The key to ensuring the timely delivery of goods is to gain visibility of their location and condition from the time they leave the factory until they arrive at the customers warehouse or end-point delivery. Some of the challenges faced by companies include regulatory pressure on trade and operational costs arising from late deliveries and second deliveries, plus loss, theft or damage to the goods themselves. Technologies exist to solve problems intrinsic to the sector, such as risk management. In addition, these technologies offer added value to clients and consumers on top of the product itself. In particular, the combination of Blockchain and Big Data applications allows for asset traceability, visibility and transparency, such as cargo as passes through the entire chain:
- Risk management via Blockchain as guarantor of information veracity.
- Traceability, as added value for the end customer or consumer, providing accurate information on the origin of the product and its processing.