Blockchain is one of those things that everyone talks about but no one (myself included) really understands - like bitcoin or the stock market. I do understand, however, that blockchain is all about trust, and that's the reason it's going to revolutionize every industry. It's also the reason it can revolutionize wine markets.
In a small office in Ashburn, Va., ensconced among the government contractors that make up the Dulles Technology Corridor, a start-up called Babel Street is bringing government-style surveillance to an entirely new market.
Many shippers were caught off-guard last August when the world's seventh-largest container line suddenly went into receivership. An estimated $14bn in cargo was left in limbo after two-thirds of South Korea-based Hanjin's fleet - some 93 vessels - were seized, stranded or denied entry into ports.
In logistics, the best known blockchain pilot program involved Maersk and IBM. It centered on creating a digital distributed ledger to create a single electronic place where all the myriad documents related to a shipment could be housed.
Emerging technologies on Gartner Inc.'s "Hype Cycle for Emerging Technologies 2017" reveal three megatrends that will enable businesses to survive and thrive in the digital economy over the next five to 10 years.
Even if the craze for Bitcoin and Ethereum abates, the power of the "blockchain" tech behind those currencies is very real. Here's how businesses are trying to harness it - and why they can't afford to ignore it.
The latest news, analysis, trends and solutions for big data, blockchain and the internet of things (IoT) and their impact on supply chain management. Big data describes the large volume of data that inundates a business on a day-to-day basis and can be analyzed for strategic business insights. IoT is the means that collects and sends data from a range of “things” — anything from watches to fridges to cars — that are connected to the internet with sensors or computer chips. Learn how companies around the world are using big data, blockchain and IoT for supply chain optimization and competitive advantage.
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