Accenture Global Solutions, a professional consulting giant, adopting the blockchain technology for its shipping logistics services.
The US Patent and Trademark Office, recently, published a document on 26th July 2018 which stated that the system would determine few certain features for the items that might be transported and the system would store those features on a blockchain. The planned system would trace the things as they’re transported from one place to different by using the info hold on the Blockchain to verify each of the condition and the position of the item.
Devices, be it unscrewed aerial vehicles or robots, would be utilized by the network to verify the integrity of the things as they’re shipped to their varied destinations. The data would be compared with the standing to the things already hold on the ledger.
As the item generates within the trip, if the device with success verifies the item by matching its data, thereupon, hold on the blockchain, the item would be enraptured on to continue its trip or is enclosed for an extra producing method. However, if the verification is unsuccessful, the device might provide an order that the system either halt the trip or come back the item.
This would alert everybody, concerned with the shipping method that regulates the item. The system might probably need a gathering or request for an investigation of the item to envision if it had been altered or tampered.
Though this can be not the primary time blockchain would be adopted for shipping provision, however, it is the primary of its application for Accenture.
Coin Desk reported in 2017 that Banco Bilbao Vizcaya Argentaria (BBVA) has collaborated with Blockchain company Waves to produce a distributed ledger technology (DLT) platform for shipping solution. In 2017, it was also mentioned that the Samsung piloted a blockchain application that purposes for tracking and recording shipping documents and logistics connected to exports/imports.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]