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2/19/2025 12:09:59 PM (GMT+1)

How blockchain affects cross-border logistics

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Blockchain technology significantly changes international logistics by improving transparency, security, and efficiency of supply chains. It allows tracking every stage of goods movement, providing accurate real-time data and eliminating the possibility of falsifications.

Benefits:

  1. Transparency: All data about goods movement is available on the blockchain, increasing trust among participants in the supply chain.
  2. Cost reduction: Automation through smart contracts minimizes intermediaries and reduces administrative costs.
  3. Security: Data is protected from attacks due to the decentralized nature of blockchain.
  4. Speed: Processes such as customs procedures become faster due to automation and standardization.

Implementing blockchain technology in logistics helps reduce costs, speed up operations, and increase the reliability of supply systems.


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.



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