As significant carriers struggle to keep up with the increase in online shopping, stolen bundles and missed deliveries abound. And this creates substantial inconveniences in the online shopping market. Companies like NextPakk are cropping up to smooth out the lumps on the delivery road. However, while we wait for our command of quantum physics to evolve, blockchain technology can at least make transporting items more efficient. From allowing for real-time monitoring to making sure that containers are at the Ideal temperature, here are some of the Ways That blockchain is advancing logistics:
Using their blockchain-built program, consumers can create an account and use a NextPakk-generated ID and shipping address. It allows them to rearrange delivery for a time that is convenient to them. Corporate Communications Officer Deb Olson enthuses, "Once bundles arrive locally, customers can schedule delivery in the day when they're home. Instead of lockers or drones, this is the solution to problems with last-mile logistics!"
The company has an established track record of providing the safest containers globally, with temperature deviation results that are some 75 times better than the industry average. Currently, as data passes through systems, there are abundant opportunities for this to be altered, tampered with, or misinterpreted. Blockchain tech brings a much-needed coating of confidence and accountability. One Trimble client, Dart Transit, expects to save more than 2 million dollars a year using blockchain-built applications.
TEMPERATURE-SENSITIVE LOGISTICS
We have seen use cases for blockchain technology across many industries. Nevertheless, logistics is one in particular that is seeing actual results. And while crypto may take care of payments, a product still has to get from point A to point B. We haven't come up with a technology that may teleport products for us just yet.
On the Move: Here's How Blockchain Tech Is Enhancing Logistics LAST-MILE DELIVERY
SkyCell AG, are bringing a way to market to ship critical items at the right temperature for the pharmaceutical industry.
Blockchain technology will enter mass adoption, and it will become profitable for companies to utilize it. We might still be a ways off when it comes to cybersecurity or wiping out global poverty. But in logistics, blockchains happen to be equipping companies with their demonstrated effect on what matters most -- the main point.
Freight tracking in itself is not anything new (we have got GPS, EDI, and APIs for this). However, as consumer expectations rise amidst guarantees of same-day or one-hour delivery, traditional methods are unable to scale. Not only does one blockchain tech fulfill these new requirements, but it also addresses the issue of authenticity. A world leader in transportation and logistics, Trimble Transportation Enterprise, is working to advance blockchain technology within the transportation and logistics sector through sister company TMW. By making use of a blockchain for freight monitoring, they can help carriers save money, be more efficient, and decrease errors. SAVING MONEY AND INCREASING EFFICIENCY From perishable products to pharmaceuticals, specific items depend on maintaining a constant fever. There's a good deal of hype around blockchains (since you may have noticed). And there's also a lot of confusion because we explore uncharted territories. But while blockchain tech is only starting to demonstrate its potential in some areas, in logistics, it is fast becoming crucial. CLOSING THOUGHTS And they're taking it a step farther, by planning to ship different prescriptions, separate syringes, and other low quantities of drugs directly to patients through a B2C model.
[Source: https://themerkle.com/on-the-move-heres-how-blockchain-tech-is-improving-logistics/]