Logistic/ Supply Chain
Blockchain technology has overwhelming opportunity. It provides an opportunity to strengthen processes while lowering costs. Therefore blockchain, especially for logistics and supply chain management, is a game-changing technology.
No shared data international container transport brings with it a long list of documents.
Required for multiple approval & processes for documents.
Connect the vast global network of carriers, ports, and customs authorities. Share one database with blockchain.
How to ensure product is real, instead of fraud.
Product certificate display each product as data points and identify them. Use these public
records to determine that the seller is the actual owner.
Company unknowingly delivers bad food, takes a long time and leads to enormous costs to recall food.
Good Tracking on combination with sensors and IoT tools, companies can create
unchangeable data points on the blockchain.
Individual servers function as a single point of failure, increasing the risk of data security.
IoT devices and sensors that are not hackable are necessary. Data can be trusted.