Blockchain

Blockchain has become one of the most promising new technologies to emerge in this decade. It is not only promising for virtual money, such as Bitcoin, it also has the potential to disrupt many industries, including logistics. The idea of a ‘distributed ledger’ is older than Blockchain, but Blockchain could make a supply chain more transparent and, as a result, more efficient. As the Logistics Manager of a leading container ship operator you are always looking for ways to cut waste and increase efficient use of available space on your vessels. Your company president wants to radically overhaul the company to increase competitiveness in an industry with massive investments and small profit margins. Introducing Blockchain together with other companies in the supply chain could benefit your company. In your report to the president, write what research has shown about Blockchain and supply chain management, how three other logistics corporations try to use new technology, and compile a report of your recommendations.