CLDX: The logistics blockchain battle is coming. Will forwarders have to pick sides?

CoLoadX‘s Fauad Shariff writes: “Applying blockchain technology to the freight forwarding industry has been in development for some time now. The core function of the blockchain — a digital ledger made up of linked, secure records that is resistant to unauthorized changes — is tailor-made to address the complexities of the shipping industry. Since one piece of freight can pass through multiple hands, across many borders, and can be intermodal, the chances of documentation issues and fraudulent activity, and the delays that come with both, are high. Blockchain technology can not only help security in a freight transaction, but also increase transparency while optimizing each handoff in the supply chain.”