Everywhere you look, there are more and more emerging businesses and ideas around the applications for blockchain in the supply chain. It can be difficult to discern which opportnities offer the potential to provide realizeable benefits in the foreseeable future. I’m bullish about blockchain technology but bearish about cryptocurrencies and the following paragraphs will outline my personal opinions regarding the role that blockchain and cryptocurrencies will play in the near term.

We are pleased to announce another significant addition to the NYSHEX community. We are pleased to welcome Hyundai Merchant Marine (HMM) as the newest carrier member on the exchange.  

Since our 2017 launch, we have seen volume growth of close to 600%. That growth is extremely exciting for Team NYSHEX, but more importantly for our members who continue to benefit from digital contracting. But, growth comes with an increasing need to develop and roll out new product features, like our Binding Request tool to enhanced notifications and reporting capabilities.

In any market, the price of a good, service, or security is a function of supply and demand. How this price is determined varies by where the transaction occurs and the relationship between the buyer and seller. For example, you can’t reasonably expect to negotiate with your supermarket over the price of the avocados you need to make guacamole tonight. You can bet, however, that the supermarket negotiated with their suppliers over the price and quantity and delivery date of those avocados.

NYSHEX’s Hybrid of Guaranteed Ocean Shipping and Digital Contracting
Finds Fertile Ground at the Agriculture Transportation Coalition Annual Meeting.

With summer in full swing and a wide scale greening everywhere you look, I’m astounded to see what was just seeds weeks ago becoming massive plants, flowers, and vines. [Note to self: weed the maple seedlings in the yard before they take over.] A few days ago, I had an equally amazing opportunity to see the seeds of NYSHEX that were planted with export shippers a year ago coming into full bloom at the Agriculture Transportation Coalition Annual Meeting (AgTC), a gathering of over 400 agricultural and forest products shippers and logistics professionals.