Block Array announces FreightTrust, blockchain-based supply chain technology

By James Henderson
Block Array has developed a new blockchain-based shipping document application, FreightTrust, and a new hazardous material joint venture to enable drop...

Block Array has developed a new blockchain-based shipping document application, FreightTrust, and a new hazardous material joint venture to enable drop-shipping of hazardous materials.

FreightTrust is a blockchain-based application designed to eliminate the need for having a physical shipping documents, such as bills of lading.

Using an ethereum-based blockchain called POA, FreightTrust has successfully been used in production environments for over a month with several businesses and is beginning to expand to open access for any business wishing to use it.

Sam Bacha, founder and CEO of Block Array, said: “We envision the target end-user for FreightTrust being companies shipping hazardous materials, industrial goods, and other durable goods with long life cycles.

SEE ALSO:

“These items have the need for keeping records for years, which makes a great use-case for blockchain, as opposed to something like food.

“In fact their first customer is a hazardous materials company that ships solid explosives. In the face of increasing regulations, FreightTrust is designed to help eliminate the overhead of additional regulations.

Block Array is also expanding its use case with a new joint venture to help establish a “hazardous material drop-shipping facility” with Cleveland, TN based Vairog LLC. The joint-venture is intended to provide similar capabilities found with other services, such as Amazon’s Marketplace.

Share

Featured Articles

Foldable shipping containers an answer to port congestion?

Staxxon designs foldable intermodal shipping containers, a solution designed to tackle 'empty running', whereby empty containers clog ports and hurt supply

Timeline: how ESG became a supply chain strategic priority

A timeline of how Environmental, Social & Governance went from being 'nice to have' to mission critical, with ESG now a strategic priority for many

Supply chains 'playing catch up on visibility technology'

A Deloitte report shows there's a long way to go on supply chain visibility, but digital transformation is crucial if firms are to thrive, says FourKites

Reshoring on rise as supply chain pressures ramp up

Supply Chain Risk Management

Climate change an ill wind for supply chain risk management

Sustainability

Supply chain, procurement logistics & tech news roundup

Digital Supply Chain