Challenges of modern logistics
The main challenges that the global logistics industry faces today include:
- Low data transparency
- Exorbitant operating expenses
- Untraceable delivery
- Data vulnerability
- Lack of trust between parties
- Overcomplicated processes
- Inaccurate data
- Too many intermediaries
Blockchain solution for logistics, supply chain, and IoT
OLWay is a logistics and supply chain ecosystem integrated with IoT platforms to make shipping more transparent.
It allows tracking shipments using data from sensors, GPS trackers, and connected devices. The data is stored on the blockchain, enabling real-time information sharing for smooth transshipment and cross-border transactions.Request a Demo
How we change the game with blockchain for logistics
Improving processes for logistics companies through blockchain development
The OpenLedger team is proficient at implementing blockchain solutions into various areas of the logistics industry. Typical blockchain logistics use cases include:
Collaboration on the fly
How blockchain works in logistics
- Certificate of origin
- Batch Numbers
- Processing Data
- Shipment Dates
- Packing List
- Order Number
- Batch Number
- Production Data
- Bill of Lading
- Routing Instructions
- Shipment Date
- Delivery Signature
- Shipment Status
- Routing Instructions
- Pick Date
- Packaging Barcode
- Receive Date
- Invoice Number
- Customer ID
- Shipment Status
- Delivery Receipt
What you gain by introducing blockchain into your logistics processes
Now is the time to seize the advantages of early adoption and enjoy the benefits of a logistics business that effectively utilizes blockchain, such as:
Transparency in information and traceability in the supply chain mean more trust from partners and customers. What is more, the high level of confidence is mutual and brings benefits not only for your company, but for all the counterparties as well.
By automating processes with smart contracts, you significantly reduce operating costs. Additionally, a lot of operations can be performed much faster. Thus, you will be able to serve more profitable business activities than before.
Transparent, immutable ledgers enable you to demonstrate good faith, best practices and regulatory compliance, enhancing your reputation.
Collaborations with contractors, partners and regulatory bodies are made transparent and secure with blockchain; in case of disputes, complete, detailed and accurate records are available to all parties.
Peace of mind
In a blockchain-bases system, you retain ultimate control; data theft is impossible, data forgery can be easily disproved thanks to automated, immutable record-keeping.
Early adopters will see significant competitive advantages from business processes transformed by blockchain, including opportunities for enhanced services and improved margins.
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