eft is now Reuters Events - LEARN MORE
What Is Blockchain And How Is It Going To Benefit The Logistics Industry
The Port of Rotterdam tests blockchain logistics which can kickstart a revolution in the level of transparency within the industry.
- TRANSPARENCY FOR CUSTOMERS. For most people, little is known about the products they use. As LetsTalkPayment.com phrases it, “an almost incomprehensible network of retailers, distributors, transporters, storage facilities and suppliers stand between us and the products we use.”
- TRANSPARENCY FOR AUDITORS. Because the history of transactions is locked into each block, auditors will have an easier time understanding where items and resources have gone. This, as Adam Robinson of Cersasis puts it, “help[s] supply chain leadership, such as C-level executives understand how to make the supply chain more efficient and productive.”
- GREATER SECURITY. The technology will enable supply chain companies to identify attempted fraud more easily.