[Translation] What features does blockchain bring to logistics operations?

This translated article presents Luxtag, which on the NEM blockchain is delivering the world’s first digital certificate that guarantees a product is genuine.Luxtag has distributed this.

Logistics Industryand the supply chain have been fundamental systems since the first exchanges were made in history. They have grown greatly up to today. For example, container transportation has increased by 290% since the early 21st century. However, rapid development has also created more serious problems.

The logistics industry faces various threats such as fraud, deception, and theft of goods. With low security and insufficient traceability, the losses companies suffer during transport can reach billions of dollars.

Nevertheless, the world has progressed rapidly and new technologies and digital solutions have emerged to prevent highly advanced threats. Technologies such as blockchain, the Internet of Things (IoT), and artificial intelligence (AI) are transforming the logistics field and presenting innovative solutions to tackle the most severe risks. This article will examine thebenefits of blockchain and its capabilities for the logistics industry.