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Blockchain in the field of Logistics

    • sanjay 기자
    • |
    • 입력 2019-02-20 17:44
    • |
    • 수정 2019-02-21 23:29

The supply chain has become one of the most technologically advanced areas with emerging needs of its application with blockchain. To eradicate thepractical problems of the logistics industry such as distribution network optimization, logistics tracking, logistics credit inquiry, and logistics finance, Blockchain can increase efficiency of the application field and can generate synergy and make the operation procedure smart.

If distribution chain optimization is taken into account, it is possible to sign paperless digital signature through block chain. In this case, settlement procedure would be automatic the entire process including production, processing, transportation and sales can be operated transparently and tracked as well. Consequently, the tasks of cargo transportation, tracking of goods and issues of transportation of hazardous materials between countries can be resolved. Moreover, logistics credit inquiry can share and verify reliable transaction data such as service reputation, compliance with shipment, and bill of lading.

It should be noted that blockchain facilitates the flow of industry, logistics, information, and money, and can contribute to innovations in the fields of Internet, big data, and artificial intelligence for the development of smart logistics. Although the use of this technology is in initial stage, but the process of industrial development using block chains is becoming a trend.

sanjay 기자 | [email protected]

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