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.