March 12, 2018
Moving Blockchain through the Freight Industry
Filament has joined the Blockchain in Transportation Alliance (BiTA), a consortium that brings technology and transportation leaders together to develop new standards and solutions for the freight industry.
At Filament, we have the opportunity to speak with executives and technical teams at organizations in a wide range of industries about blockchain technology. While we have found that many market sectors see potential benefits, the transportation sector is already working to realize them. In fact, we are currently working on pilot blockchain projects in the transportation market that provide verification and attestation of data to improve overall operations transparency and security.
As Filament is focused on providing the blockchain-native technology that enables the trusted verification, interaction, and full transaction capability necessary to achieve operational efficiencies, our software and Blocklet Chip™ solutions are well suited for environments that perform frequently scheduled services common in the trucking, maritime, and air cargo industries.
As one example, in order to improve efficiencies, a shipping company could leverage blockchain technology to track its containers to verify the time from the point of origin, around terminals and ports, and to the final destination. As another, a trucking company could turn to blockchain for the Internet of Things (IoT) to track usage of vehicle components for past performance and future maintenance. In both cases, Filament’s blockchain-native chip, which brings established root-level trust to devices and machines, can secure data in transit and provide the required verification, attestation, and transparency across multiple businesses and their partners.
We are pleased to have joined the growing BiTA forum that is working together to provide clarity and direction for the development of blockchain technology in the trucking, transportation, and logistics industries in a manner that will create efficiency, transparency, and foster trust. We look forward to contributing, and will leverage our strength in developing decentralized protocols and open standards to help create a common secure blockchain framework, educate the market, and form relationships for new implementations.