How Blockchain is Used in Logistics
01.
Billing
Monitor orders, track invoices, and enter payment details seamlessly from start to end.
02.
Tracking
It provides a single, universal system that is a public source of truth to be used as a reference to see a product’s journey throughout its lifespan.
03.
Reporting
Identify blind spots, accelerate decision-making and improve visibility across supply chains with Blockchain.
04.
Compliance
Provide process transparency and control, drive down costs and shipment time, and ensure regulatory compliance.
Stay on Schedule Using Blockchain
Companies from large-scale industries (e.g., automotive, food, pharmaceutical, etc.) significantly benefit from Blockchain. These companies constantly purchase and sell goods to different parties. Companies have a difficult time tracking the movement of products within their respective industry. When each company keeps its record, accurately tracking a product’s journey from beginning to end can be challenging. However, Blockchain technology helps them keep track of their operations.
