1 / 8

Lars Winkelbauer - The Impact Of Blockchain On The Air Cargo Industry

The most notable achievement was the advancement in the field of technology. Of the many changes that have been brought about, blockchain is affecting a number of industries for a variety of different reasons. Read Lars Winkelbauer - Understanding The Role Of Blockchain In the Evolution Of Air Cargo to learn more

Larswinkelbauerai
Download Presentation

Lars Winkelbauer - The Impact Of Blockchain On The Air Cargo Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Lars Winkelbauer - The Impact Of Blockchain On The Air Cargo Industry

  2. The air cargo industry is one that deals with the transportation of a variety of goods by air. The industry is quite busy and ships a huge amount of goods on a regular basis. During the pandemic, we saw a number of changes. The most notable achievement was the advancement in the field of technology. Of the many changes that have been brought about, blockchain is affecting a number of industries for a variety of different reasons. Read Lars Winkelbauer - Understanding The Role Of Blockchain In the Evolution Of Air Cargo to learn more.

  3. Some consider blockchain technology to be among the most cutting-edge innovations in recent years. It is useful for storing a huge quantity of data in a secure way. A blockchain essentially has a number of features that make it all the more unique. These features are as follows:Decentralization: A blockchain does not have a central authority that will govern its functioning. Instead, it has an interconnected network of multiple systems.Encryption: The algorithm of a blockchain encrypts all the data that is stored within, making it hard to bring about any changes.

  4. Integrity: The data stored in a blockchain is hard to change and cannot be altered with much ease, which makes the system quite trusted.Transparency: Those belonging to the blockchain network can easily view the stored data.

  5. These features hold much importance when it comes to the air cargo industry. If blockchain is put to use in the air cargo industry, it will benefit the industry in the following ways:Efficiency: The air cargo industry system will become more efficient with the use of blockchain. It can help manage a lot of processes with ease. Resource conservation: The implementation of blockchain in the air cargo industry can help save a number of resources. It includes those that are used throughout the process. It may account for not only material resources but also resources such as time and cost.

  6. Reduction of error: When human resources are involved, the chances of error being present are greater. With data being stored in a secure system, the chances of error and alteration are greatly reduced. Predictive analysis: The data stored in the system can be used to predict a number of things. This might have an impact on a lot of things, such as maintenance. Increased customer satisfaction: Customers appreciate when they can keep track of their goods and packages. Hence, setting up a system that allows them to keep track of those goods in real time can greatly help.

  7. Sustainability: The air cargo industry produces a lot of data on a regular basis, dealing with which cannot always be quite convenient. This is almost directly proportional to the amount of pollution that is caused by keeping track of the data in the form of paper documentation. Shifting the focus to the ways of storing data digitally can significantly contribute to sustainability. If you are someone who is interested in topics such as technological development and sustainability, you might want to read the blog Overview of AI in Logistics. SOURCE CREDIT : https://larswinkelbauerai.blogspot.com/2024/01/lars-winkelbauer-impact-of-blockchain.html

  8. THANK YOU FOR WATCHING

More Related