Blockchain technology extends to transportation and logistics

The application of blockchain technology extends to transportation and logistics, shipping logistics is one sector that experiences many problems. Starting from the time the shipment leaves the factory, until the final shipment is at the customer's doorstep. The shipchain platform, a platform developed since 2017, has implemented blockchain technology. The emergence of blockchain technology today, can revolutionize the shipping and logistics industry.

Blockchain #technology is a force that must be taken into account in the world of logistics delivery. Although #blockchain technology is popular because of virtual currencies (#bitcoin), blockchain has other potential to create great value in other industries as well.

The platform uses blockchain technology that contains all information about cargo loads, geo waypoints, and other basic information that is publicly recorded and validated at Sidechain. Equipped with a tracking system & real time tracking to determine the exact location of each shipment.

Brokers are no longer needed, but can be used if needed. Currently shipping logistics, documented using a pen and this is considered ancient which can be a problem, if the documentation is lost. the logistics shipping industry suffered huge losses of $ 30 billion per year, which was caused by theft of cargo from warehouses and when shipping using transportation.

In the #decentralized2018 event which will take place November 14-16 2018 at Divani Caravel, Athens, Greece. JOHN MONARCH - CEO will be the speaker on the topic "Revolutionizing a Trillion Dollar Shipping + Logistics Industry."

"JOHN MONARCH is the founder and CEO of Direct Outbound, one of the fastest growing fulfillment / 3PL companies in the country, and one of the largest in the Southeastern United States. He is very familiar with the logistics industry in all aspects, ranging from logistics and personal transportation, sea and land between modes"

On June 4, 2018, JOHN MONARCH and Clinton Senkow were invited to speak at the United Nations for the first Blockchain for the Global Summit. ShipChain collaborates with government officials to promote standards and use of blockchain throughout the global supply chain.

"What surprised me most was how to invest in UN blockchain technology. They are currently testing or have tried several use cases for blockchain technology and believe that technology can help them solve many world problems by 2030. I suggest starting with the most urgent goals those set by the UN, such as ending hunger, improving education and spurring innovation and infrastructure development. Reviewing these goals is a great way to get a sense of the problems they are trying to solve through many of their organizations, "said Clinton Senkow, VP Partnership

All about #shipchain will be presented at #decentralization2018 which will take place November 14-16 2018 at Divani Caravel, Athens, Greece. how they will revolutionize the transportation and logistics sector by implementing blockchain technology. At present, the goods industry is experiencing problems in transparency that are not well documented. In fact, all operators do not communicate with each other, so tracking shipping of goods is difficult. In addition, all operators who document items using a pen and this will be a problem, if the documentation is lost or accidentally burned.

Shipchain will track the entire supply chain, among all operators, all shipping documentation will be recorded on their main blochain (sidechain), which creates full transparency and ease of communication. Cargo theft is reduced by better tracking that will be done by the Shipchain platform.

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This shall not be taken as financial advice. I am not a financial advisor and none of your investing should be carried out based on any information presented here. You can lose all of your money investing in crypto currencies. The information above is for educational and entertainment purposes only.

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