Blockchain solutions to the logistics industry's complications!
Trust me or not, the supply chain and logistics industries are one of the most complicated industries in the whole universe. This is no exaggeration. If you have ever worked or looked into the tracking process before, you will know what I mean. Most importantly, the stages can span beyond hundreds when the products have complicated cycles. So tracking every stage and keeping every concerned person informed is practically a tedious job.
There is complexity in maintaining transparency and on-time delivery of data through multiple nodes and of innumerable processes. This has made us look forward to blockchain in providing a worthy solution. Blockchain has never disappointed us. Blockchain platform for supply chain is the best idea today.
This blog will shed light on how blockchain is anticipated to transform the supply chain in the forthcoming years. Not just that, I assure you much useful and enlighten information throughout.
Let’s now dive into what the shortcomings of the supply and logistics industry are and how blockchain is meant to disrupt the whole thing.
The fault in our supply chain & logistics industry
It takes only a small miscommunication for the entire chain to crumble down to almost nothing. This is a very big risk that the supply chain and logistics industries are facing. The primary reason is the complexity involved in tracking the data that might extend to hundreds.
Also, the transparency of the process becomes a huge question mark when the jobs are not handed over to the right people. In this case, there are many chances of the data being misinterpreted and the whole method going wrong. How is it possible to know that the delivered products are genuine or have not been forged? This is again a doubtful thing right? Where do we go for the apt solution? Eventually blockchain!
Blockchain has the potential to simplify complicated matters in no time, making the whole procedure easy.
How can blockchain help supply chain and logistics industries?
The unique nature of blockchain is that any data once written cannot be manipulated or deleted. Hence all the data entered are safe and stored in the form of blocks. Another added advantage is that it can be used to create contracts, analyze data, pay money, and much more. Since it is decentralized and is under no single authority, chances of manipulation are less, and even if done, the culprit can be caught easily.
Are you looking for a solution?
If you are looking for a company that can help you simplify your supply chain and logistics processes, you are in the right place. Our Blockchain Firm team of experts has successfully integrated blockchain in various fields for different challenges. Get in touch with us now.