Contribution of Blockchain Applications on the Economy in Global Logistic

Abstract

After Industry 4.0, ,innovations in Logistics 4.0 are increasing day by day, while human intelligence adds a new one to innovations in international transportation. Nowadays, the implementation of Blockchain platforms in the supply chain in the global market is strengthening the supply chain's weak links. With the smart contracts that will accelerate the global market logistics, everything from the cargo shipment to the payment methods on the internet is transparent, making the work of the supply chain actors accountable and reliable. The aim of this research is to investigate the contribution of Blockchain to the economy in global digital commerce and logistics.

Keywords: Blockchain, Industry 4.0, Logistics 4.0, Supply Chain.

DOI: 10.7176/JSTR/5-10-13