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Acceleration through blockchain

Machinery and Mechanical Appliances
From Egypt
To Turkey
198 views / 0 experts
Ehsan A.
Jul 14, 2020
Will blockchain accelerate trade flows?

1 answer

Jul 14, 2020

Blockchain is a technological means to implement supply chain transparency, giving participating parties access to rich information about the cargo, its whereabouts (i.e. its progress in the chain of supply chain events) and the parties involved in this flow. This transparency will result in increased efficiencies, for example it will enable cargo re-routing decisions (while en-route) and it will improve the ability of Customs to perform risk-based inspections. These and similar benefits will result in accelerating trade flows.

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