Blockchain Technology in Logistics

Abstract

The following paper discusses the impact of using blockchain technology and the possibility of its development in sustainable logistics and supply chain management. The important organizational challenges include increased transportation charges, improvement technology in information management, supply chain services, sustainability measures, government protocols, and enormous databases. Thus, this industry has embraced developing technology such as Cloud computing and the Internet of Things (IoT) which is resulted in transportation fields to enhance automation and decentralization. Security and transparency have far-reaching ramifications in the digital era. This necessitates the industrial revolution of logistics by the advancement of blockchain technology.