Post
Topic
Board Announcements (Altcoins)
Blockchain in logistics — what for?
by
coinspeed
on 07/09/2017, 19:35:01 UTC


Logistics is not just the goods delivery from point A to point B. This term is much broader. Logistics involves the choice of the most comfortable delivery goods option in a requisite number, in a proper time, to the certain place with minimal fees. All these conditions are implemented on the basis of a complex process of the cross-cutting organizational analytical optimization.

Logistics specialists have to know the basics of the customs registration and to be able to analyze the current situation rapidly. They should also be good at dealing with the details of specific goods transportation and deal with payments. They will also sign a lot of partnership agreements and establish communications with the work team, authorities, and clients in the workplace.

Modern supply chains may involve many different stages as they cover the dozens and hundreds of geographic locations. It’s not usually possible to monitor every stage of the transportation process and take measures in time under the circumstances. The speed and quality of the transportation are sometimes influenced by unforeseen circumstances. Failures are fraught with additional transportation fees. It may make the business model and logistics industry unprofitable. All the problems mentioned above make the logistics industry development slow.

The progress is moving on, anyway. The Cargo.tech team knows that and creates the new logistics platform based on blockchain. It’s the newest technology of effective and reliable way to exchange information. It has a powerful potential to meet the challenges in the world of modern logistics. Why?

First of all: blockchain in logistics is just like an e-journal. The data put in the chain can’t be changed as every single block of information is linked with the previous one via specially generated code called “hash”. This facility allows clients and auditors to monitor the freight at every stage of its transportation before the arrival to the destination point.
Secondly, the blockchain system analyzes the industry data automatically. According to the obtained information, it’s getting easier to provide the docs and make a truck movement schedule. The technology excludes unwanted mediators, keep the cargo safe from the frauds and reduces the cost of transportation.

The Cargo.tech  is absolutely sure that the blockchain is going to become the standard in logistics in the nearest future. In his opinion, it will replace all the transportation models existing today.