Blockchain’s use as a verb
Finally, although the original quote was first made at another conference, one panelists, Brian Glick, CEO of Chain.io (speaking at right), during a session on new technologies, relayed one of the more intelligent quotes we’ve heard about our ambitions for the buzzword of the moment – “blockchain.”
Glick cautioned that, before the air cargo industry can wrap its arms about what blockchain can do for the security and traceability of the supply chain, the rest of the world most likely will already have imposed its own standards of blockchain use, based on individual commodities. Glick paraphrased an audience comment he had heard earlier this year at an LTL trucking conference, saying, in effect, “We will not blockchain, we will be blockchained by our customers.”
Citing a fellow panelist’s description of a system that tracked Canada’s newly legal marijuana shipments, Glick said it was a good example illustrating how “individual industries are going to be developing blockchain solutions for all sorts of compliance for visibility or financial reasons. As an industry, we’re going to have to be much, much more agile in being able to participate in lots and lots of blockchains, not just one.”