Defined as distributed ledger technology, blockchain finds its utility in recording transactions between parties in a permanent and secure manner. If you were using third parties to verify, coordinate and record transactions then Symbyotic’s Blockchain in Logistics Application can effectively remove this need. Symbyotic helps you move from a centralized to a distributed and decentralized system, and our Blockchain in Logistics Application helps disseminate data.
Blockchain Application, though a fairly new concept is gaining prominence in the media as well as the corporate. It gained popularity because of its ability to potentially improve trade in the global market by reducing paperwork and bureaucracy. Digital identities, micro-payments, certificates and tamper-proof documents can all be introduced and improved using blockchain applications.
To achieving excellence in logistics Symbyotic’s Blockchain in Logistics Application helps you work collaboratively with others so that the flow of physical goods is optimized. We also ensure that financial transactions remain smooth. The trapped value in logistics is significant due to the competitive but fragmented nature of the logistics industry. It is estimated that over 500,000 individual trucking companies exist in the US alone. Such a large number of stakeholders results in unstandardized processes, low transparency, diverse levels of technology adoption and data silos. Symbyotic’s Blockchain in Logistics Application helps you overcome all these shortcomings.
Sometimes you may have had to rely on paper-based documentation and manual data entry to adhere to customs processes. Added to this is difficulty in tracking the status of shipments which may cause friction in global trade. Symbyotic’s Blockchain in Logistics Application helps you to overcome these frictions in logistics, thus leading to substantial gains in logistics.
Further this technology leads to data transparency which creates a trust. Some additional benefits of Blockchain in Logistics Application is that it can save cost by powering more automated, leaner and error-free processes. Symbiotic’s Blockchain in Logistics Application adds predictability and visibility to logistics operations. Therefore, it accelerates the flow of goods. Product counterfeiting can also be tackled through Blockchain in Logistics Application.
Having understood the potential of Blockchain in Logistics Application in lending businesses a headway into a new era of up-market technology and drawing immense benefits from it, we are sure that you would want to make it a part of your business very soon. Symbyotic’s Blockchain in Logistics Application development services can cater to all your needs in the most efficient and effective manner. So become a part of new era technology today with Symbyotic’s Blockchain in Logistics Application.