[ad_1]
The adoption by companies of distributed register technologies, including the blockchain in the transport sector, has increased dramatically in recent years, due to the convenience and advantages for the user of disruptive technology.
The business world has seen a capillary spread of blockchain in the transport, pharmaceutical, financial, real estate and other sectors. A McKinsey report last year predicted that the rupture of the blockchain would be responsible for a commercial impact between $ 80 and $ 100 billion (€ 71-89 billion) by 2021. Up to 30% of current job roles in banks will be gradually eliminated by disruptive technologies by 2025. 80% of global banks have or are developing blockchain data strategies.
More than 85 percent of the world's road transport business transactions are conducted by members of the Blockchain in Transport Alliance (BiTA), a member-led organization that encourages the adoption of blockchains in the logistics. BiTA, the largest blockchain commercial alliance in the world, has almost 500 members in 25 countries, with annual revenues of over 1 trillion dollars (890 billion euros).
The advantages of the adoption of blockchain in transport as a means of transaction include:
- Reduced paperwork: minimizing the risk of loss or malfunction of paper forms and reducing the impact of a company on the environment;
- The ability to track transactions, audits, performance history and transportation capacity in real time;
- Simplified ability to issue and pay invoices;
- High levels of cryptographic security and better detection of fraud; is
- Decentralization – enhancing transparency and accessibility by opening businesses to consumers who may not have been willing or able to engage with traditionally applied systems.
Blockchain in the transport sector is witnessing an increase in the consortiums involved, from BiTA to the Global Shipping Business Network. Groups of freight and logistics companies are gathering to create distributed records, increase their technology and security credentials and save money by optimizing supply chain management processes.
In 2017, Saïd Business School, the department of business studies at the University of Oxford, launched a six-week online digital blockchain strategy course designed to prepare business executives for the upcoming adoption boom. blockchain in the transport, finance and other sectors. Led by Professor Nir Vulkan and fellow associate David Shrier, the course aims to teach entrepreneurs and innovators how and why to use blockchain, the potential effect of technology on business in the future; and how companies can adapt to emerging technologies.
