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Details
Date: Thursday, January 26, 2023
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- Reminder: Learn more about fellow SIG members and introduce yourself on the SIG Members page. (Alicia Noel)
- New Zoom link for future meetings (Tom Klein)
- Survey results (Erik Valiquette)
- 22 responses
- 2023 Project planning
- What do we want to do?
- Case studies, Governance were the two most popular responses in the survey.
- How can we leverage the technology with smart contracts? AI? IoT? In what ways are we limited by technology currently available? - Sophia Brumann
- Pranubh Dewan has written a book on international trade (150 pages), will share it with the group in case we find it useful.
- "FoB" is actually "Free on Board", not "Freight on Board". We need to make sure that people understand the actual meaning of terms used in trade, so that we are communicating effectively. - Michael Darden
- Incentive model - Michael
- Re: use cases: Shipping by rail is incredibly complex. When are things picked up? How long are they in rail yards? How do rail companies optimize rail value? - Jeff Pribich
- Every car has a 4 digit number/letter identifier. Every few miles the trains pass a reader, allowing shippers to know where their products are.
- Systems are proprietary. Rail companies use them to share data (car location or other) with their customers.
- Rail lines are not shared. They are owned by the rail companies.
- Big temperature swings, causing condensation in the rail cars, especially when they sit in freight yards.
- Smart contracts have endless applications.
- Smart contracts could be used to trigger a rebate - Sophia
- Freight companies are relatively easy to work with, because they are natural monopolies.
- There is a financial penalty that freight companies pay when shipments are late.
- Federal Maritime Commission was recently given congressional authority to create a special case of emergency supply chain case, in June 2022. They now have oversight to request and demand info from other transport modalities, not just maritime. They are a middle line transport - between maritime and trucking. Historically rail lines have not had to be accountable; they've had info in their proprietary systems but didn't share it. A company called Railinc is working on this, just raised $30 million. - Michael
- We can ask about blockchain in the rail industry, find out if there are any existing use cases.
- If we create a digital twin of an asset being shipped, we'd also need to map the rail network. - Sophia
- Jeff used digital twinning of a deep water ocean platform, used mostly for operations.
- We are going to continue the conversation at our next meeting
- Who can help with what?
- Timeline
- What do we want to do?
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Tom Klein
Andrea Frosinini
Tomaz Sedez
Pranubh Dewan
Jeff Pribich
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