Blockchain in Shipping and Logistics
Shipping and logistics management face huge challenges to develop solutions for all shipping needs, varying from fossil fuel to labor. Also, shipping and logistics management include finding solutions for the environmental impact of increased consumption of fossil fuels that is big negative. It also has concerns with security and safety of the transported items. Shipping and logistics also management extends to the coordinating of fleet of vehicles used in shipping process. By using GPS vehicle tracking systems it becomes easy to increase the productivity of the fleets and decrease fuel consumption.
Blockchain in shipping and logistics- What’s new?
Blockchain being an immutable, secure and transparent shared ledger and network provides all parties involved end-to-end visibility based on their level of permissions. Each party in a supply chain ecosystem can view and be aware of the progress of goods through supply chain like understanding where a container is in transit. They can also view bills, see the status of customs documents, bills of lading and other such data. Detailed visibility of the container’s progress through the supply chain is enhanced with the real time exchange of original supply chain events and documents No one party can delete, modify or even append any record without the consensus from others on the network.
What we offer:
- Provides selective transparency among the parties involved
- Reduce errors and frauds
- Digitalization of authorization and other documents
- Reduce the product’s transit time and shipping process
- Improve the inventory management
- Allow for transit tracking
- Reduce wastage and costs
- View required documentations on a public ledger
- Status of clearance details
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