From Pork to Diamonds: How Blockchain Is Making the Logistics Industry Transparent

The logistics and supply chain industry has been one of the main fields for Blockchain adoption in the past few years.

While Blockchain's potential to improve the logistics industry has already been academically proved, the number of industry players continues to grow.

What does Blockchain offer for the logistics industry?

A recent Deloitte report highlights the potential usefulness of Blockchain in the natural resource mining industry as well, mentioning that the technology efficiently accommodates the growing reliance on data and ensures transparency.

In 2017, Walmart and a group of food giants including Unilever, Nestlé, and Dole partnered with IBM to explore how Blockchain technology could benefit their food supply chains.

To test out the technology, Walmart used Hyperledger Fabric, an open-source Blockchain originally built by IBM. The food giant started to trace Chinese pork, and later used the technology to record the delivery of Mexican mangoes.

In late April, Yiannas made an announcement at the MIT Technology Review's Business of Blockchain conference, saying that Blockchain was able to shorten the time it took to track produce from six days to two seconds.

"Diamonds hold enduring value and represent some of life's most meaningful moments, so it's essential to provide assurance that a diamond is conflict-free and natural. By leveraging blockchain technology, we will provide an additional layer of assurance to consumers and industry participants, with every diamond registered on the platform having a record as everlasting as the diamond itself."

Further, in 2017, Blockchain in Transport Alliance, a consortium with the goal of popularizing Blockchain in the logistics industry, was founded.

BiTA educates its stakeholders on the application of Blockchain technology in the trucking, transportation, and logistics industries.