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Lars Winkelbauer -Transparent Air Cargo Supply Chain with Blockchain Technology

Blockchain is a greatly talked about technology. It is being actively sought after. There are numerous reasons as to why blockchain is becoming so popular. The air cargo industry can significantly benefit from integrating blockchain into its system. Read more about the air cargo industry in the blog Lars Winkelbauer Ensuring Integrity in Air Cargo Data Management Using Blockchain.

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Lars Winkelbauer -Transparent Air Cargo Supply Chain with Blockchain Technology

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  1. LARS WINKELBAUER - BUILDING A SECURE AND TRANSPARENT AIR CARGO SUPPLY CHAIN WITH BLOCKCHAIN TECHNOLOGY

  2. Blockchain is a greatly talked about technology. It is being actively sought after. There are numerous reasons as to why blockchain is becoming so popular. The air cargo industry can significantly benefit from integrating blockchain into its system. Read more about the air cargo industry in the blog Lars Winkelbauer Ensuring Integrity in Air Cargo Data Management Using Blockchain.

  3. Some of the various benefits offered by blockchain include the following: • Increased efficiency: Blockchain significantly adds to the storage of data. It makes the entire process far more efficient. It saves the effort that goes into keeping up with suitable storage of the data. • Security of data: The data stored in a blockchain is protected by encryption. The encryption algorithm does not allow anyone to simply view or make any changes to the stored data. • Prolonged storage of data: Blockchain is a network of various interconnected systems; the data that is stored on the virtual network does not degrade with time, like physical documents and data.

  4. Space efficient: Blockchain technology makes use of a virtual network in order to store a given set of data. It is quite space efficient because, unlike physical documents, it does not take up as much space. • Efficient data integration: Blockchain greatly adds to the efficient integration of data. Especially in a system for industries where data is quite sensitive and generated in a huge amount on a regular basis. • Streamlining of storage: The use of technology such as blockchain allows for the streamlining of the storage of data. If data is randomly stored on various systems without being streamlined. It might lead to confusion and repetition of the data.

  5. Better data management: Having one source of data that allows all to access and share resources from a common base help. It can allow one to have a better data management experience. If one has to retrieve data from different sources and at different times for the required reasons. It might lead to much confusion and waste of resources such as time. • Transparency: Those who have access to the virtual system set up by a blockchain can easily view and store data. Since all have access to a common source, it adds to the transparency of the processes that are carried out. • Increased trust: When data is stored on a blockchain, it is usually encrypted. Encryption makes it tough for anyone to change or alter the data in any way. Since this process is quite straightforward, it adds to transparency. It also increases trust amongst those involved in an industry.

  6. Conclusion Blockchain is a decentralized network of systems that stores data securely. These keep things transparent. It allows for a number of benefits that can significantly add to customer satisfaction. These features make it one of the best developments of recent times. If you find yourself interested in topics related to sustainability and technology. Make sure to check out the numerous informative blogs by Lars Winkelbauer. Source Credit: https://sites.google.com/view/larswinkelbauer/home/lars-winkelbauer-building-a-secure-and-transparent-air-cargo-supply-chain

  7. THANK YOU FOR WATCHING

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