How is blockchain used in logistics?

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Using end-to-end encryption in supply chains allows you to track the movement of goods from the manufacturer to the end consumer and protect data from unauthorized access. This is especially important, since any supply chain includes many stages: purchasing, distribution, sorting, sending to the distribution center, storage and delivery to the recipient. Many processes can last for several months and consist of a large number of documents and payments, involving several legal entities. This is where the need for a reliable system for data exchange arises.

End-to-end encryption principles are being implemented in logistics largely thanks to blockchain. With the help of this related technology, many logistics companies organize transactions between banks around the world, manage supply chains, integrate smart contract systems between carriers and shippers, etc.

Blockchain is a technology that allows storing senegal mobile database in a distributed database. This means that files are not stored on a single server, but are distributed across a network of computers. Distributed data guarantees its authenticity and immutability.

In logistics, blockchain is used in various scenarios. First of all, the technology is in demand when tracking the movement of goods and services. Transactions related to cargo are added to the blockchain as a new fragment. Each fragment receives a unique number and is linked to information about the previous fragment. Thus, data is formed that tracks the movement of goods or services from the manufacturer to the consumer. For example, Russian Post is implementing blockchain technology for exchanging electronic powers of attorney. This technology for working with documents allows participants in the supply chain to see only the information they need to perform their tasks. For other participants in cargo transportation, the ability to view or change data that does not belong to them will be unavailable. Another striking example of the use of blockchain is the Russian Railways company, which applies the technology for container transportation. This way of using the technology helps the company reduce downtime problems and speed up the transfer of documents.