Our customeris a leading logistics-based shipping company that operate primarily in the US. For logistics companies, it is very important to manage the recording and tracking of sources because they have to manage hundreds of containers, shipping routes, and records of workers every day. Our task is to provide solutions to our clients, to optimize blockchain-based supply chain management, record storage and source tracking and the main feature behind this ability to increase transparency is the hash function.
The goal of our customer in shipping and Logistics Company is to transport goods from point A to point B in a safe and timely manner. However, when really doing this, they face many problems like Shipments lost, damaged, or delayed too often due to confusion in the chain of supervision. Therefore, their documents must be faxed or scanned which is not safe and lengthy process too. Because of this out-datedand time taking process, there is a high risk of "pen and paper changes," when someone changes the document, and no one knows who did it, or why the document was changed. Finding out this is the main problem faced by our client and so they wanted to have a solution to help with a blockchain solution that has the potential to make shipping more transparent, reliable, and safe.
Ourclient was looking for a solution that can improve their Delivery Process Efficiently
- Applying Blockchain technology can also help the Cargo business monitor their products in a very efficient way. In addition, even better, they can do it at the micro level with Inventory Tracking.
- Increasing Shipping Process Efficiency with Blockchain technology can change and improve shipping and shipping where cargo companies can utilize the power of technology to improve the shipping process; both local and international.
- Better transparency that can improve supply chain transparency and of course, overcome the problem of integrity and credibility and the biggest advantage of this revolutionary technology for transparency is that it will help build trust between companies.
As our customer waslooking for a strong solution for their cargo shipping logistics platform and we recommended them to implement the Blockchain technology solution provided by Fusion Informatics to bring transparency and trust in the management of cargo shipments. Keeping this all in mind, we provided and implemented Blockchain solution, which helped to connect our clients’ customers, orders, operators, payments in real time, including end consumers, with their delivery status in real time, expected delays and delivery times. Transparency is the key, there are no more phone calls, emails, or dependence on anyone's trading partner system as a source of truth. Finally, we planted blockchain platform and provided solution for our customer that benefits their supply chains and the sea transportation sector in particular.
- Reducing paper-based processes
- Reducing waiting time
- Transit time is faster
- Transparency across processes and company boundaries
- High accuracy
- Fast processing time and real-time updates
- Full Transparency
- Security increases
- Delivery on time
- Cost savings
- Easier access to markets
The results showed a drastic increase in Transparency and Improved security for Shipping and record keeping. An additional advantage of our design is considering constraints such as fast processing time and real time updates, full transparency, improved security, on time delivery, and Cost Savings in their Cargo shipping business. This results in more orders being fulfilled in a shorter period of time. Feedback from managers shows that the efficiency of all Cargo logistics arrangements has increased after following our blockchain-based soultion. The most important is our neutral blockchain-powered platform built to support global trade - major shipping and logistics players benefit from a shared ledger that updated and validated instantly with each network participant. The result is better collaboration, efficient inventory managers
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