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    • Home
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    • Logistics
    Editor's Pick (1 - 4 of 8)
    left
    Finding the Right Balance

    Alison Dack, Vice President, Information Technology And Chief Information Officer, Asia Pacific, Fedex Express

    Disruptive Logistics is the New Norm

    Howard Kwong, Chief Technology Officer, Delivery Republic

    Key to Successful e-Commerce Logistics: Innovation

    Ramesh Narayanaswamy, CIO, SingPost

    SDN: the Phoenix or a Dodo?

    Mark Baker, CIO, JAS Worldwide Management

    Incorporating EDI To Better Address The Customers And Vendors

    Ron Olster, Chief Information Officer, Econocaribe Consolidators.

    5 Steps Every CIO Should be Taking Toward the Cloud

    Lee Congdon, CIO, Red Hat

    A New Approach to Logistics and Transportation through the Reverse Supply Chain

    Leo Casusol, CIO, Liquidity Services

    Global Supply Chain Management System for Better Visibility

    Anthony DeCanti, Chief Information Officer & SVP, UniGroup

    right

    Blockchain Creating an Effortless Logistics System

    By Apac CIO Outlook | Monday, December 03, 2018
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    Blockchain application in logistics SectorThe logistics sector faces immense pressure—to be better, faster, and less expensive. The U.S. Department of Transportation projects a sharp rise in volume, which will create severe capacity problems to keep up with demand. As competition for drivers increases, so will the cost to ship goods. An increased demand for efficient systems has emerged to survive this period of rapid industry growth and demand; one of them is blockchain.

    Blockchain allows shippers, carriers, freight brokers, and other supply chain participants to collaborate in a new way, empowering all parties to manage value exchanges more efficiently and less expensively. The technology promises to take significant costs—both hard and soft—out of the supply chain, freeing up time and money for the innovation required to compete in today’s marketplace.

    With blockchain, temperature, along with other key quality metrics, can be recorded from IoT devices from each point of the product’s journey. Instead of keeping that data proprietary in disparate systems, the blockchain empowers companies to collaborate and securely share that data among stakeholders.

    Manually auditing a wide array of disparate systems can take months to complete, and grow an already costly dispute into potentially a multi-million-dollar legal battle. Blockchain can provide a collaborative system of record among partners that saves all stakeholders significant amounts of time and money.

    One of the biggest benefits of blockchain is its ability to audit contractual performance. Under- and overbilling plagues the entire supply chain sector. Applying smart contracts and intelligent workflows enable automated structured decisions within the supply chain such as signatures, quality control, and payments.

    Blockchain encourages a new approach for businesses among supply chain partners, which is highly collaborative, eliminates meaningful and measurable costs from the system through transparency while unlocking new insights for all the organizations involved in the process.

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