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Smart Contracts in Logistics Industry

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Blockchain App Factory is a leading company with much experience in blockchain smart contract development. Keep your woes away and get in touch with us to enjoy our readymade solutions. – PowerPoint PPT presentation

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Title: Smart Contracts in Logistics Industry


1
Smart Contracts in Logistics Industry
2
Smart contracts Logistics
  • According to a survey conducted by Forbes, 65 of
    the executives focussed on transportation believe
    that the logistics industry will experience a
    tectonic shift from traditional methods to better
  • Well, those days are not far when blockchain
    technology will revamp the entire supply chain
    and transportation industries. One may usually
    relate blockchain with Bitcoin or other
    cryptocurrencies.
  • But, there is more to the technologies affiliated
    to the blockchain and this includes Ethereum
    Smart Contracts. So, how will smart contracts be
    a boon for the logistics industry? Let us take a
    look.
  • Smart contracts are highly efficient in
    performance and adept at quickening and
    simplifying the functions and processes of the
    logistics industry.
  • Moreover, implementing them in the supply chain
    industry will give a clear picture of how they
    are beneficial for this field.

3
Transparency and Clarity Of Agreement Terms
  • As it is based on blockchain, the code of smart
    contracts is transparent. Everything ranging from
    the terms and conditions to obligations is coded
    in such a way that all the parties on the network
    can view the transactions without any confusion
    or discrepancy whatsoever.

4
Trustworthiness and Reliability
  • Smart contracts are inherently immutable. This
    makes them reliable as nobody across the whole
    supply chain can alter the terms of the contract.
    Even if some of the members leave the network,
    there is no threat of a data leak and it will
    continue to function with the same efficiency.

5
Protection against frauds and Guarantee of
payments
  • The most important advantage of blockchain is
    decentralization. That is why no single
    individual can control the blockchain or smart
    contract.
  • Also, nobody can release any data or funds
    without the prior consent of the members on the
    blockchain.
  • If anyone tries to attempt such an act, they will
    be noticed and blacklisted. Besides, logistics
    companies are assured to get paid if they have
    provided services to their clients proficiently.

6
Elimination Of Third Party Intermediaries
  • Traditional supply chains are filled with
    middlemen and third-party intermediaries.
  • Smart contracts will help in getting rid of them
    and eventually reduce the unwanted costs across
    the chain.
  • With smart contracts, freight operators, shippers
    etc. will be able to deal with one another
    directly. This will, in turn, make the whole
    process smoother and faster.
  • Smart contracts have the immense potential to
    revolutionize the logistics industry. But, you
    must make sure to tie up with the best companies
    to get the best blockchain services.
  • Blockchain App Factory is a leading company with
    much experience in blockchain smart contract
    development. Keep your woes away and get in touch
    with us to enjoy our readymade solutions.

7
Touch with Blockchain App Factory
Mail info_at_blockchainappfactory.com Web
https//www.blockchainappfactory.com/smart-contrac
t-development Mobile 91 956 610 1784
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