Blockchain has the potential to increase the efficiency and transparency of supply chains with the benefits felt from less time in warehouses, to speed of delivery along the supply chain, to speedier payment of suppliers and delivery to the end consumer.
By way of example, a shipping container of flowers from Mombasa, Kenya, to Rotterdam in the Netherlands was tracked, and found to go through, and required a sign-off, from more than 30 different organisations, with over 200 separate communications. Any misplaced paperwork or delayed approval could hold up the container in port for an undefined period of time, or perhaps lose it altogether, and the entire process could take more than a month.
In this example, blockchain would record the transfer of the flowers throughout the shipment. Every time a pallet is moved, a container filled, or delivery attempted, it would create a record available for all parties to access. This provides an indisputable digital trail where all
