Since the previous SOTU, the blockchain, logistics, and Fr8 Network community has seen some significant change.
The blockchain space has showed its resilience again as 2019 saw a crypto market “bounce back” marked by a growth from $125bn to over $380bn! Bitcoin remains dominant as we see growth in custodial services and institutional investors experimenting with BTC.
The logistics ecosystem has been a mixed bag. In the US some major carriers have shut down, like Schnieders Final Mile services while others have posted record sales and earnings. Trade being the major driver of the logistics industry, we have our fingers crossed that the UK can navigate Brexit effectively and that US and China trade tensions are alleviated asap.