What is the biggest possibility of logistics + blockchain?

Traditional logistics is a capital-intensive industry with high cost, low profit, and difficult financing. The industry is welcoming the most brutal reshuffle. However, after the birth of blockchain technology, the logistics industry will bring a vast technological and industrial revolution.
Many people in the industry believe that whoever takes the lead in using the blockchain technology in the logistics industry can quickly take the lead and become the leader in the future.

At present, there is a professional blockchain technology team – OPT, which is based on the EOS underlying technology designed for the logistics industry application of the public chain, designed to build a data sharing, full traceability of the logistics ecosystem, to achieve really lower the price benefits of the ecosystem to end customers.


In fact, the logistics industry integrates information flow, transportation, warehousing and so on, spanning multiple steps and hundreds of locations. This makes the event tracking of the entire logistics chain more difficult, increases the difficulty of verifying the transport of goods, and challenges the response speed of unexpected situations.

The blockchain has the potential to solve these problems. In addition to providing a low-cost, high-efficiency operating tool, it eliminates unnecessary intermediaries, reduces workflow, provides traditional blockchain security, reduces errors, and prevents inappropriate illicit goods and other fraudulent activities. happened.

In order to help logistics companies to quickly deploy DAPP for one-click deployment, they quickly entered the blockchain era. OPT provides a one-stop solution for chain or currency change. It has developed a low-cost, fast data access solution and underlying database to provide standard SQA and API interfaces to the application layer. At the same time, the standardized DAPP development engine makes the application modular, open and compatible, and flexible to deploy.

OPT supports one-click rapid deployment of blockchain environment to set up blockchain application across enterprises. At present, the OPT public chain has been confirmed to support the diversification of the scene. For example, help logistics companies to complete the platform easy to chain, industry chain collaboration, real-time matching, product traceability, logistics monitoring and driver scheduling, full tracking, security and privacy, insurance business, supply chain finance.

These scenarios are aimed at the painful needs of the traditional logistics industry. For example, the blockchain has the characteristics of decentralization and data tampering. It can track the cargo owners, drivers, logistics behaviors and key information, and track and account for problems. The small logistics platform can be provided by OPT provided by OPT Ecology. Fill in the role of transportation agents, search and filter long-distance transportation across provinces, inter-city logistics, planning iterations between multiple drivers in the same city, and achieve real-time matching of industry chain collaboration; and use OPT related Dapp to get through all the processes of the logistics chain. And to achieve full tracking…

The head of the OPT team believes that the introduction of blockchain and smart contracts into the logistics industry can provide real-time cargo tracking, reduce workload and increase transparency, which may prompt small and medium-sized logistics companies to achieve cornering overtaking. In the future, OPT will gradually realize the deep landing and application of blockchain technology in the logistics industry, helping more upstream and downstream partners in the supply chain to complete the blockchain deployment and dynamic maintenance of their own nodes.

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  In the past several years, blockchain technology has rapidly achieved global prominence. Deemed an important driver of the fourth industrial revolution. The logistics industry is considered by the insiders to be the field with the highest potential for innovative application of blockchains besides the financial industry.

  The logistics industry has broad prospects. On the scale of the global market, it will reach $12.256 trillion by 2022, but still remains behind in terms of technology and operation. This is due to the decentralized nature of the industry, which has caused the entire logistical process to lack transparency, many important areas of accountability cannot be attributed to any one participant.

  One might say, blockchain provides a logical course for the standardization and digitization of the logistics industry. At present, blockchain teams from logistics giants have tested the logistics public chain, but whether they can match technology to business, or whether it will have value for large-scale commercial application, has become an important criterion for judging the success of a public chain.

  Exploring Eight Application Scenarios

  As the world’s first public chain based on EOS underlying technology and designed specifically for logistics industry applications, the OPT team has delved deeply into the study of application scenarios over many years. In their latest white paper, they published their case studies in this field.

  “Blockchain has a lot of advantages, saves time and costs, reduces risk and fraud. By utilizing blockchain technology, the logistics industry can optimize resource utilization, compress intermediate links, and improve overall industry efficiency. The head of the OPT team introduced the eight application scenarios one by one in the white paper.

Read more here: http://www.newson6.com/story/39598560/logistics-meet-blockchain-eight-applications-for-boosting-industry-development

  In recent years, despite the rapid growth of China’s traditional logistics industry, there are still some problems that have not been solved, such as low efficiency, information leakage, frequent packet loss and the long-term logistics chain, resulting in insufficient utilization of resources. At the same time, the gradual disappearance of the demographic dividend has also made this traditional industry, which is highly dependent on manpower, facing severe challenges.
 
  The logistics industry can be said to be a national economic support industry. From 2009 to 2017, the proportion of China’s total social logistics expenditure in GDP fell from 18.1% to 14.6%, but there is still a big gap compared with 10% in developed countries. Improving logistics efficiency and reducing logistics costs have become the goals that governments, logistics companies and their customers strive to achieve.

In addition, the logistics chain typically spans many steps and hundreds of geographic locations. This will make it increasingly difficult to track events throughout the chain. Due to the lack of transparency, illegal activities along the route have become very difficult.

  “In the face of new markets, new challenges, ‘the world’s largest logistics market’ will rely on the effective application of advanced technologies such as blockchain, big data, artificial intelligence, etc., to greatly empower the logistics industry and provide new logistics scenarios, which is also The general trend of transformation and upgrading of the logistics industry,” said the head of the OPT team.

  When the tuyere is really coming, what should we do?

   Read more here: http://www.news9.com/story/39662129/the-logistics-industry-embraces-new-technologies-an-open-blockchain-journey

  In recent years, the logistics industry has developed rapidly with broad prospects. Data shows that the Compound Annual Growth Rate (CAGR) of logistics market is globally expected to be 3.48% from 2016 to 2022, reaching 12.256 trillion US dollars in 2022. Especially in China, with strong consumption and strong livelihood demand, the logistics industry has a larger market size, which is close to 40% of the global share, ranking first in the world for three consecutive years.
  
  However, under such a high growth rate, under the rise of e-commerce, logistics industry become more and more fragmented. With Fragmentation, low gross profit, package lost/warehouse overload, information leakage, low efficiency, long business chain, and insufficient use of resources, all those are serious problems in logistics industry which Optimus want to solve. By using blockchain technology’s key features; distribution, smart contract, encryption and tamper-proof, Optimus want to solve these problems of the current industry.

  In May of this year, the “2018 China Blockchain (Non-Financial) Application Market Survey Report” jointly published by Price Waterhouse Coopers(PWC) and VeChain mentioned that the logistics industry is considered by the industry to be the most innovative and application value besides the financial industry.

  Block Chain + Logistics = ?

  What does the blockchain mean for the logistics world?
  
  Read more here: http://www.cbs8.com/story/39561205/block-chain-technology-brings-transformation-opportunities-to-the-logistics-industry

What is the hottest concept in 2018? Non-blockchains are none other than. Following the Internet, the blockchain was called the third technological revolution. Humans can use the blockchain to subvert the underlying technology of the traditional Internet, and also establish a new trust mechanism in all walks of life, thus reshaping the ecological environment of traditional enterprises.

Read more here: https://www.1170kfaq.com/story/39693628/new-opt-re-engineers-the-ecology-of-the-whole-logistics-ecosystem