The business of freight and logistics is multifaceted. With so many complex processes and functions, it is imperative that one maintains the highest levels of transparency in the supply chain. This is what inspires brand loyalty in consumers and instils accountability throughout the process.
A new technology that allows this possibility to become a reality is Blockchain. In recent times Blockchain has gained immense popularity, it seems like every major company is attempting to integrate this technology to make their offerings superior and more accessible.
The Blockchain is simply a technology that offers a secure way to transfer information between parties. It’s that simple. It does this by creating a permanent, digital ledger of transactions (or a continuously growing list of records) called blocks, which are secure from hacking or revision.
Imagine all information stored in one place that is easy to access. This will not only increase transparency in the supply chain but also decrease unwanted cargo misplacement or, even worse, theft.