Page No. 1-8: Blockchain in Logistic Management

Abstract

Globalization has opened new trade routes, technology has changed the way we shop and spend, and so naturally, the demand for shipping has reached an all-time high. It’s no wonder that most shipping customers are shocked and dismayed to find their brokers still relying on artifacts like paper records, written manifests and spoken words to get cargo from point to point. It’s time for a breakthrough in how we handle freight. Blockchain technology is often characterized as “disruptive” because it can revolutionize the way we interact as a society. Distributed ledgers are disruptive for ancient business models in the same way email disrupted the mailbox. We will explore the use of blockchain technology in Logistic management in this paper.