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UPS joins BiTA, moving ahead adoption of industry standard
来源：shippingazette.com 编辑：编辑部 发布：2017/11/14 11:42:29
BLOCKCHAIN in Trucking Alliance (BiTA) has added to its membership UPS and its subsidiary Coyote Logistics, a development that is expected to drive forwards the development of blockchain technology standards for the freight industry.
The logistics industry will need to adopt standards and protocols to enable blockchain platforms to operate together with established technologies in order for blockchain to become a standard industry tool, according to UPS.
Furthermore, those standards and protocols need to be agreed on and implemented across the board, otherwise companies' computers won't be able to communicate with each other, reported New York's Air Cargo World.
"Blockchain has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage," UPS director of enterprise architecture Linda Weakland was quoted as saying.
"The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply-chain stakeholders."
UPS said it is exploring blockchain applications in its customs brokerage business, which will help simplify the task of digitalising air freight transactions.
Blockchain is a digital database using blocks of information that are linked and secured by cryptography. Data shared via blockchain can be used to keep record of information or assets, which for air freight includes physical assets, such as unit load devices (ULDs), or virtual assets, such as digital currencies and records of financial transactions.
That means that partners with access rights can view shipments, payments and other transport data that is stored in the cloud.
The logistics industry will need to adopt standards and protocols to enable blockchain platforms to operate together with established technologies in order for blockchain to become a standard industry tool, according to UPS.
Furthermore, those standards and protocols need to be agreed on and implemented across the board, otherwise companies' computers won't be able to communicate with each other, reported New York's Air Cargo World.
"Blockchain has multiple applications in the logistics industry, especially related to supply chains, insurance, payments, audits and customs brokerage," UPS director of enterprise architecture Linda Weakland was quoted as saying.
"The technology has the potential to increase transparency and efficiency among shippers, carriers, brokers, consumers, vendors and other supply-chain stakeholders."
UPS said it is exploring blockchain applications in its customs brokerage business, which will help simplify the task of digitalising air freight transactions.
Blockchain is a digital database using blocks of information that are linked and secured by cryptography. Data shared via blockchain can be used to keep record of information or assets, which for air freight includes physical assets, such as unit load devices (ULDs), or virtual assets, such as digital currencies and records of financial transactions.
That means that partners with access rights can view shipments, payments and other transport data that is stored in the cloud.