Blockchain technology is in the process of revolutionizing the FinTech, real estate, and other industries, but it is also prepared to disrupt the supply chain. The shipping industry, while it keeps the global economy afloat, is riddled with inefficiency that directly impacts businesses and consumers. Shipping needs to move forward – so blockchain is just the push it needs.
A Bit of History
Before looking to the future, it’s essential to examine the past. Decades ago, trains were the go-to method for relocating goods. Railroads are stationary, so it was easy to track their comings and goings as well as load them with vast amounts of cargo.