Top 4 Blockchain Logistics Projects
Did you know that blockchain technology can be used to improve the efficiency and security of logistics and supply chains? The logistics and transportation industry is growing at a rapid pace. Shipping companies can lose a large portion of their profits due to cyber-attacks, middlemen costs, inefficient practices, retailers, theft, food spoilage and sabotage. Half of the profits are spent on compensation for stolen, returned, mislabeled and damaged cargo. Blockchain and IoT can help the logistics industry very well.
Logistics companies that want to increase their efficiency can use blockchain logistics projects that instantly monitor and record the movements, storage conditions and durability of the shipping container and cargo. It is possible with blockchain technology to eliminate unnecessary steps in the delivery process, implement faster routes, automate complex procedures with smart contracts, and reduce human errors. In this content, we will examine the top 4 blockchain logistics projects.
VeChain is a blockchain project developed to make business processes and supply chain management more efficient. The VeChain platform, which thinks that complex supply chain processes can be simplified by using DLT and information exchange can be made faster, has two different cryptocurrencies, VET and VTHO. VET is used as a native coin for transferring value on the blockchain, while VeChainThor Energy (VTHO) is a gas token that is paid to complete smart contract transactions.
One of the important goals of VeChain is to become the most preferred blockchain network of IoT devices used in the supply chain.
XYO is a decentralized location and data blockchain network. Running on the Ethereum network, this project collects location data from all kinds of moving objects, from people to cars, from airplanes to ships. Anyone can create an XYO Network Node with an app to download to their smartphone. Users who create nodes earn location-based crypto rewards with their smartphones.
XYO is an ongoing project that aims to track and process location data and keep different statistical data such as the residence of people with certain characteristics in certain locations.
OriginTrail advertises itself as the world’s first Decentralized Knowledge Graph. The aim of the project is to connect digital world products such as NFTs, smart contracts, blockchain, metaverse, DeFi with products of the physical world such as education, health, art, fashion, supply chain.
OriginTrail’s technology benefits intercontinental trade. This project, which both deals with the problems faced by blockchains and protects supply chains, is a project that is ready to monitor its logistics within the metaverse by bringing every physical asset in the world to the metaverse.
CargoX is an organization that provides logistics services to the global shipping market. Competing with companies like FedEx, DHL and UPS, CargoX is an independent blockchain courier service. The CargoX dApp, which is approaching 5 years old, connects industries such as air cargo, supply chain and global freight with blockchain technology.
CargoX, which enables digital original documents to be sent instantly and encrypted from anywhere in the world, offers tools to facilitate finance, transportation, manufacturing and trade for logistics products that require physical transportation.
You are invited to our Telegram community to join discussions on the topic, get help, or report other projects you know: t.me/KriptoliaEN
Kriptolia Twitter: twitter.com/Kriptolia
Disclaimer: The information presented is subject to market conditions and includes the author’s (Atilla Günduğ) own views and reviews. Please do your “own” market research before investing in cryptocurrencies and following the above information. Neither the author (Atilla Günduğ) nor the Medium page in which the article is published/the relevant company (Kriptolia EN) accepts any responsibility for your financial losses.