20 Industries Blockchain Technology Will Disrupt

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3. Logistics and Supply Chain Management

Blockchain could improve logistics and supply chain management by improving transparency across all stages of a product’s life. Each component could be traced back to its origin, which would improve quality and reduce the number of recalls. Moreover, since logistics and supply chain management are increasingly becoming more automated, blockchain could further eliminate the involvement of people in many processes, thus reducing the chance of a human error, increasing the speed of deliveries, and lowering transaction costs.

Biggest Logistics Companies in the World

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