UPS joins Blockchain in Trucking Alliance
UPS has joined the Blockchain in Trucking Alliance (BiTA), a forum focused on the development of blockchain technology standards and education for the freight industry.
Blockchain – a digital database using blocks that are linked and secured by cryptography – can be used to keep record of any information or assets. This includes physical assets, like transportation containers, or virtual assets, like digital currencies.
“Blockchain has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage,” said Linda Weakland, UPS director of enterprise architecture and innovation.
“The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply chain stakeholders.”
In a statement issued yesterday (7 November) UPS described blockchain as “a truly disruptive technology that could change many facets of global commerce” and said that it is exploring blockchain applications in its customs brokerage business.
WORLD MAIL & EXPRESS AMERICAS 2018
The World Mail & Express Americas Conference, which Triangle will be holding in Miami on 25-27 February 2018, will include discussions on the impact of blockchain on the logistics and post and parcel industries.
Please click here for more information and to register for the event.