It was only a matter of time until blockchain hit the logistics mainstream. The technology’s ability to record transactions between parties permanently and securely has a multitude of uses in the logistics industry. However, the logistics players are just at the beginning of their path to find the clear benefits of blockchain.
Some of the world’s largest companies including Maersk, Microsoft, Alibaba, and Amazon now invest heavily into the technology. That’s a lot of money getting in on the blockchain action, and why would it be different? The World Economic Forum estimates the integration of blockchain will reduce the supply chain barriers to global trade. Just this aspect is providing businesses with the potential 15% increase ins sales and 5% increase in the GDP.