Today all economic sectors without exception have been influenced by the development of technologies that have allowed progress towards solutions that facilitate process management;
and the logistics services sector keep on this reality and has also benefited from the joint work
of science and industry.
The logistics sector has to harness the potential of Blockchain technology to transform the way any business transaction isconducted, with highly consolidated projects in segments such as finance, transportation or procedures with the Public Administration. Incorporating this technology into the sector opens up interesting commercial possibilities for companies for the coming years, in a context in which the impact of the Internet and electronic transactions have already been a real revolution over the last few years.
Total logistics solutions have countless complications that can arise throughout the supply chain, eliminating one of the milestones that makes each process the most difficult: paper. In this way, processes will be optimized allowing greater accessibility to information and documentation, as well as developing automations between companies that do not exist today and that continue to suppose long bureaucracy procedures.
The blockchain and its impact on the entire value chain of the logistics sector.
Blockchain is not controlled by any authority and your query is anonymous, so privacy is maintained.
It allows you to identify participants by means of keys and thus respond to the demands of business environments where privacy and performance are important aspects.
It is the right technology for tracking high-value luxury goods, in which buyers require origin information and ownership history, as current paper-based processes are not able to demonstrate the authenticity of the products.
Automation of merchandise transactions, orders or payments, cold chain control or environmental regulations are just a few examples of the use of this technology applied to the all logistics services.
Improves the traceability and transparency of food products are other areas where Blockchain is generating great interest, with pilot projects already carried out in the field of supply of meat products, fish or wines. This line, due to the growing demand for transparency from consumers, and the need for safety and control from a public health point of view, has considerable growth potential and Blockchain positions itself as an ideal approach to providing value.
It allows digital tracking of products at every stage of the value chain, from suppliers to consumers. Digital product information, such as place of origin, batch number, expiration date, or storage temperature, is recorded immutably in the blockchain. Other important benefits will also be achieved, such as saving time and money, reducing business risk, increasing trust between suppliers and consumers, and achieving end-to-end traceability of the value chain.
Advantages of blockchain in the logistics chain.
Trasparence : Thanks to the registration and collection of information throughout the supply chain. Customers, but also other agents such as auditors, will have at their disposal the complete history of all product movements.
Security: The encryption system that prevents the manipulation of all registered information, as well as possible fraud, provides greater security.
Better communication: This technology allows customers to respond about the products received, connecting the information of both the supplier and the manufacturer with the end user.
Loyalty: Knowing, through Blockchain technology, the origin of the purchased product and its journey into the hands of the customer, will bring added value to consumers that makes them feel more secure with the company.
Improved Scalability : This system allows you to increase both the number of traceable processes and the number of agents with access to such information, as well as identify trends and help the company grow its business to respond to the market.
At the moment, Blockchain technology has begun to be presented in the logistics sector through four categories: international trade, ground freight transport, product traceability and last mile distribution.
In the automotive sector, involving numerous processes and actors, there are initiatives on Blockchain in areas such as autonomous vehicles, electric cars, logistics and supply chain. Manufacturers such as Renault, Toyota or Mercedes are investing in projects that seek to keep a reliable and shared record of all events that occur in the life cycle of a vehicle, from its production to its history of revisions, breakdowns, emissions and other data of interest that can serve decision-making in aspects such as environmental sustainability, road safety or reducing accidents.
Resource: https://www.cesce.es/
Roldán Logistics looking forward technological develops that help us in the purpose of offering total solutions for the supply chain, focusing all our corporate efforts on providing the best service experience.