Top 10 Blockchain Logistics Service Providers You Should Know

The blockchain logistics sector is on the rise. More businesses than ever have turned to distributed networks to improve their logistics systems. This demand has been met by a growing number of service providers in the market. Here are the top 10 blockchain logistics service providers you should know, in no particular order.

Running a logistics operation for a business is no easy task. In their current state, these systems rely heavily on paper and digital records. This structure is prone to fraud in many ways, including incorrect and falsified data, isolation, theft, and other forms of unethical tampering.

Blockchain logistics systems can help you to eliminate the risks and enhance your results. Increase the integrity of your supply chain system and improve efficiency and customer confidence by leveraging one of these helpful blockchain logistics providers.

1. Yojee

Yojee is a major logistics systems provider in Asia. This Singapore-based firm specializes in freight carrier logistics for large and medium enterprise clientele. The platform includes a host of features and services that make it simple to integrate and get the most from blockchain tech.

On average, Yojee can show companies saved 30% by leveraging their delivery management software. These savings are compounded thanks to the integration of AI (Artificial Intelligence) and ML (Machine Learning). These systems identify inefficiencies in real-time.

Yojee clients can automate their operations from tracking to statement generation and accounting. The platform offers valuable insight into operations, including specific things such as fleet capacity, driver performance, and verification systems.

Yojee continues to see a growing user base thanks to its reliability and proven track record. The firm currently has +1000 top trucking firms as clients, and over 30,000 vehicles leveraging its services. When you add in the flexible API options, it’s easy to see why Yojee is a strong contender.

2. VeChain

VeChain was one of the first supply chain management-focused blockchains in operation. From day one, the blockchain was built to cater to the needs of the logistics sector. As such, it includes a comprehensive set of tools to improve product shipping and management.

VeChain is a great option for smaller businesses. It features a user-friendly interface that makes it easy for firms to gain the trackability that used to be only available to massive firms. Small businesses may now monitor, authenticate, validate, and locate their products in real-time using VeChain.

VeChain offers full integration with IoT (Internet of Things) and RFID technology. These external sensors add a lot of functionality to the network. Businesses can introduce specific sensors that relay real-time data on the state of products and services to the firm, which can be used to remove inefficiencies.

This level of supply chain management makes VeChain ideal for time-sensitive products such as medications. The systems can be set up to monitor the state of sensitive assets across the planet. Also, It can authenticate products to prevent tampering.

VeChain offers support for Dapp developers and businesses seeking to create custom applications on top of its blockchain. This flexibility enables companies to improve their logistical management, quality control, and security. Best of all, VeChain offers Baas (Business as a Service) blockchain access to help reduce operational costs for your business and clients.

3. Everledger

Everledger entered the market in 2015 and remains an interesting integration of blockchain technology into the precious stones market. The protocol operates as a diamond registration and logistics system. Everledger helps to solve many of the issues facing the diamond industry.

It allows diamond resellers to know with confidence that their stones were obtained from non-conflict zones and are authentic. All of this data is registered on the blockchain which means anyone that requires it can access it in real-time. The Everledger system is a game-changer in the market.

Every stone gets recorded and tokenized. The data on each stone includes carat weight, origin, color, cut, transparency, certificate number, and more details relevant to buyers.

Notably, Everledger works with insurance providers to help keep your precious stones safe. This structure has proven to be a win-win for all parties. As such, it’s no surprise to learn that Everledger has plans to expand its services to other luxury markets in the coming years.

4. IBM Food Trust

The IBM Food Trust is an ambitious project that has seen major success in cutting out inefficiencies in the food market. On average, your food travels +500 miles before it gets to your supermarket. This journey can add cost and risk to the items if not handled correctly.

The IBM Food Trust is one of the largest blockchain food supply chain campaigns launched. It combines efforts from 10 major food manufacturers. These firms include Walmart, Kroger, McCormick and Company, McLane Company, Dole, Driscoll’s, Golden State Foods, Nestlé, and Tyson Foods.

The goal of the project is to improve transparency, reduce inefficiencies in the current systems, and improve safety. Operators can track food from its origin to the consumer. Notably, The project leverages the IBM blockchain which was built using the Hyperledger Fabric to ensure scalability.

To date, the project has shipped +1M food products. Impressively, the Trust has helped to reduce returned food by an impressive 80%, according to company documentation. Additionally, it has proven consistent in operations with +350K successful transactions.

5. Blockhead Technologies

Blockhead Technologies is a blockchain-based logistics provider specializing in the precious metal and mining sector. These markets rely heavily on logistics and tracking to ensure quality, authenticity, and value. Consequently, it makes sense to integrate a blockchain solution into the market.

Blockhead technologies enable firms to trace their products from origin to consumer from an easy-to-navigate interface. The system offers real-time data and insights supported by advanced analytics to help you improve your results.

The firm makes it easy to keep track of your supply chain, as all data is recorded in chronological order on the blockchain. You can audit systems to locate weaknesses and make improvements from a single screen. In this way, Blockhead Technologies can help improve the credibility and performance of your logistics system.

6. ChainLink

ChainLink is best known as the first decentralized Oracle provider. Oracles are off-chain sensors that can communicate data to and from the blockchain. These sensors can come in many forms which makes them ideal for quality control and tracking purposes along supply chains.

Today, the concept of external sensors working with blockchains seems normal. However, this scenario wasn’t always the case and it used to be very difficult to integrate the two systems. Additionally, there was always the oracle problem looming.

The oracle problem refers to a scenario when a sensor provides incorrect data to an immutable blockchain. This incorrect data can cause a myriad of issues, especially if the network is public and the data can’t be edited. ChainLink figured out that a decentralized network of oracles could solve this problem.

ChainLink now provides decentralized oracle and blockchain infrastructure services to a selection of businesses in the market. The platform leverages a self-correcting protocol that ensures only accurate and timely data makes it to the blockchain. This structure can include price data such as an image of a product, origin information, location, and more.

Impressively, ChainLink can integrate with nearly all blockchains and legacy systems. This flexibility makes it an extremely versatile option to consider.  Consequently, there are currently multiple firms that leverage ChainLink oracles on private and public blockchains to improve their logistics operations.

7. Provenance

Provence is a supply chain-focused blockchain project that leverages the Cosmos SDK to offer high performance and scalability to the market. Provence offers businesses a low-cost solution to track products from origin to end. Notably, the blockchain can work with other decentralized networks and systems which improves its flexibility.

Provence is a complete logistics suite that includes a data set management system. You can leverage helpful features like secure storage options and controls that prevent fraud or theft. Recently, the firm added mobile support, which means you can track products from your smartphone using the Dapp.

Provence is ideal for assets that have regulatory restrictions as well. The blockchain offers full programmability, which supports the integration of enforcement rules to remain compliant. These rules are ideal when handling certain types of tokenized assets.

The goal of Provenance is to improve security and efficiency while lowering costs for its users. To that end, the network’s end-to-end tracking is a great tool that makes it easy to record and monitor data internationally in real-time.

8. OpenPort

OpenPort is an enterprise logistics provider with a unique market approach. The platform brings together service providers from across the logistics sector via its marketplace. Here, transporters and those seeking services can meet up and work out rates.

There are many advantages to this peer-to-peer approach. For one, it lowers costs by eliminating the middleman. Additionally, shippers can negotiate their procurements directly. These rates are enforced via smart contracts, which further lowers operational costs.

OpenPort lists its network as the “Largest Neutral Supply Chain” solution provider in the market today. Already, the platform has helped thousands of providers link with others. This market-style approach provides advantages for all parties involved.

Notably, OpenPort introduced the concept of Open Enterprise Logistics (OEL) to the market. This system leverages smart contracts to ensure on-demand transport when needed. This strategy improves flexibility and helps to give businesses more options when in a crunch.

9. Oodles

Oodles is a logistics firm that uses blockchain technology across multiple networks to offer their clients better results. Oodles is unique in that it operates on Hyperledger, Ethereum, Solana, Cardano, and other DLTs to meet the needs of its clients. This flexibility means that businesses can get everything they require when structuring their ideal logistics system.

Oodles helps companies track their goods, coordinate with their many providers, and reduce supply chain risks for all parties. The platform offers a variety of management solutions that streamline performance. For example, the system helps to bring together scattered records into a real-time data management system.

Running an enterprise logistics system requires you to work with multiple providers from different regions responsively. Oodles helps to establish trust via its automated approach. These systems don’t miss payments, and everything on the system is tracked on the distributed ledger.

The network continues to secure a reputation as a strong contender in the blockchain logistics management ecosystem. As such, companies save money and effort when they integrate Oodles into their systems.

10. CargoX

CargoX has a unique business model in that it supports the logistics of sending paperwork globally. There are still many instances when paper originals need to be sent internationally to complete or register a deal or business transaction. Notably, not all logistics actions can be signed off and verified by email.

Major deliveries and logistics routes require certified paperwork confirming the product’s arrival, state, location, and departure time. CargoX operates as a blockchain-based courier service. The network converts paperwork into tokens on the Ethereum network.

Once tokenized, the documents can be audited and tracked with precision in a cost-efficient manner. Additionally, key details such as the ownership and transfer history of the document can be included in its details.

This approach is much safer and faster than sending the originals. Already, the firm has facilitated the tokenization and sending of +5M documents globally. The project currently supports +65 document types, including certifications, titles, audits, trade documentation, and letters of credit.

Blockchain Logistics Could Save Everyone Money

As inflation continues to rise, so do the prices of goods and services. One way to help reduce these prices is to enhance the effectiveness of the supply chains providing these products to the public. To that end, Blockchain logistics has much to offer the world moving forward. Save money and improve your business systems using the top 10 blockchain logistics service providers you need to know.

You can learn more about exciting blockchain projects here.