Blockchain Technology for Logistics: A smarter way to engage in trade

Overview

Industry overview

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  An Examplary Logistics Process

  Unlike traditional distributed databases, no intermediary or central point of account is required, because the participants in the network control each other. In this way, the BC creates a consensus on the current state of the network without requiring the individual partners of the SC to trust each other. It also guarantees the integrity and immutability of the information stored on it

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  Smart Logistics

  Smart agriculture is featured by the utilization of ICT, internet of things (IoT), and various modern data collection and analysis technologies including unmanned aerial vehicles (UAV), sensors and machine learning. A key issue of establishing smart agriculture is developing a comprehensive security system that facilitates the use and management of data. Traditional ways manage data in a centralized fashion and are prone to inaccurate data, data distortion and misuse as well as cyber-attack.

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  Food Supply Chain

  Smart Contracts define the conditions for the execution of the transactions in advance. The system collects data about the grain, which is then stored within the BC. The data are collected mainly by electronic tags and various sensors such as code-scan guns, cameras, smoke detectors, humidity sensors, light sensors, etc. When the parameters of the grain meet the requirements and all other requirements are met, the transaction is automatically triggered