Blockchain technology has been effective in many industries. The emerging tech is going to be at the center of the upcoming fourth industrial revolution. Many governments and private establishments are already tapping into the unlimited potential of blockchain technology. Recently, the United States Department of Defense said that blockchain technology can be applied in disaster relief to make things more efficient.
Blockchain And Disaster Relief
Blockchain And Disaster Relief
Earlier this month, the Troop Support division of the United States Defense Logistics Agency held a meeting in the CPI office. During the meeting, they discussed how blockchain technology can be used to improve its efforts in disaster relief in Puerto Rico following Hurricane Maria. Part of the statement by Elijah Londo, management analyst at CPI, was as follows:
“Blockchain technology has enormous potential in disaster relief. Talk about blockchain technology and you will hear experts comparing it to the internet. The same way the internet changed communication, blockchain technology will revolutionize transactions or trust.”
Right now, the DLA uses a centralized system to track and manage logistics making it difficult for the parties involved to synchronize data and make sure they are tracking up-to-date and accurate information. Using blockchain technology, the agency will be able to track data more accurately thus improving the supply chain and visibility of shipments during transit. The deputy director of construction and equipment in DLA, Marko Graham said:
“I believe blockchain technology will be of enormous help in our relief efforts. It can be applied in tracking data and flowing material specifications from manufacturers who are buying raw materials, seeking transportation and getting these products on barges.”
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The CPI is already innovating ways to improve the services it offers in the United States in collaboration with the Maersk, shipping giant and Transportation Command. Keep in mind that Maersk is already in partnership with IBM to develop a supply chain platform with blockchain technology. He continued:
“We are researching blockchain technology. We are trying to be as smart as we can about it. We want to know what it is, how it can influence the industry, what the future holds for blockchain technology, as well as how other industries are applying it. We are doing due diligence.”
There are many potential use cases of blockchain technology and the United States government has assigned agencies to examine and explore these use cases. Earlier in the month, the United States Department of Homeland Security announced that it is looking for a way to enhance its ability to minimize the use of fake documentation using blockchain technology. This year, it offered grants of up to $800,000 to blockchain startups to promote this initiative.
Last year, the innovation arm of the United States Navy revealed that it was making plans to consider if blockchain technology can be applied to manufacturing systems.