Warwick from BeefLedger explains what blockchain technology is, how it works and how blockchain solutions are being applied to real world import export shipments. Blockchain technology has the potential to revolutionize Global Trade and the import export process. Warwick discusses how blockchain technology applications are providing value for all parties along the supply chain, from shippers, freight forwarders, ports, customs, shipping lines and importers all over the world.
Implementing blockchain throughout the supply chain will eliminate manual data re-entry, eliminate human error and increase security. It also provides the base for smart contracts to initiate events such as International payments when certain conditions are met.
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