The year was 1956. That’s when the last revolution in global freight occurred with American businessman Malcom McLean’s ushering in of the modern container shipping.
Fast forward 60 years later to April 26, 2016, when a new era of shipping was launched. Known as Blockfreight™[BFT:XCP], this Melbourne-based, Australian venture is on an ambitious quest to bring the underlying core technology that undergirds Bitcoin to the container freight industry. It’s a move that in a broader sense reflects blockchain’s unrelenting push for new use cases involving distributed automation, audit, and settlement.
The brainchild of freight logistics industry veterans John McKernan (Chairman), Andrew Ede (Director), and Julian Smith (CEO), the Blockfreight™ innovation is being incubated at Bitcoin Technology Center in Melbourne, Australia.
Smith, the technical co-founder and systems guru was a Web Developer for over 10 years, curating Drupal content management systems before jumping “both feet in” with this new project. Says Smith,
“In short, Blockfreight™ [BFT:XCP] is a blockchain for global freight. Our network allows applications to be built for the supply chain to bring innovation and efficiency to container freight, logistics, and trade.”
He believes that with blockchain’s state-of-the-art applications the time has come for