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IBM delivers basics of blockchain for logistics

William Green from IBM Packaging Technology told the ISTA crowd that blockchain technology is perfectly suited for tracking shipments, tracing ownership, and reporting transactions.

IBM delivers basics of blockchain for logistics
IBM delivers basics of blockchain for logistics

The International Safe Transit Association met in Denver last week for TransPack and TempPack, co-located conferences addressing issues facing today’s packaging and logistics professionals in both consumer packaged goods and cold-chain pharmaceuticals.

Green opened the conference explaining how supply chain woes have led IBM to use the cloud to track not only the location of mainframe computer shipments, but the health of those shipments as well. (See article here.)

He then went on to offer a basic primer on blockchain technology for logistics. Blockchain for business, said Green, reinforces organizational trust with algorithmic trust. It’s distributed, permissioned and secure, said Green.

Blockchain is a shared form of record keeping where no one person holds ownership of the information. No one person can add or alter the information in any way without creating a permanent record of the transaction.

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