Logistics Consortium created a concrete road for Blockchain

Logistics Consortium created a concrete road for Blockchain

Recently a Netherland based consortium decided to look into Blockchain to explore the possibilities of logistics and supply chain technology.This

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Recently a Netherland based consortium decided to look into Blockchain to explore the possibilities of logistics and supply chain technology.

This consortium includes 16 different companies, and it is headed by TKI Dinalog. A related report suggests that this consortium will look into blockchain so they can enhance the supply chain logistics while reducing the footprints of the supply chain in an intelligent manner. According to the member of this consortium, they have a simple goal that will narrow down the three uses for blockchain including circular economics and supply chain financing.

This report also said that all the member companies invested a huge sum of $2.3 million to initiate and have success in this effort. This consortium is first of its size because business never collaborated before to cultivate a system based on the blockchain logistics and solutions by the supply chain.

Martjin Siebrand, the finance manager for group’s supply chain, believe us of blockchain technology to enhance the financial routes in the logistics section is only a beginning. He believes it will become a stepping stone that will create a new path for the logistic sector. That new path will have better collaboration using this chain, and that will help the entire industry.

Similar words came from Johan Pouwelse as well who is a project manager at TU Delft which is one of the member companies in this Consortium. Johan believes this project is more about doing instead of talking about its potential and he also believes this consortium will transform the belief and words into reality.

However, the launch of this consortium is not unique one because another new report said two other similar consortiums also had increased the number of members in recent time. One of these two consortiums is Hyperledger project, this group has global reach, and eight new companies joined it. Another one is SBI holding blockchain Consortium, and Fukui Bank joined that as the newest member. This group is exploring the possibilities of using distributed ledger to enhance foreign exchange services for future growth.

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