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Technology

How can the Blockchain technology benefit Logistics industry?

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With a world that is more connected on daily basis, blockchain technology will inherently develop into a symbiotic relationship with Internet of Things and the latest advanced logistics and supply chain management system. The most important advantages would be transparency to customers as there is a huge network of retailers, transporters, distributors stand between the customers and products. It will also ensure greater security to identify any attempted fraud more easily. Auditors will find it easier to understand the whereabouts of items and resources.


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