Gartner - The CIO’s Guide to Blockchain 2019

More than $4 trillion in goods are shipped globally each year. The 80% of those goods carried via ocean shipping creates a lot of paperwork. Required trade documentation to process and administer all the goods is approximately one-fifth of the actual physical transportation costs.

Last year, a logistics business and a large technology company developed a joint global trade digitalization platform built using blockchain technology. It will enable them to establish a shared, immutable record of all transactions and provide all disparate partners access to that information at any time. Although the distributed, immutable, encrypted nature of blockchain solutions can help with such business issues, blockchain can achieve much more than that.

Large companies looking to explore new disruptive business opportunities need to think beyond efficiency gains. And to do so, they need real blockchain solutions.

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