Companies, startups, as well as nonprofits are poised to go to market with blockchain-based products in greater numbers in 2021. The pandemic has ensured that there are always massive disruptions in global supply chains. This is one of the reasons why reshoring is now increasingly being considered. Reshoring means the repatriation of foreign production to the respective home country. Blockchain technology could speed up the processes in supply chains again. A well-known example of this is the Tradelens platform. The open, neutral blockchain-based platform digitizes global supply chains, ensuring transparency and optimal data exchange.
The entire administration is carried out via the blockchain at the click of a mouse, so to speak. This saves an incredible amount of time and costs. In the process, the Blockchain also helps to reduce environmental impact, as every year around 100 million empty containers are transported by sea, resulting in burdens of around 280 million tons of CO2 emissions.
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