Logistics

The blockchain technology promises to bring new forms of innovative management to the logistics industry in Italy, and this will help in getting rid of the traditional and centralized way of doing things, and further help in identifying and testing new organizational models and new ways of engendering value in this sector.

According to the Polimi Observatory data, the most active firms are financial companies with 48%, public administration (PA) with 10% and 8% for logistics operators, but a lot still needs to be done: 60% of the total companies do not have a dedicated budget, and just 2% of them consider blockchain technology as a major priority.

The transport and logistics industry in Italy is trying to integrate its operations with blockchain technology. Boston Consulting Group (BCG) believes that in order to achieve this, it is very important for all actors in the industry to collaborate in the formation of the system that will bring confidence and mutual benefits on the entire value chain.

Russia has always taken financial technology cautiously and regarded it as a very unstable and volatile thing. However, Gazpromneft-Aero and S7 Airlines finally took a risk and implemented blockchain in their field. The new technology helps to improve processing time and efficiency during aviation refuelling.

Particl foundation is a Swiss non-profit organization registered in ZUG (July 2017) with help from the law firm (MME). The partnership with MME has enabled Particl deployment of funding and logistics ensuring a safe development - the open-source project is building privacy-focused decentralized applications.

The African continent will provide a fertile ground for blockchain innovation in the future as the technology has been spreading like wildfire with many countries embracing it. Blockchain can progress with unusual rapidity economic empowerment,  mitigate fraud, offer safe protocols for entrepreneurs  and transform logistics operations.

Blockchain technology will bring a breakthrough to the financial sector, a revolution in logistics and disrupt energy market: such headlines have become commonplace in mass media. But will blockchain use be limited to these sectors? Education and science is one of the markets which is rarely mentioned when speaking about blockchain but which badly needs characteristics of this technology: data unalterability, verifiability and accountability.

Frederick Smith,  Chairman and Chief Executive Officer of U.S. Logistics giant FedEx, is more zealous on his commitment to clasping blockchain technology as one major way for the long-existing company to maintain its position in a vigorously changing digital world.

Famous South Korean giant Samsung Electronics Co. is considering the implementation of blockchain tech in order to supervise the company’s supply channels around the world. The Asian manufacturer could become one of the first to deploy the financial technology behind cryptocurrencies.