This solution has added improve visibility and transparency for all stakeholders and eliminating redundant data. The processes can be more streamlined and simplified. As a result, this decision will increase the efficiency of transportation and save money for the company's customers.
For example, traditional cargo transportation requires a lot of paper documents and participation in the process of several inspectors who will monitor it, sign documents, etc. Moreover, these documents must be signed by several parties. Even the electronic system of cargo transportation requires a long administrative process. But blockchain technology can simplify this process by digitizing the supply chain. At the same time, neither party can change, edit or delete any of the blocks without the consent of other users.
This technology is a very secure way to share information between parties. It creates a permanent, digital public transactions ledger which can be shared with a computers distributed network. The sharing possibilities of this technology create a lot of opportunities for logistics. For example better tracking of orders, reducing errors, improvement of transparency and better fraud detection.