Blockchain technology is a game changer for the logistics industry. It significantly optimizes traceability and transparency for all companies along the supply chain and allows automated payments with lightning-fast transactions.

The Elrond blockchain for trade and logistics

The potential applications of the Elrond blockchain for trade and logistics are as diverse as they are visionary. You too can rely on the technology of tomorrow.

The blockchain regulates demand & surplus 

Food waste is a major challenge of our time – both in households and in retail. How can we do better? One example: Sensors in the warehouse detect perishable goods and, based on analyzed consumer behavior, do not expect them to sell out. The store releases the stock automatically via a sales order and offers it to neighboring stores at special conditions. This serves capacity bottlenecks, reduces storage costs, and counteracts the throwaway culture. All this can be realized with the Elrond blockchain.

Blockchain & automated payments 

Whether goods are transported by airplane, ship, train, or truck: all service providers along the supply chain want to be paid reliably. To ensure that this is the case, the blockchain technology eliminates intermediaries and enables direct transactions. This automates payment processes, reduces workloads, and optimizes administrative processes. 

Customs and tolls 

When importing goods, smart contracts can automatically book and pay customs duties. The import process is thereby considerably streamlined. This also applies to tolls in truck traffic: With sensor technology and M2M communication, tolls are paid automatically and bureaucratic processes are made significantly more efficient.

Blockchain & data and backup security 

Complex supply chains lead to the accumulation of immense amounts of data, including goods tracking, shipping documents, and proof of transfer of liability. With the decentralized distribution of supply chain data on multiple computers, the Elrond blockchain promises maximum data and failure safety.

Blockchain & liability 

The uniqueness of blockchain data ensures exact assignability. For example, when goods are handed over or transported, the liability for the goods is automatically transferred. In the event of damage, liability and insurance issues can be clarified quickly and reliably on the basis of blockchain data.

Istari Vision

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