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Applicability Of Blockchain Technology In The Global Logistics Systems

Table 5: Applicable areas and practical applications of Blockchain technology in global logistics (Heng, 2021)

Area of Application Practical Applications
International supply chain logistics:Curtailing the spread of counterfeit goodsImportation of pharmaceutical goodsImportation of food IBM and Walmart cooperated to develop blockchain-based solutions regarding food safety. Walmart can now track produce in the supply chain from Chinese markets and fresh vegetables from its suppliers.Everledger used blockchain technology to track the origin of diamonds (to avoid the sale of blood diamonds), gems, jewelry, fine art, and wine, and also prevent the sale of counterfeit products
International trade logistics:Fulfillment of trade ordersTrade documentation IBM and Maersk launched TradeLens, a blockchain-based freight platform, to enhance the efficiency of digital management, reduce paper waste, unoccupied or mismatched containers, and fraud.
Customs clearance Tianjin Port Blockchain Verification Pilot Project was launched for trial operation in China in 2019 and achieved the incorporation of blockchain technology into international trade
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