“The use of blockchain in transportation companies is increasingly relevant, especially in the areas of traceability, security, and supply chain transparency”

Barcelona October 28, 2024.-

Here are some key aspects from recent reports:

Traceability and Transparency: Blockchain enables real-time tracking of goods in an immutable manner, which is essential for reducing errors and fraud. Transportation companies are using this technology to provide customers with full visibility into the shipping lifecycle.
Smart Contracts: Blockchain facilitates the automation of critical processes through programmed contracts, allowing certain steps to execute only when specific conditions are met. In logistics, this enables automated payments and compliance with delivery conditions.
Process and Cost Optimization: Blockchain reduces intermediaries and speeds up data transmission, which helps cut wait times and costs at customs and other control points. Additionally, the distributed nature of blockchain data enables faster and more reliable audits.
Industry Use Cases: Companies like Maersk and UPS have implemented blockchain in areas such as container tracking and customs documentation. For instance, Maersk developed a solution called TradeLens in collaboration with IBM, which provides a shared data platform with other transportation and logistics companies.
Challenges and Limitations: Blockchain adoption in transportation still faces challenges, such as interoperability with other systems and resistance to change, as many companies still rely on traditional information systems. There are also regulatory challenges in some countries regarding the acceptance of blockchain as a reliable data source.

These points reflect significant potential, though success depends on collaborative adoption across the entire supply chain.