The Defense Logistics Agency Troop Support analyzed the utility of blockchain in a two-day presentation hosted by The Defense Logistics Agency Troop Support from Dec. 3-4 in Philadelphia.
“We think there’s a lot of potential [in blockchain].. Where do we want to be as an organization in shaping and influencing where the [Department of Defense] goes with blockchain?” said CPI management analyst Elijah Londo on the subject.
Hurricane Maria’s response was used as a case study for the presentation discussion.
The group was convinced that blockchain could improve transparency and auditability of agency transactions especially in logistics as any changes in the block could be immediately viewed by all access holders to the block. This continuous update of stream across all blocks could also improve visibility in processes because for now, the distribution of load across different agencies makes it difficult to view different operations.
One of the participants drew out the benefits of blockchain for transaction processing and in-transit visibility of shipments to evaluate the process improvements.
“This is where I can see where blockchain would have been a big help. Flowing [material specifications and tracking data] from the manufacturer buying the raw materials to…getting the transportation and getting it on the barges.”
Londo also praised the trust factor that blockchain automatically adds to transactions.
“The potential is absolutely enormous. Talk about blockchain, you’ll hear experts comparing it to transforming trust or transactions in the same way the internet changed communication. Other agencies and countries are also looking into this technology.”
In conclusion, the participants agreed on the benefits of blockchain in supply chain and relief services as well as the successes it has seen in various pilot projects developed across the country.
One more for blockchain!