Blockchain, a technology underlying Bitcoin, has been heralded as a disruptive technology with widespread applications in sectors such as finance, insurance, logistics, supply chain, and mobility. Big name financial firms, banks, insurance companies, federal agencies, foreign governments, auto manufacturers, and startups are exploring blockchainâs potentials in their respective domains.
One of the sectors that has widespread use of blockchain is logistics and supply chain. IBM, Maersk, and Walmart, among others are working on blockchain based solutions to solve multiple challenges in supply chain.
That is why, yesterday, the German American Chamber of Commerce of the Southern U.S., Inc. (GACC South) and the German Logistics Association âBVLâ held its first joint Logistics Roundtable, with Blockchain technology as the topic for discussion.
“We provided this roundtable discussion because itâs important that we offer opportunities for our members to learn about, and discuss, relevant topics related to the transportation and logistics industries”, said Maret Petersson, Membership Manager for the German American Chamber of Commerce of the Southern U.S., Inc.
The roundtable discussion included Rajat Rajbhandari, PhD, Texas A&M Transportation Institute and Dustin Hebrank, Chief Financial Officer, Gulf Winds International.
“It was an honor to sponsor this event, said Dustin Hebrank. At Gulf Winds, we provide our customers with a complete container management system called gwiTrackÂ® that tracks shipments from origin to destination, and provides detailed monitoring, tracking and management tools. However, we see Blockchain technology as the next evolution to offering our customers the best, proactive, and efficient services possible and look forward to partnering with them on future initiatives.”
When asked about the value provided from this event, Michael Skadden, international law attorney, responded, “This was a very valuable event. I learned more about the application of blockchain technology in the supply chain, and am glad I attended.”