Blockchain or to be formal, Distributed Ledger Technology, (DLT) is not just the IT process enabling Bitcoin. It is real, valuable, and coming to a supply chain near you.
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Supply Chain Managers understandably focus on the physical movement of goods and, increasingly, on the supporting flows of information. Typically, how money moves through the chain is somebody else’s problem. However, this approach is flawed because cash flow issues are the most avoidable cause of supply chain vulnerability and failure.
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Much attention has been paid to the impact of new tariffs and duties on UK-EU freight post Brexit, but these are not the only issues. The European Commission has pointed out that without a deal, a range of UK-issued documents will no longer be recognised in the EU. These include Certificates of Professional Competence for drivers / transport managers, UK driving licenses and UK-issued Community licenses for hauliers.
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TGMatrix seeks to branch out into supply chain financing, using blockchain technology. Although in the preliminary stages, investigation shows promising potential outcomes. To learn more about how you could help us grow, please read our latest blog, visit our Investors page and Follow us on social Media to get the latest updates!Read More
We are pleased to announce that Mr Jonathan Nutchey has been appointed Managing Director of TGMatrix, the fully-automated digital freight matching service for shippers and carriers. Having performed the Managing Director role informally for the past six months, Nutchey will now officially be focusing on driving forward the TGMatrix solution, for which he has been…Read More
Blockchain has the potential to completely transform transport and supply chain practice and financing. The technology is gaining considerable interest due to it offering a secure, immutable and tamper-proof distributed ledger. Once a block of data has been recorded it is there in perpetuity, for all users to refer to. Information can be added but…
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