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Blockchain zoo spawns CryptoKitties and Fishcoins

By Ben Ames | March 23, 2018 | 3:15 PM

A basic definition of blockchain isn’t that tough to grasp—it’s like a shared spreadsheet (a “distributed ledger”) that can’t be changed by any individual member without the approval of their trading partners. That distributed design model generates a high level of data security, which means the technology could be a helpful tool for supply chain tasks like tracking goods or making payments.

For example, FedEx has launched a pilot project that uses blockchain to improve supply chain visibility by supporting digital data exchange among shippers, carriers, and retailers, company executive Sean Healy, senior vice president of transportation, international, planning, and strategy, said in a published report.

That high security also lets some groups make their own web-based money, using blockchain as the technological foundation for virtual currencies like Bitcoin and Ethereum. But blockchain quickly gets weird when you look at some of the more creative ways it gets applied. Try to follow me here:

But wait, what does all of this have to do with material handling or international shipping? That remains to be seen, but blockchain is enabling new ways of handling the basic activities that fuel logistics business transactions. In the words of CryptoKitties, “The future is meow.”

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