Tag: logistics

U.S. telecommunications giant AT&T has created a suite of blockchain solutions designed to work with tech from IBM and Microsoft, the company announced in a September 26, 2018, press release. AT&T Dives into Blockchain Technology The world’s largest telecommunications company, AT&T, has become the latest corporation to target diverse industries with a launch of a suite of blockchain solutions. According…

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U.S. courier giant FedEx has forayed into the Linux Foundation’s open source project Hyperledger to propel the use of the distributed ledger technology (DLT) in transportation and logistics. According to a press release, published on September 26, 2018, FedEx has become a part of the project’s booming global community. Major Companies Looking to Gain big from Hyperledger Per the press…

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Retail giants Walmart and Sam’s Club are primed to enter the waters of the distributed ledger technology (DLT), as they will now require their green vegetable suppliers to track the farm produce, all the way from the point of origin. According to a report published by Walmart, on September 25, 2018, blockchain technology will be used as a means to…

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Australia is grappling with a fake honey scandal. A number of companies claiming to be selling pure honey have allegedly been mixing in other types of sweeteners such as corn syrup. In a report released by Australian media houses Fairfax and ABC media, 28 honey brands were tested by a German lab. Bremen-based Quality Services International (QSI) was tasked by…

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Blockchain technology seems to be on quite a flight since the past few years. Per a press release, published on September 18, 2018, NIIT Technologies Ltd., one of the top global IT solutions companies has released its blockchain powered solution “Chain-m” for the aviation industry. Aiding the Aviation Industry in Backend Processes The solution aims to tackle the current challenges…

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Many large industries and corporations have their “unsung heroes” – individuals and groups whose contributions are critical to the overall success of the enterprise, but who rarely garner the praise and attention they deserve. The unsung heroes in the world of trucking and transportation are the truck drivers. It’s the drivers who get goods to where they need to be…

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Lloyd’s Register, a U.K.-based maritime classification society, iterated its support of blockchain technology after it announced the development of a prototype DLT platform to enable efficient and hassle-free registration of ships. Per a press release published on September 4, 2018, the British company announced a demo of the tool at international maritime trade fair SMM taking place in Hamburg, Germany…

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John Monarch knows logistics. His South Carolina based company, Direct Outbound, has been running warehouse and fulfillment services since 2012. Managing the shipments of e-commerce and brick and mortar retailers on a daily basis, he’s acquired a deep familiarity with the global supply chain, and the nature of world commerce more broadly speaking. Incorporating Smart Contracts on the Supply Chain…

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The Boston Consulting Group (BCG) released a report on August 16, 2018, which outlined the complexities of implementing blockchain technology in enterprise and corporate systems. The group urged senior executives to reconsider the benefits of the innovation and assess the potential drawbacks before proceeding with the nascent technology. Blockchain’s Potential May Have Been Exaggerated Although blockchain technology has been heralded…

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The term “oracle,” which comes from a Latin verb orare, was used in ancient times to refer to a person or group that connected the gods to the people. The oracle then relayed the heavenly messages to the general public who could not access the spiritual world. Being an agency of communication, they acted in different ways inspired by different…

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