Is the Blockchain technology doing any good to the Transportation Industry?

AJ Gonzalez | January 28, 2022

BBN Times, Naveen Joshi, 27/01/2022

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Blockchain technology in transportation is changing the way consignments are tracked, administration is carried out, and clearances are expedited.

Efficient Supply Chain Management, Blockchain in supply chain management offers its users a consolidated system to store all the activities of the products from the warehouses to the final site securely.

Smart Contracts, Blockchain enables companies to make tamper-proof smart contracts, especially for multi-party agreements.

Transparent Data Logs, ensures authenticity and credibility of both the parties engaged in the trade. Cryptographic security methods with hashed pointers to each block allow the chain to be immutable.

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