APPLICATION OF BLOCKCHAIN TECHNOLOGY TO LOGISTICS ACTIVITIES: SOME INTERNATIONAL EXPERIENCE AND IMPLICATIONS FOR LOGISTICS ENTERPRISES IN HO CHI MINH CITY

Abstract

Blockchain is a new technology trend that is gaining traction among organisations in a variety of industries. This technology is predicted to deliver numerous important improvements to the field of logistics by making it easier to manage order tracking and identify the source of problems such as damage during transit, hence optimising the process of tracing responsibility in the supply chain. Although a lot of companies throughout the world have successfully implemented this technology, there are still some concerns about the possible threats that Blockchain can offer. This article will cover the applications of blockchain technology in logistics activities, as well as the capabilities and benefits that logistics companies in Ho Chi Minh City can derive from this technology.