Poll: One Third of German Logistic Managers Think Blockchain Will Improve Supply Chains

More than a third of German logistics managers consider that blockchain technology has the potential to considerably enhance cooperation in supply chains, as per a Hermes survey reported Nov. 12.

The survey polled contestants on which technologies they believed were important for enhancing cooperation within the supply chain. 35 percent of respondents recognized the significance of blockchain, while 33 percent stated that big data is significant.

Participants also stated the significance of Cyber-Physical Systems (56 percent), Enterprise Resource Planning systems (46 percent), and sensor observing and data acquisition systems (44 percent).

In huge companies — precisely in companies with more than 250 employees — the estimate is even higher, with half of all the managers mentioning blockchain technology’s potential in the industry. The poll states that the changes will go well beyond the “normal” digitization procedure.

The survey also reflects that three-quarters of German companies believe that cooperation will be vital to increasing supply chain proficiency in the future. As per the report, blockchain technology “is regarded to have great potential in this context. “

More than half of respondents from larger companies consider that crypto technology is increasingly vital for enhancing data security in the collaboration process. One-third of logistics managers from small companies imagine the technology to be a valid security development.

Information about blockchain technology is scarcer in smaller companies. 42 percent of the managers from larger companies have touched the technology, while only 21 percent of all respondents have done the same.

Interest in implementing blockchain technology for the logistics industry is on the rise. Lately, nine major terminal operators and shipping companies engaged a Memorandum of Understanding (MoU) to introduce an open blockchain-related podium.

Source Link:- Blockchain Will Improve Supply Chains

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Created on Nov 19th 2018 05:34. Viewed 543 times.

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