Insights - March/April 2018 - 26

can tie together disparate information systems through the
use of DLT.
The distributed ledger will be an improvement over current information systems, because all portions of a movement
through the intermodal supply chain will be recorded on a single
blockchain or multiple DLTs that are linked instead of on separate
systems, Kingston said.
"There will be stronger data ties among the members of the
distributed ledger. As a result of this, there will be far greater
efficiency and security across the commercial sector," Kingston
said. "The biggest disruption will come in the back offices.
Documents still flow through email and other old processes,
as opposed to the flows that take place along a smart contract

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designed to solve these problems."
"The industry needs and wants standards," said Kingston,
because of the broad recognition of the cost, efficiency and
security benefits once they are developed.
"Standards are always a challenge," McLeod said, noting that
BiTA has engaged a third-party development group to accelerate
the process and reduce risk. "The BiTA standards will be open
license and targets first results by late May with ongoing
technical working groups continuing on several fronts."
Efforts to create standards, "will allow disparate blockchains
between supply chain partners to interact with one another in
standard data transmission formats," McLeod said. That will
encourage information flow across modes.
Collaboration among various
consortia, such as BiTA and the Wall
Street Blockchain Initiative, will be key to
determining how soon standards will be
practically implemented, said McLeod. "It
will not take years [to develop standards]
if these other consortia successfully
collaborate with BiTA and other
organizations."
"The value will only be realized
through standards-based blockchain
development," he said. "Otherwise we
will be creating another electronic data
interchange type of situation. Blockchains
can still work in a non-standardsbased environment, but the promised
efficiencies will never be realized."
Elenjickal praised blockchain as
"a disruptive force that will benefit all
participants. The reality is that it will
take a few years [for standards] given
the immense fragmentation of the
ecosystem [and] the newness of the
technology."

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expect from DCLI. From procuring a quote on a chassis lease to tracking
equipment and managing your invoices, our new site provides you with the
tools and information you need to keep your cargo moving.
For more information on
how DCLI can enhance your
intermodal operations, visit
go.dcli.com/II030418.

www.dcli.com

26 Intermodal Insights | March/April 2018

Copyright 2018 Direct ChassisLink Inc.

Blockchain Progress
In the intermodal sector, there has
been progress overseas. "Cross-border
boundaries and documentation are easier
there," Leonard said.
One intermodal example he cited was
in China, where sensors were put on wine
labels to ensure that the wine in the bottle
matched the contents described on the
label while it was shipped intermodally by
truck and vessel. Information about the
shipments was accelerated from a 6 to
8-day process to as little as 12 hours.
Government agencies in Dubai and
Israel will require blockchain for freight
documents within a few years.
There are still no U.S. examples of
blockchain in intermodal transport, Leonard said, in part because U.S. Customs,
which would have to be involved, hasn't
yet embraced the concept.


http://go.dcli.com/II030418 http://www.dcli.com

Table of Contents for the Digital Edition of Insights - March/April 2018

IANA News
Washington Begins Work on Infrastructure
Equipment Condition, DVIRs Benefit Terminal Throughput
Effective Steps Can Be Taken When Terminal Capacity Is Tight
Freight Report
Chassis Market Changes Focus on Pools, Efficiency
Blockchain Presented as Option to Aid Intermodal Information Flow
Buying Decisions, Truck and Real Estate Costs Transform Transloads
Gender Diversity Makes Good Business Sense
Government News
International Intermodal News
Intermodal Information Services News
New Members
People News
Intermodal Calendar
Insights - March/April 2018 - Cover1
Insights - March/April 2018 - 2
Insights - March/April 2018 - 3
Insights - March/April 2018 - IANA News
Insights - March/April 2018 - Washington Begins Work on Infrastructure
Insights - March/April 2018 - 6
Insights - March/April 2018 - 7
Insights - March/April 2018 - 8
Insights - March/April 2018 - 9
Insights - March/April 2018 - 10
Insights - March/April 2018 - Equipment Condition, DVIRs Benefit Terminal Throughput
Insights - March/April 2018 - 12
Insights - March/April 2018 - 13
Insights - March/April 2018 - 14
Insights - March/April 2018 - Effective Steps Can Be Taken When Terminal Capacity Is Tight
Insights - March/April 2018 - 16
Insights - March/April 2018 - 17
Insights - March/April 2018 - 18
Insights - March/April 2018 - Freight Report
Insights - March/April 2018 - Chassis Market Changes Focus on Pools, Efficiency
Insights - March/April 2018 - 21
Insights - March/April 2018 - 22
Insights - March/April 2018 - Blockchain Presented as Option to Aid Intermodal Information Flow
Insights - March/April 2018 - 24
Insights - March/April 2018 - 25
Insights - March/April 2018 - 26
Insights - March/April 2018 - Buying Decisions, Truck and Real Estate Costs Transform Transloads
Insights - March/April 2018 - 28
Insights - March/April 2018 - Gender Diversity Makes Good Business Sense
Insights - March/April 2018 - Government News
Insights - March/April 2018 - 31
Insights - March/April 2018 - 32
Insights - March/April 2018 - International Intermodal News
Insights - March/April 2018 - 34
Insights - March/April 2018 - Intermodal Information Services News
Insights - March/April 2018 - New Members
Insights - March/April 2018 - 37
Insights - March/April 2018 - 38
Insights - March/April 2018 - Intermodal Calendar
Insights - March/April 2018 - 40
http://www.nxtbook.com/nxtbooks/iana/ii_20181112
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http://www.nxtbook.com/nxtbooks/iana/ii_201601
http://www.nxtbook.com/nxtbooks/iana/ii_201512
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