When thinking about global trade, the logistics sector is a vital part responsible for ensuring safe and effective transportation worldwide. Blockchain, in turn, has been transforming the management of this sector, enabling opportunities for process automation and increased security.
Given the complexity of processes, the challenges involved in this sector, and the context in which companies are expected to demonstrate operational transparency, transport security, and consequently reliability, blockchain technology emerges as an ally.
In this regard, it is important to note that according to Grand View Research data, 12.5% of the revenue from the global blockchain market was allocated to the logistics sector, highlighting the recognition of its importance and positive impact on logistics operations.
Therefore, one of the main functionalities brought by blockchain is the ability to enable real-time tracking of a product from its origin to its final destination. The technology also ensures the creation of a digital copy of a physical object or even an operational or industrial process, improving transparency and reducing operational risks.
