Blockchain is a buzzword that everybody uses but few truly understand.
Basically, it's a technology of decentralized, constantly growing list of records
(i.e. blocks) linked to each other and secured using cryptography. Blockchain
architecture is secure by design, meaning that data recorded in the block can’t
be changed retroactively without changing all subsequent blocks, which in
practice is nearly impossible. Everyone knows the most popular
implementation of this technology - Bitcoin, but Blockchain can be used in
much more tasks, where permanent, transparent public ledger system is
needed, like Public Registry, Property Registry, Finance or Supply Chain.
The TMX Blockchain Logistics Protocol connects producers, suppliers,
importers, freight forwarders as well as other involved parties in a wellbalanced
ecosystem based on trust and frictionless interactions, offering tools
for seamless exchange of documents, saving them time and money. This in
turn, will give them an unmatched level of security, transparency and
traceability–the logistics industry’s major pain points and problems.
Topic: TMX Blockchain Logistics (Read 76 times)
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