Challenges of modern logistics
The logistics industry is gigantic. It is tough to control the distribution of products. The supply chain runs through many diverse stages and geographical locations. The sector involves a lot of paperwork and invoices. Imagine that one piece of paper goes missing, and then delivery has a big issue. The problems in logistics – are similar to those in finance and the cryptocurrency industry. A lot of data is exchanged between people, so this data must be accessible to everyone and, at the same time, safe. There are many problems to be solved, e.g., the problem of controlling the origin of goods and elements (ingredients) of these products, the problem of counterfeit branded products, etc.
Today I want to share some news about the company Sumitomo, which is engaged in manufacturing aerospace equipment. It operates through the following segments: Aerospace-related, Heat Energy and Environmental-related, and ICT (Information and Communication Technology)-related. They leverage Blockchain Technology to bring more efficiency to the supply chain:
- reducing payment delays
- reducing data discrepancies across the supply chain
- automating the whole process
Fig. 1 – 13 ways blockchain will transform supply chain management
Sylwia is a Head of HR and Marketing at Neti - a Software Development boutique and technological partner from Poland. Neti works mainly with small and medium-sized businesses working as an external IT department or extension of your existing software development teams.
Neti is focused on blockchain- and web-based solutions for companies and institutions looking for long-term engagement technological partners.
