- CISA has called on logistics companies to use blockchain technology during the next major international crisis
- The cybersecurity agency says that blockchain technology could be used to prepare alternative logistics operations and assist in swift recovery
- The coronavirus pandemic has highlighted the inefficiencies in the global logistics and shipping world
The United States Cybersecurity and Infrastructure Security Agency (CISA) has called for the use of blockchain technology to help with supply chain planning and recovery in future international crises. In its report, Building A More Resilient ICT Supply Chain: Lessons Learned During The Covid-19 Pandemic, CISA says that blockchain technology can be used to map out alternative methods of maintaining logistics networks and also assist with speedier recovery once systems go down.
Coronavirus Highlights Crypto Potential
The coronavirus pandemic has brought cryptocurrency into the spotlight much more than anyone could have foreseen, from the rise in CBDC development around the world to recognition of Bitcoin as a store of value.
Now it’s the turn of blockchain to get some headlines on the back of the pandemic, with CISA specifically mentioning the technology in its report into how logistics businesses can protect against another international incident like the coronavirus pandemic:
To reduce the impacts of transportation and logistics issues, ICT companies can engage in scenario planning for different types of events and map out the alternatives that can allow for the supply chain to be restored as efficiently as possible. To further assist in these efforts, companies can utilize technology platforms that provide real-time, blockchain visibility into available logistics capacity.
CISA Says Blockchain is Ready to Step Up
The logistics and supply chain sector industries has long been considered one of the biggest potential beneficiaries of blockchain technology, and CISA seems to be of the belief that the technology is ready to step up to the plate and not just help streamline bloated logistics services in general but specifically in times of crisis.