Blockchain Technology Revolutionizing Trucking
A blockchain is a complex digital ledger, capable of storing information, and many other things. They are able to track tangible and non-tangible assets, with out the risk of being corrupted. Carriers are using blockchains to track shipment information, as well as process orders immediately and efficiently. While the payments are instant and easy, the ledger also provides a much more reliable system of remembering transactions as well as inventory. According to the WHO, 420,000 people die each year from contaminated foods. By using this digital ledger, carriers can track contaminated shipments all the way back to the source. In Chipotles case, it took nearly 2 weeks to track the contaminated foods.