Get Similar Asssignment Answers & Custom Paper Writing Services

To hire a writer, fill the order form with details from your nursing assessment task brief.

Posted: August 14th, 2022

Analysis of Blockchain Applications to Enhance Supply Chain Transparency in the Dry Bulk Sector

Analysis of Blockchain Applications to Enhance Supply Chain Transparency in the Dry Bulk Sector

Blockchain technology is a decentralized, distributed ledger system that records transactions and data in a secure and transparent way. Blockchain has the potential to transform various industries, including the dry bulk sector, which involves the transportation of commodities such as coal, iron ore, grain, and cement. The dry bulk sector faces several challenges, such as lack of visibility, trust, and efficiency in the supply chain, as well as environmental and social impacts. Blockchain applications can address these challenges by providing a platform for data sharing, verification, and automation among multiple stakeholders.

One of the main benefits of blockchain for the dry bulk sector is enhancing supply chain transparency. Transparency refers to the availability and accessibility of information about the origin, quality, quantity, and movement of goods along the supply chain. Transparency can improve the performance, accountability, and sustainability of the dry bulk sector by enabling:

– Traceability: Blockchain can enable the tracking of goods from the source to the destination, providing information about the location, condition, and ownership of the goods. This can help reduce fraud, theft, and losses, as well as ensure compliance with regulations and standards.
– Quality assurance: Blockchain can enable the verification of the quality and quantity of goods at each stage of the supply chain, providing information about the characteristics, specifications, and certifications of the goods. This can help reduce disputes, errors, and rejections, as well as ensure customer satisfaction and loyalty.
– Efficiency optimization: Blockchain can enable the automation of processes and transactions along the supply chain, providing information about the availability, demand, and price of goods. This can help reduce costs, delays, and waste, as well as increase productivity and profitability.

Several examples of blockchain applications for enhancing supply chain transparency in the dry bulk sector are:

– CargoX: CargoX is a blockchain platform that provides smart bill of lading (B/L) solutions for the shipping industry. A B/L is a document that serves as a proof of ownership, receipt of goods, and contract of carriage. CargoX enables the issuance, transfer, and verification of B/Ls on a blockchain network, eliminating the need for paper documents and intermediaries. This can reduce costs, risks, and time involved in B/L transactions, as well as improve security and reliability.
– TradeLens: TradeLens is a blockchain platform that provides end-to-end supply chain visibility for the shipping industry. TradeLens connects multiple stakeholders, such as shippers, carriers, ports, customs, and regulators, on a blockchain network, enabling data sharing and collaboration. TradeLens provides real-time information about the status and location of shipments, as well as documents and events related to the shipments. This can improve efficiency, accuracy, and compliance in supply chain operations.
– Circularise: Circularise is a blockchain platform that provides traceability solutions for the circular economy. The circular economy is a system that aims to minimize waste and maximize resource utilization by reusing, repairing, refurbishing, and recycling materials and products. Circularise enables the creation of digital passports for materials and products on a blockchain network, providing information about their origin, composition, history, and environmental impact. This can help increase transparency and trust among stakeholders involved in the circular economy.

In conclusion, blockchain technology can enhance supply chain transparency in the dry bulk sector by providing a platform for data sharing,
verification,
and automation among multiple stakeholders. Blockchain applications can address various challenges faced by
the dry bulk sector,
such as lack
of visibility,
trust,
and efficiency
in
the supply chain,
as well
as environmental
and social impacts.
Blockchain applications
can also create new opportunities
for innovation,
value creation,
and competitive advantage
in
the dry bulk sector.

References:

– CargoX. (n.d.). Smart B/L™ – Blockchain-Based Bill of Lading for Global Trade. Retrieved from https://cargox.io/
– TradeLens. (n.d.). TradeLens – Supply Chain Visibility Powered by Blockchain Technology. Retrieved from https://www.tradelens.com/
– Circularise. (n.d.). Circularise – Making Supply Chains Transparent & Traceable with Blockchain Technology. Retrieved from https://www.circularise.com/
– KPMG. (2019). How blockchain is transforming dry bulk shipping. Retrieved from https://home.kpmg/xx/en/home/insights/2019/03/how-blockchain-is-transforming-dry-bulk-shipping.html

Order | Check Discount

Tags: Undergraduate Dissertations Topics Examples Ideas, Thesis and Dissertation Ideas for Research Topics in UK, Thesis Topics for Your Masters Degree, Thesis Topics for Your Final Academic Project, Research Titles Examples

Nursing Assignment Help For You!

Special Offer! Get 20-30% Off Your Order!

Why Seek Our Custom Writing Services

Every Student Wants Quality and That’s What We Deliver

Graduate Essay Writers

Only the most qualified writers are selected to be a part of our research and editorial team, with each possessing specialized knowledge in specific subjects and a background in academic writing.

Affordable Prices

Our prices strike the perfect balance between affordability and quality. We offer student-friendly rates that are competitive within the industry, without compromising on our high writing service standards.

100% Plagiarism-Free

No AI/chatgpt use. We write all our papers from scratch thus 0% similarity index. We scan every final draft before submitting it to a customer.

How it works

When you decide to place an order with Nursing Study Bay, here is what happens:

Fill the Order Form

You will complete our order form, filling in all of the fields and giving us as much guidelines - instruction details as possible.

Assignment of Writer

We assess your order and pair it with a skilled writer who possesses the specific qualifications for that subject. They then start the research/writing from scratch.

Order in Progress and Delivery

You and the assigned expert writer have direct communication throughout the process. Upon receiving the final draft, you can either approve it or request revisions.

Giving us Feedback (and other options)

We seek to understand your experience. You can also review testimonials from other clients, from where you can select your preferred professional writer to assist with your homework assignments.

For Similar Answers, Custom Essay Writing & Assignment Help Services

Find an expert by filling an order form for your nursing paper. We write AI-plagiarism free essays and case study analysis. Anytime!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00