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How Blockchain is Making the Logistics Industry Transparent by ww-unique

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· @ww-unique ·
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How Blockchain is Making the Logistics Industry Transparent
![725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy84NTFkZDdjNDNlZWM2M2YxNGUyOTc4ZmNjNDNmNzJlYy5qcGc=.jpg](https://gateway.ipfs.io/ipfs/QmXaHYDBbi14n3hMFMtnJoGUbf7DMDqezghRqBFRCyQZxv)

The logistics and supply chain industry has been one of the main fields for Blockchain adoption in the past few years. In 2018, the number of companies looking into the technology to ease the process of delivery and make the supply chain more traceable will likely continue to grow rapidly, as the latest players to announce plans for Blockchain adoption were South Korean electronics giant Samsung and Walmart, the world’s largest discount retailer.

**Areas where Blockchain is used for logistics**

***Electronics***
Samsung revealed its plan to use Blockchain for its global supply chain on April 16. The technology will be introduced through the company’s IT subsidiary, Samsung SDS. According to vice president and Blockchain chief at SDS Song Kwang-woo, the usage of technology might cut costs by up to 20 percent.

***Natural resource mining***
In April 2016, a small Canadian startup called Peer Ledger was incorporated. Its primary focus is to introduce a permissioned Hyperledger Fabric-based Blockchain to the minerals mining industry. 

***Food supply***
In 2017, Walmart and a group of food giants including Unilever, Nestlé, and Dole partnered with IBM to explore how Blockchain technology could benefit their food supply chains.

***Diamond Industry***
In May 2015 Leanne Kemp founded Everledger, a global digital registry for diamonds powered by distributed ledger technology (DLT). One of its main goals was to tackle the problem of “blood diamonds” extracted in war zones and sold to finance oppressive regimes. The technology allows access to the full account of a particular diamond’s history and eliminates the possibility of forging documents.

***Shipping and Logistics***
In 2016, Marine Transport International (MTI), a freight forwarder based in the United Kingdom and the United States, revealed the launch of what could be the world’s first public Blockchain in the global shipping industry to improve security and distribution of shipping container data.
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