LearnHub getAbstract
Resolving the Blockchain Paradox in Transportation and Logistics
Article

Resolving the Blockchain Paradox in Transportation and Logistics

Andrew Schmahl, Sanjaya Mohottala, Kaj Burchardi, Camille Egloff, Jacqueline Govers, Ted Chan and Markos Giakoumelos
Boston Consulting Group, 2019
Read the article

Read, Listen, or Discuss

Amazon Kindle  Discuss
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×

Editorial Rating

8

getAbstract Rating

  • Analytical
  • Applicable
  • For Beginners

Recommendation

Imagine a transport and logistics (T&L) industry uncluttered by checks and balances but just as reliable. That’s the vision of a team of Boston Consulting Group analysts, who make a strong case for why the T&L industry must resolve the trust paradox preventing it from adopting blockchain solutions. The technology could help your company cut costs and improve profit margins while operating better and faster.

Summary

A blockchain paradox afflicts the transportation and logistics (T&L) industry: Blockchain’s distributed, transparent ledgers could ease the distrust hampering industry collaborators, but that very distrust prevents them from embracing a blockchain solution. A 2018 survey of T&L business leaders showed that while most believed blockchain would reshape their industry in two to five years, 74% of them have considered blockchain solutions only “superficially” – or not at all. The executives cited poor industry coordination, a lack of in-house know-how and insufficient understanding of blockchain as barriers to adoption. In truth, blockchain...

About the Authors

Andrew Schmahl, Sanjaya Mohottala, Kaj Burchardi, Camille Egloff, Jacqueline Govers, Ted Chan and Markos Giakoumelos are professionals with the Boston Consulting Group.

Comment on this summary

More on this topic

By the same authors

Seven Trends at the Frontier of Blockchain Banking
Report

Bernhard Kronfellner et al.

Seven Trends at the Frontier of Blockchain Banking
Revisiting the China Opportunity
Article

Ted Chan et al.

Revisiting the China Opportunity

With the global economy in flux, companies must rethink their ways of doing business in China if they hope to keep current with the world’s largest contributor to GDP growth.
The First All-Blockchain Insurer
Report

Roberto Bosisio et al.

The First All-Blockchain Insurer

    Learners who read this summary also read

    What Problems Will You Solve with Blockchain?
    Article

    Teppo Felin and Karim Lakhani

    What Problems Will You Solve with Blockchain?

    Before jumping on the bandwagon, companies need to carefully consider how ledger technologies fit into their overall strategy.
    A Reality Check for Blockchain in Commodity Trading
    Report

    Antti Belt and Steven Kok

    A Reality Check for Blockchain in Commodity Trading
    How Blockchain Could Shape International Trade
    Article

    Rebecca Liao

    How Blockchain Could Shape International Trade

    Financing the Supply Chain
    What Every Investor Needs to Know About Blockchain
    Report

    Tawfik Hammoud et al.

    What Every Investor Needs to Know About Blockchain
    The Blockchain and the New Architecture of Trust
    Book

    Kevin Werbach

    The Blockchain and the New Architecture of Trust
    Does the Crypto Crash Mean the Blockchain Is Over?
    Podcast

    Stephen J. Dubner

    Does the Crypto Crash Mean the Blockchain Is Over?

      Related Skills

      Digitale Transformation
      Discover and Understand Digital Technologies
      Implement Digital Infrastructure
      Supply-Chain-Abläufe managen
      Markt-Insights nach Branchen
      Produktion und Logistik
      Zukunft der Transport- und Logistikbranche
      Transport- und Logistikbranche Herausforderungen
      Transport- und Logistikbranche
      Lieferketten-Logistik optimieren
      Lieferkette transparent machen
      Implement Blockchain
      Discover and Understand Blockchain