BlockChain Technology Brings Transformation Opportunities to the Logistics

[OptimusChain.io]

  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

[mrdeposit]

I hope I found a useful article on Blockchain's relationship with Trucking & Logistics :
https://www.winnesota.com/blockchain

[poochpocket]

Blockchain Technology has influenced its advantages and uses in the vast amount of industries and transportation and logistics come into the face here. The increasing growth of the crypto industry and its uses in different fields have trigged the use of blocking in most of the industry. This future technology can give the best solution to some very major problems in logistics sectors buy improving trustworthiness, usage of less manpower, best implementation through smart contracts and much more. As more and more projects in the commercial and transportation industry come in contact with the new and more advantageous technology the application of this tech in the logistics industry will grow in the coming years. Another advantage blockchain can provide to the transportation world is a more safe and secure way of payments. Which would make most of the economic work in the industry hassle free.

Overall blockchain usage has paved ways to new evolution and upgrades in most of the modern world perishing industries all around the world.

[hugeblack]

Since logistics means managing the flow of goods, energy, information, products and even people from production to consumption, in the case of war and peace, Blockchain will be useful for all industries, with high accuracy, speed, transparency and ease of data acquisition.
Also, files can be checked without having to be trusted by any party.

If there is a company that wants to create an integration between the financial and logistical aspects, I expect great acceptance.

[Kemarit]

It's pretty obvious that logistics / supply chain management can take advantage of Blockchain Technology. Just imagine those industries, playing with a lot data and a simply mistakes or delay will have a big impact on their production. But with Blockchain, the process will be flawless and seamless as data are presented in every flow, can't be altered as it is very accurate and every floor can access it because the data can be access in real time, and productivity is improved, cost can be reduced. The only downside that I can think of for now is maturity, this is a fairly young technology, so there will be a lot of challenges in the beginning.

[KennyR]

Blockchain technology has gained such a big importance just because of its adaptability to each and every infrastructure. Whether it is financial, logistics, management, or anything else. It can be used as a platform providing the efficient output than that of the common system. Logistics being a big sector contributing good to the economy, now the big change is happening through the blockchain technology.