What is the key driver of logistic blockchain?
Reviewing and compile blockchain industry topic, updating market references and research environment.
Today, we are picking supply chain management with blockchain logistics operation.
DBS bank started to cooperate with Chinese largest automotive logistic companies, Capital Logistic Co. Ltd. Besides working with Wanxiang Blockchain, launches the platform to connect car manufactures, exporters, logistic carriers and car dealerships.
On the blockchain platform, DBS will provide financial access, even the small and medium enterprises has not ability to reach financial support, by storing logistic information transparency and security entire ecosystem.
From logistic map by Jordan Odinsky in 2017, logistic technology influences the supply chain management system, separated portfolio with diversified solutions. Logistic operation is in complexities, and data is going to show up here and there. We have to follow up certainly optimization in order to successfully delivery. It differs from logistic uniqueness, manufacturing, food delivery, shipping and more plenty of genres.
The logistic consortium is also key driver to bring up fundamentals with cooperation.
Hong Kong’s second largest container terminal operator, Modern Teminals, joined the TradeLens project by IBM and Maersk, the ecosystem to include global players, paving pipelines seamlessly.
Paper-based management reduces the business opportunities, due to additional cost and time losses. which prevents to run supply chain management effectively.
When it comes to consider logistic operation, smart contract function needs to be adapted properly.
In some cases, blockchain myths is believed to change entire supply chain system, but it should be focused on situation and benefit through original features. Smart contract will go effect with shortcut operation and transparent operation.
It’s not broadly solved and influences all transportation ecosystem, therefore, just focus on transaction orders and variations. The contract enforcement is elementary optimized once tied between stakeholders and nimble executed through smart contract.
Logistic system is very complicated, so that to be executed appropriately, blockchain characters need to be focused on specific matters.
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