IBM and AOS working on Blockchain-based solution for Colombian logistics industry

IBM is working with Colombian company AOS to create a solution based on IBM Blockchain and Watson IoT that will enhance efficiency and visibility in the logistics and transport industry. In a statement issued yesterday (21 June), IBM said: “Traditionally, supply chain transactions are completed manually, creating delays and a higher risk for recording error, which can cause differences between what was recorded and what was actually loaded. By digitizing this process using blockchain and IoT, the relevant information is captured directly from the sensors placed on the trucks, and entered onto the blockchain, creating a single, shared repository that all authorized participants can access and which can only be altered with consensus from all parties.

“With the solution, once the truck leaves the distribution point, an automatic message is sent to the customer, informing them about the load, weight and estimated time of arrival. If part of the delivery is returned, the invoicing can be automated depending on the actual load delivered. Also, through the sensors located on the trucks, an information repository is generated using IoT and blockchain, which tracks all the exchanges, stops and transactions made by each truck and its respective load, from the distribution point to the final customer.”

According to IBM, the system will increase the level of transparency in the supply chain – which will in turn “help increase accountability between shippers and their customers, promoting the flow of business”.ntrol and monitoring.