The Blockchain technology, which creates a permanent and transparent report on transactions, has a huge potential for solving complex logistics problems. Blockchain is a secure digital transaction book, managed by a network of computers which provides a permanent record of information about the transactions of all users.
Each transaction or “block” is written sequentially in the register. The consolidated report on transactions includes a progressive series of “blocks” that constitute the “chain”. Each “block” or “mark” of transactions is checked by a cryptographically authorized set of participants, which makes it impossible to damage or change the recorded information.
Truck drivers, shippers and logistics specialists are among those who could maximize the benefits of Blockchain applications. Regardless of your role in the cargo transportation, working on an understanding of the influence of Blockchain in logistics should be a priority for you.