Challenges of modern logistics

As digital technology revolutionizes industry through advances like IoT, VR, AR, AI, machine learning, robotics and more, the logistics industry remains largely outdated and inefficient, missing out on improvements to methodology and operations.

The main challenges that the global logistics industry faces today include:

  • Low data transparency
  • Bloated operating expenses
  • Untraceable delivery
  • Data vulnerability
  • Lack of trust between parties
  • Overcomplicated processes
  • Inaccurate data

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:

Transparent data

The data recorded in the distributed ledger is completely transparent. Every party concerned has access to review it, increasing trust between senders, receivers, shippers and regulating bodies.

Process automation

Once set conditions are met, there is no need for manual actions: a smart contract will automatically initiate commercial processes. By automating departure, shipment, ownership changes and other procedures, you cut expenses and simplify the entire flow.

Robust security

Records stored on a blockchain are safe from forgery, accidental loss, and unauthorized access. Decentralized data storage is secure, transparent, and easily accessible by authorized parties.

Detailed traceability

Blockchain lets you track every movement a shipped item makes: each stop, detour and manipulation is visible. This information is protected from accidental or intentional changes.

Authenticity control

Data transparency combined with detailed traceability and robust security allows your end consumers to easily make sure that the delivered goods meet specifications, such as country of origin, legitimacy, transportation conditions and more.

Collaboration on the fly

The accessibility provided by a blockchain-based system enables seamless collaboration between parties. A powerful set of workflow tools, such as electronic signatures and contact verification, is available.

How blockchain works in logistics

Smart contracts control shipment transaction flow at every stage

Logistics and warehouses are able to optimize capacity and shipments real-time

Logistics and carriers are able to provide cargo’s status and visibility to all participants

Dots How blockchain works in logistics How blockchain works in logistics
Manufacturer
  • Certificate of origin
  • Batch Numbers
  • Processing Data
  • Barcodes
  • Shipment Dates
Supplier
  • Packing List
  • Order Number
  • Batch Number
  • Production Data
  • Shipment
    Specification (DIMS)
Logistics
  • Bill of Lading
  • Routing Instructions
  • Shipment Date
  • Commodity
    Description
Long-haul carrier
  • Delivery Signature
  • Temperature
  • Shipment Status
Warehouse
  • Routing Instructions
  • Pick Date
  • Packaging
  • Specifications
  • Packaging Barcode
Short-haul carrier
  • Receive Date
  • Invoice Number
  • Customer ID
  • Shipment Status
  • Delivery Receipt
Consignee

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What you gain by introducing blockchain into your logistics processes

Today, blockchain technology is reshaping the logistics industry, and many businesses are embracing the opportunity to rebuild their processes from the ground up in an innovative and profitable way.

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:

Trust

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.

Cost-efficiency

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.

Reputation

Transparent, immutable ledgers enable you to demonstrate good faith, best practices and regulatory compliance, enhancing your reputation.

Self-confidence

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.

Competitiveness

Early adopters will see significant competitive advantages from business processes transformed by blockchain, including opportunities for enhanced services and improved margins.


Explore blockchain solutions for:

Supply chain

Supply chain

If you’re interested in the full range of blockchain solutions for supply chains, we have the experience and expertise to deliver.

Learn More
IoT

IoT

OpenLedger delivers innovative solutions combining IoT with encrypted, immutable, auditable blockchains.

Learn More
Healthcare

Healthcare

Use blockchain technology for better privacy protection, efficient data exchange, and secure patient data control in healthcare.

Learn More

Why Work With Us

Extensive expertise

You’ll get access to the expertise both of our own blockchain products and of successfully implemented custom solutions

<p>You’ll get access to the expertise both of our own blockchain products and of successfully implemented custom solutions</p>

Cutting-edge solutions

The OpenLedger team is pioneering the frontiers of blockchain tech and employing it to drive your company’s success.

<p>The OpenLedger team is pioneering the frontiers of blockchain tech and employing it to drive your company’s success.</p>

Highly-skilled dev team

All our tech solutions are built by the in-house cross-functional team. The strongest blockchain specialists on the market will be working on your project

<p>All our tech solutions are built by the in-house cross-functional team. The strongest blockchain specialists on the market will be working on your project</p>

Profound R&D

OpenLedger’s outstanding R&D department deeply researches unique ways of improving your products and services, so we can implement them together.

<p>OpenLedger’s outstanding R&D department deeply researches unique ways of improving your products and services, so we can implement them together.</p>

We’d love to show how blockchain can help your logistics business

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