December 28, 2018 | AtoZ Markets – The U.S. Department of Defense has expressed its opinion about the blockchain technology, saying that the latter has “enormous” possibility in helping improve efforts made in disaster relief scenarios.
In the meeting the Troop Support division of the Defense Logistics Agency held recently in Philadelphia to approach how blockchain could have helped with the efforts it made before to assist in Puerto Rico, upon after the Hurricane Maria in 2017, the talk touched the topic of blockchain and the potential opportunities it might have, for easing some of the milestones the department has in its work line.
CPI management analyst Elijah Londo pointed out in the meeting to the importance the technology holds, likening it to the internet when it first started.
“The potential is absolutely enormous… Talk about blockchain, and you’ll hear experts comparing it to transforming trust or transactions in the same way the internet changed communication.”, said Londo.
The department advises that blockchain can ease the work system
As the DLA tracks logistics processes through centrally managed systems currently, amid difficulties for involved parties to synchronize data and ensure they all are tracking correct and up-to-date information, the blockchain technology enables the agency to track data and improve supply chain transaction processes and “in-transit visibility of shipments”, as the agency’s report said.
In his turn, Marko Graham, the deputy director of the DLA’s Construction and Equipment unit supported the blockchain technology in saying that it can have a significant importance in easing tracking data the beginning of the buying process of raw materials till finalizing the transaction.
“This is where I can see where blockchain would have been a big help in the relief efforts. Flowing material specifications and tracking data from the manufacturer buying the raw materials to … getting the transportation and getting it on the barges,” said Graham.
Discussing the idea comes in pursues of improving the services between the CPI and the U.S. Transportation Command and shipping giant Maersk, which was reported recently to have teamed up with IBM to build a supply chain platform using the blockchain technology.
“We’re researching the technology. We’re getting as smart as we can about what it is, what industry is saying about it, what the future might look like, how it applies to supply chains and how other industries are using it. We’re doing our due diligence.”, continued Londo during the meeting.
Exploring the potential benefits of using the blockchain technology by the CPI comes amid a general recent tendency in the U.S.A toward getting the technology in question in line within the official regulatory framework, where the U.S congress had already witnessed discussions for re-defining the blockchain technology in the U.S law labels, upon two congressmen presented The Blockchain Promotion Act of 2018 last October, as AtoZ Markets reported.
It is worth mentioning in this context as well that the U.S. Navy’s innovation arm revealed the last year its plans to examine whether the blockchain technology can bring extra security to its manufacturing systems or not.