Definition ∞ Logistics systems encompass the processes and infrastructure involved in the planning, implementation, and control of the efficient flow and storage of goods, services, and related information from origin to consumption. Blockchain technology can be applied to these systems to enhance supply chain transparency, traceability, and efficiency. It creates immutable records of product movement and ownership. This application improves trust and reduces discrepancies across complex global networks.
Context ∞ News reports frequently feature pilot programs and commercial implementations of blockchain in logistics systems by major corporations. The focus is often on improving visibility, reducing fraud, and streamlining customs processes. The potential for blockchain to verify product authenticity and track environmental impact throughout supply chains is a growing area of interest.
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