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Key players in the trucking industry are pushing for the wide adoption of blockchain technology , an advanced ledger system that they believe will make shipping more efficient. Blockchain technology is a shared digital distributed ledger that, when implemented in a supply chain, can streamline the entire trucking process from start to finish. A coalition of manufacturers, shipping companies, and logistics technology organizations have united in a consortium called the Blockchain in Trucking Alliance , a move they believe will quickly and strategically implement the technology.
The concept of deploying blockchain in trucking systems is only in its infancy, said Kenneth Craig, vice president of McLeod Software, a charter member of the alliance, also known as BiTA. When fully adopted, blockchain has the potential to revolutionize the shipment and transaction process. Blockchain allows companies to track trucks and monitor freight services carefully on a shared digital network, keeping commodities safer and maximizing efficiency.
But in order for freight brokers to successfully transition away from using this old technology, a new system must be carefully designed. Blockchain is already widely used in the financial industry, as the underlying technology that supports the digital currency bitcoin.
But unlike bitcoin, which is based on a public blockchain and is shared with millions of users all over the world, any blockchain the trucking industry uses will be secure and private. Blockchain workflow scheme explainer — transaction processing in global cryptocurrency net.
Groups of those key stakeholders, united under an organization like BiTA, will be better able to build these blockchain structures and sign agreements. High levels of demonstrated interest have already been expressed by major players in the trucking industry. After launching Aug. Before implementing blockchain on a larger scale, industry standards and policies must be drafted and agreed upon. There, members will form governance committees, develop commercial use cases and work together to develop standards of execution.
Already, technology companies like IBM and distributors like Walmart are experimenting with blockchain systems, but they have yet to achieve commercial ubiquity. Fuller expects that within the next year, that will change. Home News Trucking Technology. September 21, by Sarah Holder , ptsarahdactyl. Photo: TransRisk. Share this Leave a Comment Cancel Reply Your email address will not be published.
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Demand for new and used cars slowed slightly in October, as elevated car prices may have deterred consumers from buying a car until prices stabilize. Analyzing over , new and used cars sold in October , iSeeCars. Both new and used cars are selling slower than in September, where the average for new cars was Here are the new vehicles in the highest demand by state:.
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The Super Bowl is here and even if you're not planning to watch the game, there are still plenty of reasons to be excited for Sunday. People either enjoy the Super Bowl for the football, the halftime show, the parties, the wings, the pizza, the dips The best part for many viewers is Super Bowl commercials. We found out the fate of Mr. Peanut and maybe Tom Brady? The companies that decided to spend millions on this year's Super Bowl ads will have to wait to see if their investments were worth it. But if they're looking for an immediate judgment from a highly unqualified arbiter, they've come to the right place. Here are the best and some of the worst Super Bowl commercials and whether consumers are more likely to buy or sell the products advertised in them.
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Your browser's cookies are disabled. The Tama Imperialstar drum set boasts 6-ply Poplar shells that are warm and super responsive. Organizations are facing a new wave of pressure and urgency to reimagine their value chains to optimize for business value and sustainable impact. Find the elevation and coordinates of any location on the Topographic Map. How many words is 4 page?
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Not many decades ago, the four-door sedan was the most popular road-going mode of transportation amongst the masses. Cars like the Toyota Corolla and Honda Civic were permanent fixtures of the streetscape, globally. Then the SUV came along. What was once relegated to estate- or desert-traversing duties, gradually gained popularity and was appreciated for its added space and luggage-hauling capabilities. And now, every household prefers one or one of its less-abled cousin, the crossover. Yet another trend emerging in the Middle East is the increasing sale of pickup trucks.
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A panel of crypto market experts and academics have revised their bitcoin price predictions following the recent price crash, though still predict record highs for the cryptocurrency in Bitcoin price predictions have been more muted in following the worst ever start to a year for the cryptocurrency. A weeks-long downtrend has seen bitcoin fall to its lowest price in six months, with it currently trading at roughly 50 per cent of the all-time high it experienced in November. Follow our live coverage of the crypto market. When asked whether the dip meant it was a good time to buy, sell or hold the cryptocurrency , more than half of the analysts polled by price comparison site Finder.
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