CRITICAL FOR LOGISTICS AND DISTRIBUTORS
LOGISTICS & DISTRIBUTION
BLOCKCHAIN . IT ’ S A word that , depending on your aptitude for technology – or , indeed , your patience for buzzwords – can either inspire or confuse . But here ’ s the thing , blockchain really is the future . That ’ s none truer than for businesses that operate or rely on national or international supply chains and complex logistical operations .
To give a simple indication of the advantages of implementing blockchain , consider this example : a package of mangoes that you may find at a grocery store can typically take six days , 18 hours and 25 minutes to track back to their farm of origin . Using blockchain it takes 2.2 seconds .
The particular blockchain in question is IBM ’ s Food Trust Blockchain solution . The company is collaborating with a number of businesses , including leading food processor and distributor Golden States Foods ( GSF ), across the global supply chain to implement blockchain technology into the worldwide food ecosystem .
The suggested benefits of doing so are far reaching , and include improved traceability and transparency ,
optimised delivery and efficient transport operations , improved strategic decision making related to cargo and shipping , better supply chain collaboration , fewer operational costs and improved food safety .
CRITICAL FOR LOGISTICS AND DISTRIBUTORS
“ Blockchain establishes a trusted shared environment for all transactions , providing permissioned access for all verified partners ,” says Bjorn Kutz ,
62 May 2018