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How Blockchain is Transforming the Supply Chain and Logistics Industry

Blockchain can potentially help increase the efficiency and transparency of the supply chain process and positively impact everything from warehousing to delivery to payment. Furthermore, with an essentially built-in, chain of command, Blockchain facilitates bringing in the necessary reliability and integrity in supply chain management.

Samir Lambay
Samir Lambay, Co-Founder & CEO, FreightCrate Technologies

While Blockchain is mostly associated with its debut role in the creation of cryptocurrency, the technology is a major disruptor, impacting several industries. With widespread applications in sectors involving agreements/contracts, tracking, and payment, the logistics industry has begun exploring Blockchain technology to access its innovative and secure system.

Managing supply chains today include complex co-ordination to transport and distribute goods. Modern logistics networks cater to the expanding global markets, resulting in supply chains that span over hundreds of stages over months, multiple geographical (international) locations, tonnes of shipping and customs paperwork and multi-level payments involving numerous stakeholders and entities involved.

Blockchain can potentially help increase the efficiency and transparency of the supply chain process and positively impact everything from warehousing to delivery to payment. Furthermore, with an essentially built-in, chain of command, Blockchain facilitates bringing in the necessary reliability and integrity in supply chain management.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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