Blockchain in Supply Chain and Transportation: Benefits, Use Cases, Limitations, and Opportunities

Blockchain logistics: discussing opportunities and benefits

  • enhanced traceability and security. No records can be lost, destroyed or replaced. On top of that, a blockchain-based system eliminates the risk of documents or goods being stolen through fake identifiers;
  • safer and more transparent transactions, leading to increasing trust among all parties involved; and
  • less manual work and no delays in paperwork. Thanks to smart contracts (self-executing contracts with the terms of deals written directly into a program’s code), all the agreement conditions can be fulfilled by machine, without any human intervention.

Container shipping: Maersk and Port of Rotterdam bring transparency into global trade

TradeLens platform architecture. Source: TradeLens

Freight invoicing: DHL Global Forwarding focuses on one-off orders

Food supply chains: Nestlé, Unilever, and Walmart ensure the safety of their products

The model of a food supply chain based on the blockchain network. Source: Food Logistics

Letter of Credit: Voltron accelerates transactions

Documentary credit issuance flow. Source: Paiemontor

Proof of delivery: carriers and shippers are welcome to benefit from Ethereum smart contracts

Key issues of supply chain blockchain adoptions

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