Blockchain Technology Effects on Logistics Sector?

Blockchain technology is being hailed, by many, as a digital panacea that has already made a huge impact across sectors such as finance. There are broad number of ways in which blockchain can be utilized and cause its effects on logistics sector. 

Changing or adding information to the “chain” requires the authentication of everyone who is in the network and this means that blockchain is extremely secure 

However, it is still being explored and the logistics sector is one area that is looking to exploit its power. Here we examine the fundamental principles behind blockchain and ask how blockchain technology is revolutionizing the logistics sector?

Blockchain is basically a digital ledger that is shared by a network of individuals around the world. This came from work carried out in the mathematical discipline of cryptology. That is to say, the information stored in blockchain is encrypted.

(Source: blog.businesscasestudies.co.uk)