How Technology is Transforming the Logistics Industry

Logistics has become a necessity for every segment of the industry. As the innovation takes center stage, the supply chain is increasingly becoming dependent on digitalization. Currently, every single day accounts for almost 85 million packages being delivered globally. Two major reasons behind the immense growth in the logistics sector are the e-commerce boom and an increase in worldwide demographics.

Logistics can be from any niche like transportation, manufacturing, information, distribution, storage, marketing and many more. They play a significant role in optimizing customer services and reducing costs. Hence, supply chains also need to be optimized through digitalization. Digital technology is bringing about a big transformation by increasing efficiency and reducing the consumption of energy.

Ways in Which Technology is Transforming Logistics Industry:

Implementing digital technology in an industry requires proper optimization and prioritization of goals. A 2018 survey across Chief Information Officers in transport...

Blockchain Technology

Overview of Cryptocurrency

You are in the digital era today. Cashless transactions and online payments are preferred over cash payments. Here is where emerged Cryptocurrency. Ever since the first transaction took place online it has been the talk of the town. Cryptocurrency is known to be a safe and secure way to complete online transactions.

Blockchain

We all know about bitcoin but no one knows that actuality, Bitcoin is just a subsection of Blockchain. Blockchain is the podium that allows Bitcoin and other cryptocurrencies to be swapped. In its elemental form, Blockchain is a devolved database system. Ledgers that store transaction data are spread across many nodes.

Inception of Blockchain

Blockchain was developed by Satoshi Nakamoto in 2008 for use of public transaction record in crypto-currency. The creation of the blockchain for bitcoin completes the principal digital currency to solve the...