Transforming an Industry: Using Blockchain in Logistics

Blockchain in logistics: a Match Made in Heaven

TL;DR

The logistics industry involves a very complex operation that needs to manage multiple people and entities. Blockchain is an immutable and decentralized record of data that offers traceability and automatization of transactions. Specifically, blockchain can leverage logistics and supply chain by:

  1. Increasing transparency and traceability: Involving a large number of stakeholders with unstandardized procedures and low levels of transparency can lead to a lack of trust and friction among parties. Blockchain allows users to grant authorizations to have complete visibility across the process, facilitating traceability of goods (from the factory to its destination).
  2. Leaner and more optimized logistics process: When the process relies on multiple stakeholders, technology adoption will most likely be disparate. Blockchain can provide an unfragmented and streamlined platform that replaces pen and paper and increase lean communication and processing of packages.
  3. Improved efficiency and cost savings: By deploying smart contracts, blockchain can help cut costs by automating processes related to paper filing and interacting with middlemen.

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EOS Block Producer candidate in the heart of the Americas. We stand for liberty and equality. Mainnet BP: costaricaeos · https://t.me/eoscr

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EOS Costa Rica

EOS Block Producer candidate in the heart of the Americas. We stand for liberty and equality. Mainnet BP: costaricaeos · https://t.me/eoscr