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Resolving the Blockchain Paradox in Transportation and Logistics
Article

Resolving the Blockchain Paradox in Transportation and Logistics


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Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • For Beginners

Recommendation

Imagine a transport and logistics (T&L) industry uncluttered by checks and balances but just as reliable. That’s the vision of a team of Boston Consulting Group analysts, who make a strong case for why the T&L industry must resolve the trust paradox preventing it from adopting blockchain solutions. The technology could help your company cut costs and improve profit margins while operating better and faster.

Take-Aways

  • Blockchain technology could ease the distrust hampering the transport and logistics (T&L) industry, but that very distrust keeps the industry from embracing blockchain. 
  • The blockchain isn’t as complicated, mysterious or vulnerable to tampering as many T&L executives think, and solving this paradox would be financially and operationally rewarding for their firms.
  • Benefits include better-managed documents and data; optimized use of equipment; and improved “speed, traceability” and “cargo safety.”

About the Authors

Andrew Schmahl, Sanjaya Mohottala, Kaj Burchardi, Camille Egloff, Jacqueline Govers, Ted Chan and Markos Giakoumelos are professionals with the Boston Consulting Group.


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