Weidong "Larry" Shi, Ph.D., associate professor at the University of Houston, spoke during the Borders, Trade, and Immigration Institute Brown Bag at the University of Houston on February 27, 2019.
Blockchain rose to prominence as the technology that backed Bitcoin, the first cryptocurrency developed in 2008. Today blockchain technology has a life of its own, either already having been implemented or being implemented across multiple industries including banking.
Of primary interest to the Department of Homeland Security Customs and Border Protection is the use of the blockchain to secure and facilitate legitimate trade and travel.
"Current container logistics processes are still very labor-intensive and lacking an integrated information flow," said Shi. "Blockchain can streamline this process."
"The problem of this is multiple versions of reality," said Shi. "How do you know the information you receive as part of this whole chain of operations...is the same or consistent information with other copies of the same data within the ecosystem?"
View the recordings below (two parts):