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Impressive use of Blockchain in Logistics by DB Schenker and VeChain

Impressive use of Blockchain in Logistics by DB Schenker and VeChain

VeChain, a leading Blockchain-as-a-Service platform has announced its partnership with DB Schenker which is the world’s leading provider of logistics. It has co-developed a dApp with DB Schenker.

This solution tracks their third-party logistics partners performance, on top of other supply chain offerings. The partnership involves the development of a supplier evaluation system on the VeChain platform.

For the first time, such a system is created on a Blockchain. DB Schenker will use this to evaluate their services and to score business partners.

DB Schenker is the transport and logistics division of Deutsche Bahn which is the German railway heavyweight. It has a dense network of over 5,700 logistics experts in 60 key cities across China where it has an experience of over 50 years.

It also offers efficient air, ocean, rail and land transport, contract logistics around the globe as well as supply chain management solutions.

VeChain, on the other hand, is the world’s leading Blockchain platform that offers Blockchain-as-a-Service to the enterprises. VeChain Foundation aims at adding value to the scope and development of their VeChainThor platform and optimizing the platform by leveraging the blockchain technology. VeChain Foundation’s approach is to include the world’s best goods distributors, service providers, and global experts into their platform’s ecosystem to ensure the integration of maximum business processes.

This approach is used to create a platform with holistic capabilities. The Blockchain’s power and flexibility allow companies to design tailor-made solutions helping to overcome their existing business challenges. One of such solutions has now been co-developed with DB Schenker which is one of the world’s leading global logistics providers.

Possible future implementations could include a globally integrated platform which is shared by the logistics providers worldwide. Plair, the decentralized gaming platform, will be the first ICO that will be launched on this platform. The blockchain is able to change the shape of logistics industry in a better way.

VeChain Foundation announced this through its Twitter handle.

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Aayushi Dhawan
Aayushi Dhawan is an avid reader, researcher, crypto writer and a passionate student. While pursuing her graduation in commerce at SRCC, she realized that writing and Finance give her immense pleasure. She is currently pursuing her post graduation in Commerce (Finance) from Department of Commerce, Delhi School of Economics and keeps on exploring the intricacies of research, her biggest strength.