As digital technologies revolutionize industries through advances like IoT, VR, AR, AI, machine learning, robotics and more, the logistics industry remains largely outdated and inefficient, missing out on improvements to methodology and operations. IoT, VR, AR, AI, machine learning, robotics have already offered a bunch of genius solutions to the logistics industry.
However, next to all the above mentioned technologies, there is one more whose potential is underestimated. Yes, we mean blockchain. While the majority of people think that blockchain is limited to cryptocurrencies, its real-world application scenarios are innumerable.
Perhaps you are interested, how blockchain will affect the global logistics environment? So, blockchain technology is expected to increase efficiency, decrease costs and enhance end-user experience in the logistics industry.
But, first of all, let's have a look at one more great solution in the logistics industry: electronic CMR and then dive into the world of blockchain.