Blockchain technology provider CargoX believes skeptics shouldn’t be bystanders in the creation of global shipping data standards.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
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A comparison of U.S. annual inflation rates to Freightos daily shipping rates over the course of two years
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While EDI is a standardized way of data transfer, API provides flexibility and allows companies to customize and call the data sets that they want whenever they want.
GS1 US has created data standards to help expedite the mainstream adoption of blockchain within the logistics industry.
Learn more at SONAR.FreightWaves.com!
This week: Doctors stuff Aussie truckers full of opioids; Prime Ministerial funding splurge on infrastructure; tech and data standards action points identified; trucker accidentally crushes his own car; trucking tax hike fight won… sort of; DHL Supply Chain vows carbon neutrality.
Public blockchain-based logistics document transaction platform CargoX has integrated with private blockchain-based digital freight management platform RoadLaunch to provide users greater visibility and transparency into logistics operations.
Getting stakeholders to cooperate in creating interoperability within blockchain networks is the next hurdle that the technology needs to overcome for mainstream adoption.
On Wednesday at the Texan Gaylord Resort and Convention Center, following MarketWaves18, members of the Blockchain in Transport Alliance (BiTA) met to receive updates on the organization’s progress toward data standards, hear announcements, share feedback, and learn about the work being done by BiTA’s think thanks.
Hapag-Lloyd believes that data standardization would help various stakeholders to collaborate together and improve the supply chain efficiency in the maritime industry.
Tiger Spider, a Australian transport engineering consultancy believes blockchain and data standardization would be integral to creating an efficient and profitable freight transportation system.
For widespread data openness and implementation, it is essential to develop data standards that are mindful of the collective interests of all the stakeholders in the freight industry.
Earnings season is here; UPS posts 13th quarter of double digit growth; Knight-Swift finds synergies; Maersk trials autonomous ships; the Mustang is the last Ford car left; Barclays and Goldman Sachs collab on data standards for derivatives and blockchain; Union Pacific beats the Street.
