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CEO Tradeshift: Blockchain technology has "low performance" for use in supply chains

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Tradeshift's CEO Christian Lang countered the "hype" about the role of Blockchain technology in supply chains. According to him, the technology is "still not ready" for such an introduction.

In an interview at the World Economic Forum in China, Lang suggested that Blockchain might be used in areas such as identification and certification, but he argued why its use in the supply chain would be too difficult for technology in its current state.

"If you want to have authentication, or know where and when an event occurs, then blockchain is an excellent technology for controlling the flow of data," he said, adding:

"The problem is that this is not a high-performance technology."

"I do not think this is mature enough technology."

Lang also pointed out the difficulty and complexity of deploying blockchain solutions "on a large scale."

Nevertheless, the innovation has already shown some success, as the joint product of the supply chain from IBM and Maersk was highly appreciated by CEVA's logistics partner as a "big step forward" in August.

Most recently , the UK's leading port operator, Associated British Ports (ABP), has signed an agreement with the digital logistics division Marine Transport International to develop a port logistics platform.

Author: Olga Novikova, analyst of Freedman Club Crypto News
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