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Saturday, April 28, 2018

Supply Chain Enterprise Blockchain

Nicely done, well-explained, non-technical.

Supply Chain
Enterprise-ready blockchain brings transparency to supply chains
Written by: Todd Scott

Categorized: Blockchain Explained | Conference | Supply Chain

There are over 17 million shipping containers in the world, of which five to six million are currently being transported on oceans, rails and roads. In the shipping process, inconsistent information and limited transparency across organizational boundaries can sometimes hinder the efficient movement of goods. These costly inefficiencies could soon be eliminated by blockchain supply chain solutions.

Estimates say trade document processing and administration currently add a staggering 20 percent to the physical cost of shipping a single container. With more than $4 trillion in goods shipped each year, blockchain supply chain solutions such as the planned joint venture between Maersk and IBM could reshape the shipping industry — if not every other industry connected to it.  .... " 

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