Logistic/ Supply Chain
Industry
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.
Challenge 1:
No shared data international container transport brings with it a long list of documents.
Required for multiple approval & processes for documents.
Solution 1:
Connect the vast global network of carriers, ports, and customs authorities. Share one database with blockchain.
Time Effective
Internet Security
Internet Security
Time Effective
Challenge 2:
How to ensure product is real, instead of fraud.
Solution 2:
Product certificate display each product as data points and identify them. Use these public
records to determine that the seller is the actual owner.
Internet Security
Challenge 3:
Company unknowingly delivers bad food, takes a long time and leads to enormous costs to recall food.
Solution 3:
Good Tracking on combination with sensors and IoT tools, companies can create
unchangeable data points on the blockchain.
Internet Security
Challenge 4:
Individual servers function as a single point of failure, increasing the risk of data security.
Solution 4:
IoT devices and sensors that are not hackable are necessary. Data can be trusted.