Using Blockchain: Shipping and Supply Chains

Blockchain for Business (2 of 7)

Hi there!

This time weā€™re talking about blockchain technology.

Itā€™s tamper-proof and currently used mostly in cryptocurrency, but
there are many new applications in the pipeline that you can use in
your small to medium business.

In our last email, we looked at proof of identity, which is far more
secure with blockchain than with traditional methods.

Today weā€™ll discuss your shipping process and your supply chain.

The shipping process is often bogged down with tons of paperwork,
especially if you deal with overseas suppliers.

Providing essential information through the blockchain can eliminate
much of that paperwork.

Besides that, tracking the shipment through blockchain allows you to
instantly know if there is a delay in the shipment and to react in a
timely manner.

The fact that blockchain is a tamper-proof technology is invaluable in
your shipping process.

Thereā€™s no way for a supplier to claim they shipped an item if they didnā€™t,
or to claim that your products were late arriving.

Youā€™d be doing yourself a favor if you looked into blockchain technology
for your shipping process.

And since youā€™re validating your products and your supply chain with
blockchain, why not extend that verification to the whole supply chain?

This way you can track where each part of your product is coming from
and prove to customers that your businessā€™ supply chain is clean.

Ethically conscious customers will be happy to purchase products that
had nothing to do with child labor or inhumane working conditions.

Environmentally savvy customers will appreciate your proof that the tuna
you sell is harvested sustainably or that your paper products really are
recycled.

In our next email, weā€™ll look at intellectual property and
advertising.

Until then,

šŸ· WUPPLESĀ®

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