technologies and standards. While EDI solutions are stable
and process 20-30bn transactions a year, they are expensive
and fragmented ecosystems. The airfreight sector is ripe for an
upgrade as it’s global, interconnected and relies on speed, safety
and user experience.”
Fabre goes on to explain that EDI standards are basically
One-to-One text messaging created before the rise of Internet.
But these standards are limited, in that they cannot exchange
unstructured documents such as pdfs and pictures, for example.
He highlights five pain points when it comes the question
of B2B ecosystems. First is the partial visibility on records and
business events that is available, while record desynchronisation
is another shortcoming. Then there are the errors and delays
that naturally arise from manual inputs. Siloed orchestration
is something that is difficult to erase whilst B2B ecosystems are
effectively closed to digital 2.0 remedies.
He continues: “Enterprise blockchains, especially those with
smart contracts (in other words, multi-enterprise processes),
Vendors tried to promote
the term Distributed Ledger
Technologies to try to change
the game but crypto players
put out so much propaganda
that the term now sticks. I
think today most people in the
enterprise world understand
the difference but individuals
How and why, then, can
blockchain assist the freight
industries such as finance,
supply chain or healthcare
are powered today by EDI
(electronic data interchange)
FROM VANCOUVER TO PARIS
IN TIME FOR DESSERT.
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