Topic: Logistics Meet Blockchain: Eight Applications for Boosting Industry Development (Read 111 times)

  In the past several years, blockchain technology has rapidly achieved global prominence. Deemed an important driver of the fourth industrial revolution. The logistics industry is considered by the insiders to be the field with the highest potential for innovative application of blockchains besides the financial industry.

  The logistics industry has broad prospects. On the scale of the global market, it will reach $12.256 trillion by 2022, but still remains behind in terms of technology and operation. This is due to the decentralized nature of the industry, which has caused the entire logistical process to lack transparency, many important areas of accountability cannot be attributed to any one participant.

  One might say, blockchain provides a logical course for the standardization and digitization of the logistics industry. At present, blockchain teams from logistics giants have tested the logistics public chain, but whether they can match technology to business, or whether it will have value for large-scale commercial application, has become an important criterion for judging the success of a public chain.

  Exploring Eight Application Scenarios

  As the world’s first public chain based on EOS underlying technology and designed specifically for logistics industry applications, the OPT team has delved deeply into the study of application scenarios over many years. In their latest white paper, they published their case studies in this field.

  “Blockchain has a lot of advantages, saves time and costs, reduces risk and fraud. By utilizing blockchain technology, the logistics industry can optimize resource utilization, compress intermediate links, and improve overall industry efficiency. The head of the OPT team introduced the eight application scenarios one by one in the white paper.

Read more here: http://www.newson6.com/story/39598560/logistics-meet-blockchain-eight-applications-for-boosting-industry-development