Logistics involves multiple stakeholders—suppliers, carriers, warehouses, retailers, and customers. This complexity often leads to disputes, delays, and data inconsistencies. Blockchain is solving these problems by:
- Creating tamper-proof transaction records
- Allowing all stakeholders to view the same shipment data in real time
- Reducing fraud and counterfeit risks
- Automating contracts with smart contracts, which trigger payments once certain conditions are met
📌 Example: Maersk and IBM partnered to create TradeLens, a blockchain-based platform that improves supply chain transparency and efficiency.