Adoption of Blockchain Technology in Supply Chain and Logistics

April 10, 2018

In 2008, Satoshi Nakamoto created a fully distributed digital currency system using Blockchain technology. For several years, this system was unnoticed by the society, but after the breakthrough of Bitcoin, many scientists and developers became interested in the technology that allowed Bitcoin be the best cryptocurrency in the market. Nowadays, a large amount of people think that Blockchain could be as revolutionary as Internet was. They see many ways to adopt such technology. Therefore, many different applications appear on the market. One of such applications excited me – an application for logistics and supply chain. The current situation of these industries can be described as challenging. There are many difficulties concerning the transparency, security and visibility of various operations across the supply chain or transportation. Therefore, I decided to study this sphere and find out what benefits blockchain could bring to these industries and which problems solve.

Spotlight

Siemens Postal, Parcel & Airport Logistics LLC

Siemens Postal, Parcel & Airport Logistics LLC, headquartered in DFW Airport, TX (USA) is a leading provider of innovative products and solutions in the field of mail and parcel logistics and automation as well as in airport logistics with baggage and cargo handling in the USA. Software solutions and customer services along the complete product life cycle complete the portfolio.

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