Applying blockchain technology to trucking may hold promise in the future, but at the present, its application in the industry is somewhere between “hype and reality."
Great Dane is the first trailer maker to become a member of the Blockchain in Transport Alliance, joining a coalition of industry leaders dedicated to developing blockchain standards, education, and solutions for the transportation industry.
Penske Logistics has joined the Blockchain in Transport Alliance, a group dedicated to setting standards for blockchain technology applications developed for transportation.
Blockchain is a combination of technologies that allow transactions between parties via a trusted, shared ledger. It's a complex sounding process but the shared record-keeping technology is showing promise for trucking applications.
The group formerly known as the Blockchain in Trucking Alliance has expanded its mission and been renamed the Blockchain in Transport Alliance, reflecting its widened focus on all forms of transportation.