Cargo Talk - - Opinion -

DDP Game Changer 2016 & CEO Celebi Delhi Cargo Ter­mi­nal Man­age­ment In­dia

Blockchain tech­nol­ogy is be­ing adopted by sev­eral global or­gan­i­sa­tions for man­ag­ing SCM data and in­for­ma­tion. The cur­rent way of man­ag­ing in­for­ma­tion across the sup­ply chain with dif­fer­ent play­ers in the sup­ply chain us­ing dif­fer­ent sys­tems that get up­dated at dif­fer­ent time­lines (and not nec­es­sar­ily real time) tend to have is­sues re­lated to ac­cu­racy, du­pli­ca­tion, etc. Blockchain, by na­ture of its tech­nol­ogy, pro­vides trans­par­ent, in­te­grated and seam­less view of the same trans­ac­tion across the sup­ply chain. It has ob­vi­ous ad­van­tages for global air freight in­dus­try and by its very na­ture for all play­ers in its value chain. Fre­quently dis­cussed chal­lenges such as EDI, trans­ac­tion up­dates, mes­sage tem­plates, mes­sage er­rors, man­ual data en­try er­rors, etc will be­come things of past with com­plete adop­tion of this tech­nol­ogy. How­ever, given its lim­ited avail­abil­ity and cost of adop­tion, the pen­e­tra­tion of the tech­nol­ogy is slower than it should be. As the tech­nol­ogy be­comes cheaper and more avail­able, more com­pa­nies might vol­un­tar­ily adopt this tech­nol­ogy.

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