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Supply Chain Provenance

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Payments and invoicing

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Identity management

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About Us

Global challenges in logistics

Increasingly globalised and complex supply chains are having a major impact on international companies. Stakeholders within supply chains need to handle an increased amount of information while keeping track of more transactions, recording performance and planning future activities.

Logistics processes involving multiple parties require joint execution across every process step. Today, most collaboration is conducted manually and offline, which often leads to redundancies and mistakes. Efficiency will only be possible if parties work together by sharing data to create transparency.

In this changing context, logistics functions face challenges related to sharing information along the supply chain securely. This is relevant in several ways:

  • Transparency
  • Speed and efficiency
  • Traceability
  • Payment
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Blockchain at-a-glance

Today, data from transactions between parties is usually stored individually with no overview of all of the activities. Blockchain, by comparison, offers an automated network where records are shared.

Sharing data between parties is typically a huge trust issue that makes collaboration difficult. Blockchain addresses this trust issue because data ownership is shared by all of the parties involved.

At its core, a blockchain is a shared database. Specifically, the term refers to a secure and decentralised record of data that cannot be changed, and that is formed across a peer- to-peer network.

Key characteristics of a blockchain

Robotics & Drones

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Virtually Reality

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Blockchain Project

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Image Processing

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Order Management

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Machine Learning

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Relevance for logistics

How can blockchain add value for logistics functions? Can blockchain make processes faster or manage supply chains involving multiple parties? And can it create trust and strengthen collaboration?

Our checklist provides a quick way to evaluate whether a process could benefit from this technology. The more characteristics are true for your logistics processes the more applicable the blockchain technology is.

Blockchain readiness check

Multiple parties share data

multiple participants need views of common information

Multiple parties update data

multiple participants take actions that need to be recorded and change the data

Requirement for verification

participants need to trust that the actions that are recorded are valid

Intermediaries add complexity

removal of intermediaries can reduce cost and complexity

Time sensitive interactions

reducing time delays has business benefits

Transactions interact

transactions created by different participants depend on each other

Several challenges along the supply chain are impacting efficiency for logistics functions. Bottlenecks often occur because of a lack of transparency or cumbersome administration. In many cases, the location of shipments during transport is unclear, which makes scheduling delivery times difficult and causes companies’ assets to be underutilised. On top of this, rising expectations related to ethical standards, sustainability and authenticity are making it increasingly important to ensure a trustworthy audit trail – but it’s often hard to trace goods along the entire supply chain. And many logistics processes are still manual and paper-based, which can lead to long processing times.

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