Applications of Blockchain in the Logistics Industry (What can Blockchain do in logistics)
Recently, the logistics industry has made new developments in exploring the app
Recently, the logistics industry has made new developments in exploring the application of blockchain technology. According to the “2018 Supply Chain Security White Paper,” blockchain technology can provide a way to transfer trust within the entire network, helping enterprises track their own bills of lading and information flow, thereby reducing intermediate links and improving business processing efficiency. It can also achieve traceability in various stages from procurement to sales, reducing costs. So what are the applications of blockchain in the logistics industry?
What can Blockchain do in logistics
According to news in the logistics industry, what applications can blockchain technology have in the field of logistics? First is data management. After real-time tracking, analysis, and statistics of various stages of the supply chain, it is found that most of the data is provided by third parties. To some extent, this process is like a system running on a node in a chain, where all relevant information will be recorded in a distributed network, and each participating party can see the status of this transaction and be responsible for it.
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