The Logistics Industry Embraces New Technologies: An Open Blockchain Journey

In recent years, despite the rapid growth of China’s traditional logistics industry, there are still some problems that have not been solved, such as low efficiency, information leakage, frequent packet loss and the long-term logistics chain, resulting in insufficient utilization of resources. At the same time, the gradual disappearance of the demographic dividend has also made this traditional industry, which is highly dependent on manpower, facing severe challenges.

 

The logistics industry can be said to be a national economic support industry. From 2009 to 2017, the proportion of China’s total social logistics expenditure in GDP fell from 18.1% to 14.6%, but there is still a big gap compared with 10% in developed countries. Improving logistics efficiency and reducing logistics costs have become the goals that governments, logistics companies and their customers strive to achieve.

In addition, the logistics chain typically spans many steps and hundreds of geographic locations. This will make it increasingly difficult to track events throughout the chain. Due to the lack of transparency, illegal activities along the route have become very difficult.

“In the face of new markets, new challenges, ‘the world’s largest logistics market’ will rely on the effective application of advanced technologies such as blockchain, big data, artificial intelligence, etc., to greatly empower the logistics industry and provide new logistics scenarios, which is also The general trend of transformation and upgrading of the logistics industry,” said the head of the OPT team.

When the tuyere is really coming, what should we do?

Blockchain solves key problems and promotes logistics industry development

Although the logistics industry is entering a stage of rapid development, it faces many challenges. We know that the current logistics network has many shortcomings in terms of transparency, security and efficiency. The problem of “black goods” has occurred from time to time. The delay, loss, damage, capital and safety of the goods plagued the participants of each logistics activity, posing a huge hidden danger to transportation.

The head of the OPT stated that the blockchain has the potential to solve all of the above problems. Relying on blockchain technology, it can record and transmit capital flow, logistics and information flow reliably and reliably. The logistics industry utilizes the blockchain infrastructure to optimize resource utilization, compress intermediate links, and improve overall industry efficiency. Our team is also actively promoting the practical application of blockchain technology in the logistics industry.

So what is OPT? What are they doing?

It can be said that it is the first blockchain solution that provides simple, low cost, high efficiency, safe and reliable for the entire logistics industry. The team is composed of elites with decades of industry experience in the logistics industry and technology. They use the blockchain core technology to solve the industry’s pain points and build a good logistics ecosystem.

Deep Integration, Welcoming Subversive Innovation

OPT is a public chain designed for the logistics industry based on the EOS underlying technology. It realizes the whole process of traceability and traceability of the logistics process, ensuring the responsibility of each link and seamless delivery.

At present, OPT focuses on multiple scenarios for key applications of blockchain. For example, in logistics tracking, logistics can be monitored and tracked throughout, and abnormalities can be followed up and processed in a timely manner. In process optimization, blockchain-based The reconciliation platform solves the settlement problem of the logistics platform; in the aspect of logistics credit, it uses the blockchain technology to solve the industry pain points, establishes the credit industry ecology of the logistics industry through the blockchain, and builds the credit enhancement by means of subject credit + data credit. The risk control system provides real and effective data for financial institutions and insurance businesses.

With the mission of advancing intelligent logistics, OPT uses blockchain technology to break the data islands of the logistics industry and maximize data mobility and value. At the same time, encryption technology and authorization technology are used to ensure data security and privacy. Improve the efficiency of the entire industry and lower the threshold by leveraging the value of the data.

In addition, breaking the data island and realizing the liquidity of data can make the logistics industry’s division of labor cooperation flourish. Third-party service businesses such as insurance, mortgage, financing, big data analysis, and strategic consulting will all benefit from data sharing. Industry digitalization is the foundation of intelligence, and the liquidity and value of data is an intelligent booster.

The head of the OPT team said: “In the future, as the application of blockchain technology in the logistics and supply chain fields matures, the deep integration of the two will hopefully solve the problems in the logistics field and promote the traditional logistics industry and the new generation of information. The organic combination of technologies drives and completes disruptive innovation in global supply chains.”

When the wind is really coming, what should we do? I think time will give us the answer.

Media Contact
Company Name: Brink Asset PTE. LTD.
Contact Person: Jolly Wei
Email: Send Email
Country: China
Website: www.brinkasset.com