one of networks native formats. [46]

Blockchain is becoming a new standard for trading information, impacting consumers, companies, and governments. [31] Reduce costs through secure, transparent, optimized information sharing with blockchain solutions. [33]

Although many blockchains come with an in-built cryptocurrency it is not necessary to use that as the basis for transactions. [46] The customer does not act directly on the blockchain, instead they act through Retailers? websites or apps using traditional means of transferring money such as card payments. [46] Warren Buffett-Owned Railroad Joins Blockchain Transport Consortium You are using an outdated browser. [29]

Landstar understands the importance of establishing standards and guidelines for connecting existing and evolving technologies to blockchain platforms. [27] FedEx, for instance, currently has blockchain pilots underway with a focus on customer service, more specifically conflict resolution. [29] Interested in learning more about how Salesforce and blockchain technologies can help your business? Contact us at [email protected] [31] The goal of the alliance is for company members? business and technology executives to collaborate, create and adopt industry standard uses of blockchain applications for the freight industry. [27] "Blockchain technology will transform the supply chain by introducing greater transparency, innovation, and efficiency," said Chris Burruss, President of BiTA. "We are fortunate to have member companies like HCL Technologies, who have experience with blockchain applications. [32]

Trimble Transportation Enterprise Solutions, a leading provider of enterprise software to over 2,000 transportation and logistics companies, and the largest data science organization in the industry, supports thousands of customers, cabs, and trailers on the road. [28] "By helping to develop a common framework and standards through working with the industry participants, we will promote broad adoption of this disruptive digital technology for transportation and logistics." [32] The topics range across all modes of freight transportation, to be sure, as well as policy and technology. [34]

All those transactions would then be stored on a decentralized ledger, allowing all of the transportation providers to verify and view those transactions, and giving them valuable data into customers' transportation habits. [35] Consumers could use the cryptocurrency value on their card to pay for multi-modal transportation, enabling them, for instance, to take a trip part way on mass transit and part way on a bike-sharing or ride-hailing platform, and pay for the whole trip with one transaction on one card. [35]

Urban public transportation will become increasingly complex and crowded in the future, as the importance of mobility services like Uber and Lyft grows, and more companies look to leverage self-driving cars to launch autonomous ride-hailing services in cities. [35] Armed with such insights, companies will be able to optimize their transportation networks for local demand, which could greatly improve their efficiency and profitability. [35]

Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. [34]

They can facilitate enhanced collaboration between customers and companies by leveraging blockchain technology (with a single trusted ledger) to create a seamless supply chain experience. [31] BiTA engages with the industry and provides educational resources to promote the potential benefits of Blockchain technology. [32] A few months ago I gave a high level overview of blockchain technology and promised to show how blockchain technology might be useful in the transport industry. [46]

As covered in my previous post, blockchain technology was introduced as a means to perform financial transactions over a peer-to-peer network, removing the need for a central trusted authority. [46] In this post I?ll introduce The Planar Network, a platform for interoperable multi-modal travel based on blockchain technology. [46]

It brings together leading companies in the freight technology industries that share a vested interest in the development of Blockchain technology. [32] In a business that constantly talks about the need for visibility, it stands to reason we are in the very early innings of blockchain technology, and for good reason. [34]

BiTA, meanwhile, is looking to "develop blockchain standards for the logistics industry and the supply chain." [29] The CoTrust Blockchain Application Platform offers services with key features, such as a managed platform, end-to-end security, automated on-boarding, and structured APIs. [32] Cryptocurrencies leveraging distributed ledgers and loaded onto prepaid transit cards would provide just such a digital payments mechanism that consumers could use to pay for ride-hailing, bus, and subway services, while creating transparency and trust among providers of those services, Amos Haggiag, CEO and co-founder of Optibus, a startup that provides a cloud-based analytics platform for mass transit systems, recently told BI Intelligence. [35] More progress needs to be made before distributed ledger technology can support mass transit systems. [35]

Former Executive at General Motors and CTO/VP of Information Management at U.S. Xpress Inc, Timothy has over 30 years? experience in configuration management planning for Information Management Systems, Operational Data Stores and Order Entry Systems. [28] It can also help to create new revenue streams and value for customers by enabling a system of completing transactions, tracking shipments, and managing fleets. [32]

RANKED SELECTED SOURCES(46 source documents arranged by frequency of occurrence in the above report)

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2. (36) Blockchain Technology for the Transportation Industry: Where the Future Starts

3. (29) Blockchain Could Save Americans Nearly $6,000 A Year In Transportation Costs | radarZero

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5. (20) Blockchain Enabling Mobility-as-a-Service (MaaS) - Disruption Hub

6. (18) How Blockchain Technology Could Transform Trucking | Trucks.com

7. (18) Blockchain for Trucking | Transport Topics

8. (14) Blockchain: How This Emerging Technology Could Transform the Transportation Industry | Trucking Profitability Insights

9. (14) 10 Benefits of Blockchain in Logistics - Part 2

10. (13) Say Hello to the Blockchain in Transport Alliance and Its 10 Brand-Name Members -- The Motley Fool

11. (13) Blockchain in Freight Transportation: The Next Big Thing

12. (12) Q&A: How blockchain is disrupting transportation (Includes interview)

13. (12) TMW issues whitepaper on blockchain?s potential in transportation -- FreightWaves

14. (11) HCL Technologies Joins Blockchain in Transportation Alliance | HCL Technologies

15. (11) Blockchain will work in trucking but only if these three things happen TechCrunch

16. (9) Blockchain Transport

17. (8) Cass Joins Blockchain in Transport Alliance

18. (8) GE Transportation joins Blockchain in Transport Alliance, seeks to advance exploration of technology applications across the supply chain | GETransportation

19. (8) Could Blockchain Transform the Transportation Industry? | Electronic Design

20. (8) 6 Applications and Implications of Blockchain Technology in Transportation Management

21. (8) Road to decentralizing urban mobility with blockchain and cryptocurrency - Business Insider

22. (7) Roadrunner Transportation Systems Joins Blockchain in Transport Alliance

23. (7) Landstar System Joins Blockchain in Transport Alliance | Landstar

24. (7) Warren Buffett-Owned Railroad Joins Blockchain Transport Consortium

25. (7) Salesforce Joins the Blockchain in Transport Alliance to Bring Customers a Better Supply Chain Experience - Salesforce Blog

26. (6) Blockchain is everywhere - Logistics Management

27. (5) Blockchain Technology and Public Transportation - coinjoker.com

28. (5) Blockchain disruption in transport

29. (4) BiTA: Blockchain in Transport Alliance

30. (4) Experience Trimble?s Live Blockchain--Based System powered by Apache Kafka and Apache NiFi - DataWorks Summit DataWorks Summit

31. (4) Blockchain Can Help The Transportation Sector Move The Right Goods, At The Right Time

32. (4) Roadrunner Transportation Systems Joins Blockchain in Transport Alliance | Global Trade Magazine

33. (3) Roadrunner Transportation Systems joins BiTA | Refrigerated Transporter

34. (3) What is Blockchain Technology and How Will it Impact the Trucking Industry? | TCS Blog

35. (3) Blockchain Will Revolutionise Global Trade and Transport

36. (3) 7 Blockchain Applications in Logistics - Ennomotive

37. (3) Malta hires Williams F1 partners Omnitude to rev up its public transport system - CryptoNewsReview

38. (2) What Blockchains Could Mean for Transportation and Government | Volpe National Transportation Systems Center

39. (2) Blockchains, Smart Contracts, and the Future Of Transportation Security | WI Automated Vehicle Proving Grounds

40. (2) Travel and Transportation Industry Solutions | IBM

41. (2) Blockchain for Logistics: APIs are the Gateway | project44

42. (2) Blockchain in Taxi Industry: Technology for Ordinary People

43. (2) Hyperloop TT Envisions A Transportation System Made "Frictionless? By Blockchain Technology - ETHNews.com

44. (1) GEs Transport Arm Joins Blockchain Consortium - CoinDesk

45. (1) Malta Government to Enhance Public Transportation Using Blockchain . | Bitcoin Magazine

46. (1) Blockchain for Transportation: Where the Future Starts - Supply Chain 24/7 Paper

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