Blockchain and BDP
BDP is actively working alongside start-ups and well-established organizations on new projects that show the promise of adding value to BDP and our customers.
As of April 2018, BDP has partnered with Chain.io to develop a compliance blockchain solution for customers by using Vault, a secure, blockchain-backed digital locker for critical supply-chain compliance records. The simplicity of integrating Vault with BDP’s existing platforms provides customers with the option of having an additional level of compliance with no extra effort on their part.
Additionally, BDP is currently partnering with United States Customs and Border Protection (CBP) as a member of the Emerging Technologies Working Group. Later in 2018, CBP will test the use of blockchain technology to record and track certifications required for import clearance. CBP identified key members of the trade community to refine processes prior to implementation, one of which was BDP Chief Compliance Officer Michael Ford. This provides BDP with the opportunity to provide valuable feedback and facilitate discussions on both the current and future state of operations and how blockchain would alter both.
Know your blockchain terms
“As blockchain technology seeks to establish itself as the new standard, BDP and — most importantly — its customers are poised to reap the future benefits in our quest to deliver best-in-class solutions for the global logistics industry,” said BDP President & COO Mike Andaloro.
BDP’s team of experts continues to monitor the latest developments of blockchain. If you want to learn more, we’d love to hear from you.