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Blockchain Technology May Be Another Important Highway For The Trucking Industry

It's in the news, and so many people are talking about the blockchain technology. Eventually, everyone may somehow be part of this technology one way or another as it becomes more and more designed for the "internet of everything." If you're not up-to-date on the blockchain theory, Blockgeeks.com has a detailed, educational review entitled "What Is Blockchain Technology? A Step-By-Step Guide For Beginners." This spreadsheet technology was initially developed to follow the "bitcoin" craze. To give you a nut and bolt answer, this article included the perfect, explanatory quote: "'The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.' Don & Alex Tapscott, authors Blockchain Revolution (2016)"

How will blockchain technology affect the trucking industry? TRUCKS.com has an informative article by Holder, S. (2017, Sept. 21). "How Blockchain Technology Could Transform Trucking"notes that this internet spreadsheet tracking system may help transform the trucking industry by generating the process of tracking all transactions throughout the industry. Whether we are tracking parts that we need to service our customers, or one of our customers are tracking their trucks to know when they can expect the delivery to be made, everything will be traceable in seconds of time.

Holder also reveals that IBM is leading blockchain technology tests with Walmart and eight other companies that began in 2017. Two tests utilizing Walmart have already shown success with digital tracking of perishable items. Other companies are becoming engaged to begin testing different parts of the blockchain capabilities. At this point in time, everything is in the testing mode. There is quite a lot more to be tested and reviewed before the blockchain theory will open up new highways of information for the trucking industry, but the idea is definitely promising.

Carolina International Trucks continually challenges ourselves to find the newest transportation solutions. We are excited to keep up with the evolution of the blockchain technology that will not only help us better serve our customers but will also make America's trucking industry an integral part in the "internet of everything." Give us a call or drop by to see how we are here to deliver the best transportation solutions for all your business needs. It is always our pleasure to work with you.

 


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