Over the next five years every aspect of the supply chain will have some technology that drives it, says Clifford Blackburn, CEO of independent 4PL, TSI Central Station.
“And we already offer the solution to manage blockchain and other potential disruptors from a logistics point of view, integrating and linking all the parties onto one platform,” he adds “We hope that the future of logistics will become what we dreamed it would be back in the day – cost-effective and efficient beyond expectation.”
Twelve years ago TSI developed a system – referred to now as the “control tower” by the industry – which connected players in the supply chain, says Blackburn.
“We developed it without being driven to by a client or the market but rather because we believed that to operate better we needed to ensure that we connected to every aspect of the supply chain. This gave our clients the competitive advantage of having real-time information – and this enabled TSI to save on costs to clients.
“The system would, through an alert process, advise of possible charges if clients did not take action,” he says. “And that insight and knowledge through technology gave clients the power to manage their business better.”
Blockchain technology ties every aspect and process of the supply chain together. “While blockchain may audit and confirm a transaction, our system ensures the transaction is carried through and alerts the customer if there is a problem.”
And while adoption of blockchain is inevitable because of the benefits, it is still misunderstood in the industry, in his view. “Until everyone can fully understand and mostly trust it, it will take a while for before it is fully adopted.”
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While blockchain may audit and confirm a transaction, our system ensures the transaction is carried through. – Clifford Blackburn
