

{"id":314,"date":"2018-11-07T14:01:39","date_gmt":"2018-11-07T13:01:39","guid":{"rendered":"http:\/\/www.sameday-delivery.co.uk\/courier-service-blog\/?p=314"},"modified":"2026-03-04T16:03:34","modified_gmt":"2026-03-04T15:03:34","slug":"how-could-blockchain-technology-impact-on-a-supply-chain","status":"publish","type":"post","link":"https:\/\/www.sameday-delivery.co.uk\/courier-service-blog\/how-could-blockchain-technology-impact-on-a-supply-chain\/","title":{"rendered":"How could blockchain technology impact on a supply chain?"},"content":{"rendered":"\r\n<p>It is essential to commit to understanding the latest\r\ntechnologies and how this could impact parcel delivery services.&nbsp; Whether you want a London courier service, or\r\na courier to Dublin, you need a company that understands global concerns.&nbsp; <\/p>\r\n\r\n\r\n\r\n<p>Blockchain and its many applications are certainly going to\r\nhave an impact on supply chains. Therefore, it is important to evaluate the\r\npotential opportunities and threats posed to logistics.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>What is blockchain?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>There are many people who may not have heard of blockchain.\r\nBlockchain is a tech that allows for information to be distributed without the\r\nchance of it being modified or replicated.&nbsp;\r\nFor this reason, it has become most readily linked with finance, as a block\r\nof data can represent monetary value, without worry of someone counterfeiting\r\nthe funds.<\/p>\r\n\r\n\r\n\r\n<p>The ideals of blockchain include making the service\r\naccessible to all.&nbsp; A lot of global\r\nsystems are not open to use in poorer countries.&nbsp; Therefore, most developed countries have an\r\nadvantage over others.&nbsp; Blockchain is a\r\nmeans of democratising information distribution.<\/p>\r\n\r\n\r\n\r\n<p>Each group of data is referred to as a block.&nbsp; This block is then added to a chain of other\r\ndata.&nbsp; As soon as the block is added it\r\nbecomes impossible to go back to edit previous blocks in the chain.&nbsp; Each block is available to view by all,\r\ntherefore allowing for ultimate transparent and verifiability.<\/p>\r\n\r\n\r\n\r\n<p>If you imagine it as a vast open document that can be viewed\r\nand edited by all, something similar to a Google Document, then you are getting\r\nclose to understanding blockchain <\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>What is the point of\r\ndeveloping new technology?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>You can argue that the world already has a complex system of\r\ninterconnecting technologies: why do we need to add blockchain? There are\r\nplenty of answers to this question, not least accessibility.<\/p>\r\n\r\n\r\n\r\n<p>Unlike traditional tech, blockchain does not rely on the\r\nfallible security of usernames and passwords.&nbsp;\r\nBlockchain is built using encryption, using public and private keys to\r\naccess data.&nbsp; You can literally store\r\nthese keys with your pen, known as a paper wallet, making it completely safe\r\nfrom hackers and other online security threats.&nbsp;\r\nThis key is a randomly-generated string of numbers that will never be\r\nreplicated with another user.<\/p>\r\n\r\n\r\n\r\n<p>Additionally, blockchain is not managed by a single\r\nentity.&nbsp; Millions of computers around the\r\nworld continually validate the chain.&nbsp;\r\nThere is no centralised version of the information, limiting the chance\r\nof corruption or hacking.&nbsp; It would take\r\na lot of computing power to override the wishes of all the users connected to\r\nthe entire network.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Blockchain and\r\nlogistics<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Supply chains are going to be impacted by the development of\r\nblockchain technology.&nbsp; This has been\r\ncalled the fourth industrial revolution, and all industrial revolutions have\r\nhad a powerful impact on the supply chain.&nbsp;\r\nFirst the canals, then the trains, then the computer and now global,\r\ndemocratic interconnectivity.<\/p>\r\n\r\n\r\n\r\n<p>One of the most exciting developments has been deployed\r\nsuccessfully by companies like Tesla.&nbsp; A\r\ndigital twin allows a company to produce a dynamic, digital representation of\r\nan asset and then track its past, present and future performance throughout the\r\nproduct&#8217;s lifecycle.&nbsp; This would allow a\r\ncompany to quickly reflect on efficiencies and innovations that could be made \u2013\r\nanywhere within the supply chain.&nbsp; It\r\nwould become like a digital passport that is stamped at each stage of the\r\ndevelopment and distribution of a product.&nbsp;\r\nIn short, blockchain could provide a practical data management service\r\nfor companies.<\/p>\r\n\r\n\r\n\r\n<p>Another development for logistics companies could be the\r\nopportunity to circumvent international borders to maintain a constant flow of\r\ncomplex information.&nbsp; The digital twin\r\ninformation can be shared with all stakeholders in the supply chain.&nbsp; <\/p>\r\n\r\n\r\n\r\n<p>There are current packages that attempt to give this level\r\nof transparency to all links in the supply chain.&nbsp; However, this is troubled by issues of Big\r\nData or handling large amounts of real-time data.&nbsp; It also relies on one organisation in the\r\nchain taking the lead and therefore reduces the democracy of access to data.<\/p>\r\n\r\n\r\n\r\n<p>Creating a digital twin allows data to be updated in\r\nreal-time, moving without friction across international borders, and therefore\r\nbuilding trust and cooperation between partners.&nbsp; Every link in the supply chain can review and\r\nreflect on performance data from the lifecycle of the product.&nbsp; <\/p>\r\n\r\n\r\n\r\n<p>Such information could allow collaboration across the chain\r\nto make more efficient and effective decisions \u2013 mainly when looking to improve\r\na delivery service.&nbsp; There is also talk\r\nof the possibilities of blockchain facilitating an automated supply chain \u2013\r\nsending out just in time requests literally spot on time.<\/p>\r\n\r\n\r\n\r\n<p>However, on a simple level, blockchain could simplify the\r\nmanagement of agreements and contracts, the tracking of products and the\r\nnecessary payment for services.&nbsp; As\r\ncomplexity often breaks most supply chains, blockchain could offer a simple way\r\nto seek an overview.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>What should UK\r\ncouriers take away from this?<\/strong><\/h2>\r\n\r\n\r\n\r\n<p>Blockchain has been troubled by its connection to Bitcoin\r\nand the volatility of the financial markets.&nbsp;\r\nHowever, this is just one, limited application of blockchain technology.\r\nThe potentials of blockchain continue to be explored by innovators and\r\ninventors across the globe \u2013 and are of interest to delivery services\r\nparticularly.&nbsp; <\/p>\r\n\r\n\r\n\r\n<p>There is a healthy interest in understanding how this\r\ntechnology can benefit most sectors, and a supply chain could be one that\r\nbenefits the most. With no central authority, with a chain of command built in,\r\nand a level of security that transcends 2FA: it is an exciting opportunity. <\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Blockchain: offering secure sharing of data across international borders with no central control. How can this help delivery services?<\/p>\n","protected":false},"author":2,"featured_media":309,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,28],"tags":[9,11,12,17,26],"class_list":["post-314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-courier-services","tag-courier","tag-courier-services","tag-parcel-delivery","tag-reliable-couriers","tag-sameday-couriers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How can blockchain benefit delivery services?<\/title>\n<meta name=\"description\" content=\"Blockchain: offering secure sharing of data across international borders with no central control. 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