Blockchain Technology for Logistics and Supply Chain

Blockchain Technology for Logistics and Supply Chain

It was only a matter of time until blockchain hit the logistics mainstream. The technology’s ability to record transactions between parties permanently and securely has a multitude of uses in the logistics industry. However, the logistics players are just at the beginning of their path to find the clear benefits of blockchain.

Some of the world’s largest companies including Maersk, Microsoft, Alibaba, and Amazon now invest heavily into the technology. That’s a lot of money getting in on the blockchain action, and why would it be different? The World Economic Forum estimates the integration of blockchain will reduce the supply chain barriers to global trade. Just this aspect is providing businesses with the potential 15% increase ins sales and 5% increase in the GDP.

Logistics Startup of the Month: MOST

Logistics Startup of the Month: MOST
Every month we select one logistics startup which represents a positive example of innovation in logistics and has the potential to alter the way the industry operates. This month, Transmetrics selected MOST, the provider of monitoring solutions for the transportation of goods, as the July “Logistics Startup of the Month” for its outstanding vision of the mobile and sensory technology for the logistics. In order to learn more about the company and what they do, we had a talk with Matilda Bouchet, COO of MOST, where she shared some valuable insights about their business and the industry.

Top 5 Technologies and Innovation Trends Revolutionizing Trucking Now

Top 5 Technologies and Innovation Trends Revolutionizing Trucking Now
Autonomous and electric vehicles, platooning, big data, integrated tech: innovation in trucking is sure moving the industry forward. Smart solutions have inherently changed the way goods are transported around the world with analytics creating a more efficient supply chain – and the industry knows it. According to Supply Chain Management World research, 64 percent of executives think that big data and the insights it brings will have a disrupting power that can pivot the industry forever.

Logistics Startup of the Month: Fizyr

Fizyr
Every month we select one logistics startup which represents a positive example of innovation in logistics and has the potential to alter the way the industry operates. This month, Transmetrics selected Fizyr, the developer of deep learning for vision-guided robotics, as the June “Logistics Startup of the Month” for its exceptional approach to the advancement of robotics technologies. In order to learn more about the company and what they do, we interviewed Herbert ten Have, CEO of Fizyr, and asked him several questions about the company and the industry.

What Blocks the Full Potential of Blockchain for Logistics and Supply Chain?

Blockchain
“Blockchain” – one of the most popular buzzwords in logistics and supply chain industries these days.

During the last 2 years, we have seen UPS, BNSF Railway, GE and others joining the Blockchain in Transport Alliance (BiTA), which is putting efforts to develop the industry standards for blockchain. Meanwhile, IBM partnered with Maersk, the world’s largest shipping company, to establish their own blockchain joint venture which is now joined by CMA CGM and MSC.

But unfortunately, the progress is not as rapid as it seems. The logistics giants are testing the technology by backing closed, permission-based blockchain initiatives, which are bound to limit their effectiveness in the long-term.

Logistics Startup of the Month: DRONAMICS

Dronamics
Every month we select one logistics startup which represents a positive example of innovation in logistics and has the potential to alter the way the industry operates. This month, Transmetrics selected DRONAMICS, the innovative unmanned cargo plane manufacturer, as the May “Logistics Startup of the Month” for its exceptional progress in adopting new technologies for the emerging logistics markets. In order to learn more about the company and what they do, we talked with Svilen Rangelov, a co-founder of DRONAMICS, and asked him several questions about the business and the industry.

How IoT in Logistics Revolutionizes the Supply Chain Management

IoT in logistics

Amazon’s warehouse is perhaps one of the prime examples of how human and machines can collaborate to improve work efficiency. Employees no longer have to roam around scanning each item or search for the missing bar-codes. There are robots with built-in cameras and QR readers to quickly identify items accurately thanks to the rise of IoT in Logistics.

IoT is making supply chain management less challenging and more efficient, providing companies an opportunity to expand beyond bounds. In fact, logistics is one of the primary sectors to embrace IoT with such an open heart. And why shouldn’t it? With the ability to improve operational efficiency and enhance revenue opportunities, IoT has the power to revolutionize the supply chain sector within the next few years.