How Blockchain is Changing the Logistics Industry
How Blockchain is Changing the Logistics Industry
The logistics industry is complex, with multiple parties handling goods across borders. Blockchain is solving trust and transparency issues.
1. Real-Time Tracking
Blockchain enables all stakeholders to track shipments without relying on third-party confirmations.
2. Fraud Prevention
Immutable transaction records make it harder for dishonest actors to alter delivery information.
3. Smart Contracts
Automatic payment releases when delivery conditions are met improve efficiency.
4. Supply Chain Transparency
Customers can verify the source and journey of goods, improving trust in brands.