blockchain

Blockchain potential in Transport and Logistics

Blockchain could become very useful in eliminating intermediaries in the supply chain and in improving collaboration with traffic authorities in the management of incidents and crises.

Blockchain can provide solutions today and in the near future in different areas, though in the case of transport it still has long way to go to become a useful technology.

This has been highlighted during the information day organised by the Center for Transport Studies in the Western Mediterranean, Cetmo, which seeks to deepen new practical applications in transport and logistics.

In the case of ports, this technology can make a big difference if the bill of lading is digitised, which would bring decentralisation, security and immutability and would significantly reduce the costs and risks in port operations.

In terms of electric vehicles, it can play a relevant role in both mobility and energy through smart contracts, which make management of last mile routes possible.

The application of this technology in the energy field is linked to the creation of solar communities that take advantage of the sun’s energy to complement their electricity consumption by creating community micro-networks. Taking advantage of this surplus energy to recharge electric vehicles, a really renewable source of energy for mobility would be created.

Open and decentralised mobility

In the transport sector, there are both small companies trying to gain market share and companies with a monopoly vocation. In this context, blockchain can contribute to the creation of an open, decentralised, multimodal and multi-provider mobility market.

Motorways, as well as roads in general, are undergoing a necessary process of digitisation that will help them address traffic growth, innovation in road technology and smart mobility.

Blockchain could be useful when eliminating intermediaries in the supply chain or for monitoring works, and to improve collaboration with traffic authorities in the management of incidents and crises. Finally, it will open the door to new payment systems that could be more accurate, applying discounts according to the weather or the state of the roads.

In the more immediate present, the processes have begun to have an impact in areas such as freight transport and logistics, thanks to the reduction of procedures, while in passenger transport, they do not cause prominent disruptions.

Source: Cadena de Suministro