Cargo tracking monitors the physical location and status of goods as they move through a supply chain. Traditional systems often face challenges with data transparency and accuracy across various participants. Blockchain technology offers a method to record cargo movements securely and immutably. This creates a reliable ledger of a shipment’s journey from origin to destination.
Context
The application of blockchain in cargo tracking is a significant area of development, addressing issues of supply chain visibility and accountability. Current discussions focus on interoperability standards between different blockchain platforms and the integration of IoT devices for real-time data capture. The objective is to reduce fraud and improve efficiency in global trade logistics.
The TradeLens platform integrates core logistics data into a shared, immutable ledger, drastically reducing document processing time and unlocking capital efficiency across the global trade ecosystem.
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