Blockchain and web3 supply chain technology are being used in a number of ways in the logistics industry. These technologies offer a range of benefits and advantages for logistics operations, including improved transparency, security, and efficiency. Some examples of how blockchain and web3 are being used in logistics include:
- Supply chain management: Blockchain and web3 technology can be used to create a transparent and secure digital ledger of the supply chain for goods and products. This can help logistics companies to track and manage the movement of goods from manufacturers to consumers, providing greater visibility and control over the supply chain.
- Payment processing: Blockchain and web3 technology can also be used to enable faster, cheaper, and more secure payment processing for logistics transactions. For example, logistics companies can use blockchain-based payment networks, such as Bitcoin or Ethereum, to process payments from customers, eliminating the need for intermediaries and reducing transaction costs.
- Digital assets and rewards: Blockchain and web3 technology can be used to create and manage digital assets, such as loyalty points, coupons, or rewards, that can be used by customers in logistics transactions. This can provide logistics companies with new and innovative ways to engage and reward their customers, and it can also create new revenue streams and business models for logistics companies.
- Identity and authentication: Blockchain and web3 technology can also be used to improve the security and privacy of customer data in the logistics industry. For example, logistics companies can use blockchain-based identity and authentication systems to verify the identity of customers and to protect their personal data from unauthorized access or misuse.
- Data sharing and interoperability: Blockchain and web3 technology can also be used to improve the sharing and interoperability of data among different stakeholders in the logistics industry. For example, logistics companies can use blockchain-based systems to securely and transparently share data with suppliers, distributors, and other partners, helping to streamline and optimize the logistics supply chain.
Real-life blockchain and web3 supply chain projects and logistics
- Everledger: Everledger is a blockchain-based platform that provides supply chain traceability and transparency for the diamond industry. The platform uses blockchain technology to create a digital ledger of diamond transactions, allowing stakeholders in the diamond supply chain to track and verify the provenance and authenticity of diamonds.
- Blockverify: Blockverify was (the website doesn’t seem to be available as of December 2022) a blockchain-based platform that provides supply chain traceability and transparency for the pharmaceutical industry. The platform uses blockchain technology to create a digital ledger of pharmaceutical transactions, allowing stakeholders in the pharmaceutical supply chain to track and verify the authenticity and quality of pharmaceutical products.
- IBM Food Trust: IBM Food Trust is a blockchain-based platform that provides supply chain traceability and transparency for the food industry. The platform uses blockchain technology to create a digital ledger of food transactions, allowing stakeholders in the food supply chain to track and verify the provenance, quality, and safety of food products.
- Maersk: Maersk is a global shipping and logistics company that is using blockchain technology to improve the efficiency and transparency of its operations. The company has developed a blockchain-based platform called TradeLens that allows stakeholders in the shipping and logistics industry to securely and transparently share data and information about the movement of goods. The project seems to be discontinued as of December 2022 but the website is live and provides detailed documentation.
- Walmart: Walmart is a global retailer network company that is using blockchain technology to improve the traceability and transparency of its supply chain operations. The company has developed a blockchain-based platform called the Food Trust Network in partnership with IBM that allows stakeholders in the food supply chain to track and verify the provenance, quality, and safety of food products.
Previous publications on this topic
Other Dappros publications related to Logistics and Supply chain verticals:
Title: Blockchain in logistics 2018.
Date: 16th August 2018
Title: Tracy Chain – tracking your shipments via blockchain – live demo.
Date: 24th September 2018.
Title: Getting everybody [to work] together (IBM Maersk shipping blockchain struggle).
Date: 28th October 2018.
Title: Provenance. Tracking origin via blockchain.
Date: 1st January 2019.
Title: Decentralized assets tracking and transactions explorer.
Date: 28th January 2019
In addition to these, you can always learn more about using web3 and DLT in supply chain and logistics from the latest publications in our blog: https://www.dappros.com/category/supply-chain/
Using Dappros Platform and Ethora engine to leverage web3 supply chain and DLT
Did you know that our blockchain-as-a-service solution Dappros Platform also has a modification called “TracyChain” that is specifically designed for the supply chain?
It allows supply chain partners to mutually exchange tracking data in a trusted secure environment, cryptographically protected with an immutable ledger technology.
You may also enable your employees to easily put data on a chain or verify the provenance of each item as simple as scanning its QR code with your branded mobile app. This is supported by the Ethora engine.