News | June 29, 2018

Advancements Series To Focus On Disruptive Application For Global Supply Chain Ecosystem

Highlighting the latest developments in the logistics and supply chain industry on CNBC.

Jupiter, FL (PRWEB) - Advancements with Ted Danson will focus on how smart contracts are being used to create efficiency throughout the supply chain ecosystem. This episode is scheduled to broadcast 4th QTR, 2018. Check your local listings for more information.

The logistics and supply chain industry has benefitted from embracing innovation and technology throughout its history. Inefficiencies stem from poor coordination, outmoded processes, redundant paperwork, and myriad manual transactions. This segment of Advancements will take a look at how the Fr8 Network is building the rules, standard, and formats for communication in logistics. Ultimately providing greater visibility into shipments, an immutable record of the regulatory requirements, and expedient settlement for all parties.

“At Fr8 Network, problems facing the logistics industry have become requirements for the development of the Fr8 Protocol. The protocol will bring the industry much needed cooperation by providing consensus on the rules, behaviors, and formats of communication in the ecosystem, said Sloane Brakeville, Co-Founder and CEO, Fr8 Network”

With the foundations established in the Fr8 Protocol, applications can be built that conform the agreed global standards. These applications, deployed on the blockchain-backed infrastructure of the protocol, will connect carriers, suppliers, brokers, and the rest of the logistics industry around a shared resource.

“The Fr8 Protocol addresses the current challenges in the global supply chain ecosystem,” said Michael Devine, senior producer and content development lead for the Advancements series. “We are thrilled to share this technology with our viewers.”

About Fr8 Network:
Fr8 Network is a single source of truth for blockchain enabled logistics. We’re building the efficiency layer and developing the standards protocol behind it to solve today's challenges and power the future of supply chain. Consisting by experts in shipping, blockchain, and engineering, the team at Fr8 Network is laying the groundwork for improvements in efficiency, transparency, and reconciliation in logistics. For more information, visit: http://www.fr8.network.

About Advancements and DMG Productions:
The Advancements series is an information-based educational show, targeting recent advances across a number of industries and economies. Featuring state-of-the-art solutions and important issues facing today’s consumers and business professionals, Advancements focuses on cutting-edge developments, and brings this information to the public with the vision to enlighten about how technology and innovation continue to transform our world.

Backed by experts in various fields, and a team dedicated to education and advancement, DMG Productions consistently produces commercial-free, educational programming on which both viewers and networks depend. For more info, please visit: AdvancementsTV.com.

SOURCE: PRWeb

View original release here: https://www.prweb.com/releases/2018/06/prweb15595471.htm