Cargo Talk - - Opinion -

CEO, Kale Lo­gis­tics So­lu­tions & In­dia Cargo Award win­ner 2017

Blockchain tech­nol­ogy act­ing as a dig­i­tal dis­trib­uted ledger can cer­tainly bring about a trans­for­ma­tional change in the way global sup­ply chains are op­er­at­ing in to­day’s world. This is sim­ply be­cause it works on the prin­ci­ple of main­tain­ing a se­cure trans­ac­tion ledger, wherein the role of each par­tic­i­pant is de­fined, leav­ing no scope for de­cep­tion or mal­prac­tice. While trans­parency across the sup­ply chain is one of the key ad­van­tage of plac­ing a blockchain sys­tem, there are sev­eral other ad­van­tages re­sult­ing from the cross­over of blockchain tech­nol­ogy and the sup­ply chain. A well-struc­tured blockchain net­work can pro­vide lo­cal pro­duc­ers with a de­cen­tralised plat­form for shar­ing and ex­chang­ing skills, re­sources and prod­ucts with­out re­ly­ing on third par­ties. Blockchain in­her­ently pro­vides se­cu­rity, au­then­tic­ity, and clar­ity re­quired to ad­dress sup­ply chain chal­lenges.

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