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    Block Chain: The Distributed Ledger of Information. in Easier Words It's A Record Book

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    F13 NIEC
    Blockchain is a distributed ledger that records digital information transparently and securely without a central authority. It was originally developed for the cryptocurrency Bitcoin and improves trust in transactions by making block information resistant to tampering. When applied to logistics, blockchain creates a trusted shared environment through an immutable record of transactions, enabling automation and real-time visibility of processes across parties.

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    Block Chain: The Distributed Ledger of Information. in Easier Words It's A Record Book

    Uploaded by

    F13 NIEC
    28 views2 pages
    Blockchain is a distributed ledger that records digital information transparently and securely without a central authority. It was originally developed for the cryptocurrency Bitcoin and improves trust in transactions by making block information resistant to tampering. When applied to logistics, blockchain creates a trusted shared environment through an immutable record of transactions, enabling automation and real-time visibility of processes across parties.

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    Blockchain is a distributed ledger that records digital information transparently and securely without a central authority. It was originally developed for the cryptocurrency Bitcoin and improves trust in transactions by making block information resistant to tampering. When applied to logistics, blockchain creates a trusted shared environment through an immutable record of transactions, enabling automation and real-time visibility of processes across parties.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    28 views2 pages

    Block Chain: The Distributed Ledger of Information. in Easier Words It's A Record Book

    Uploaded by

    F13 NIEC
    Blockchain is a distributed ledger that records digital information transparently and securely without a central authority. It was originally developed for the cryptocurrency Bitcoin and improves trust in transactions by making block information resistant to tampering. When applied to logistics, blockchain creates a trusted shared environment through an immutable record of transactions, enabling automation and real-time visibility of processes across parties.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 2

    • Blockchain, invented by Satoshi Nakamoto, is a distributed database technology that BLOCK

    holds records of digital information with transparency, security and works without a
    controlled central organ. CHAIN
    The distributed ledger of
    • Originally developed as the accounting method for the virtual currency Bitcoin. Information. In easier
    Words it’s a Record Book.
    BLOCKCHAIN IN LOGISTICS

    • Because transaction data on the blocks cannot be altered or forged,


    the transaction information is very trustworthy.
    • By adopting smart contracts which can automate transactions under
    certain conditions, you can significantly improve the speed of work.
    • In logistics, numerous parties are involved to perform the tasks,
    There is also no way of knowing what tasks or processes the other
    party is working on in real-time, unless you make a call or send an
    email. However, blockchain technology creates a trusted
    environment by making sure that transaction information on blocks is
    resistant to forgery or modification.

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