The Blockchain technology, which creates a permanent and transparent report on transactions, has a huge potential for solving complex logistics problems. Blockchain is a secure digital transaction book, managed by a network of computers which provides a permanent record of information about the transactions of all users.
Each transaction or “block” is written sequentially in the register. The consolidated report on transactions includes a progressive series of “blocks” that constitute the “chain”. Each “block” or “mark” of transactions is checked by a cryptographically authorized set of participants, which makes it impossible to damage or change the recorded information.
Truck drivers, shippers and logistics specialists are among those who could maximize the benefits of Blockchain applications. Regardless of your role in the cargo transportation, working on an understanding of the influence of Blockchain in logistics should be a priority for you.
With Blockchain technology customers and users of Logis Coin will be able to track the entire route that the ordered goods have done before they fall into their hands. The network behind the shelf of the store will no longer be hidden, which will allow the client to make more informed decisions.
Logis Coin provides transparency for auditors. Since the transaction history will be blocked in each block, auditors will be easier to understand where the resources were spent.
Providing greater security. Logis Coin technology will enable companies in the supply chain to identify fraud attempts more easily.
Damon Bryant, PhD
Dwayne M. Golden, MBA
Colin C. Thompson
Director of Operations
With 20+years of experience and advanced degrees in both E-Business Technologies and Supply Chain Management, Colin has successfully led the development and growth of new business initiatives for IBM. Based in Asia (Shanghai, PRC) and a 2008 graduate of IBM’s Supply Chain Leadership Program
Official representative in Turkey
Official representative in India
Official representative in Africa
IT Security/ Quality Assurance
Staking (POS) reward:
1 – 9 LGS
1 000 LGS
80 – 90%
20 - 10%
21 000 000 LGS
197 000 LGS (~0.97%)
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