Trade, logistics and the blockchain
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.
Blockchain & Monitoring
With the help of the Elrond blockchain, suppliers, manufacturers, retailers, and consumers gain insight into information along the supply chain.
This means that the location of goods can be tracked in real time. Disruptions, delivery delays, or even delivery failures are detected in fast and efficiently. An appropriate response can be made promptly.
Sensors can be used to monitor goods. This ensures that perishable foodstuffs are optimally cooled and arrive on time, safely and ready to be processed.
Blockchain ist Just-in-Time
One major advantage of the Elrond blockchain is the permanent availability and up-to-dateness of data. This allows just-in-time concepts in production, logistics, and trade to be optimized.
Communication between market participants is simplified and standardized. Database failures and the associated production stops are a thing of the past.
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 failover 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.
“The team at Istari Vision is an important contact with whom we have been working for over three years now. We look forward to consolidating growth in Germany, Austria, and Switzerland with their support.”
Lucian Mincu • CIO Elrond
“There is great potential for blockchain technology. We’re excited to be ambassadors for Elrond and encourage adoption and participation in the Elrond ecosystem.”
Wolfgang Rückerl • CEO Istari Vision
More about the Elrond blockchain
The Elrond blockchain will revolutionize trade and logistics. We show you why!
Elrond is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate vulnerabilities of other blockchains. Actually, we claim that Elrond is the best blockchain technology in the world.
Would you like to learn more about the potential of the Elrond blockchain for your company? Our experts will be happy to advise you. Free of charge and without obligation.
Advantages of the Elrond blockchain
Let's talk about Elrond, trade and logistics.
Want to learn more about the potential of the Elrond blockchain for retail and logistics?
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