Blockchain & Ai Technology – BLOCKCHAIN & AI BASED TRANSPORTATION CHAIN

BLOCKCHAIN & AI BASED TRANSPORTATION CHAIN

Logistics and Transportation is going through a disruptive change due to the introduction of evolving technologies like it, AI, ML, and Blockchain. Logistic was the first use case, being the manager’s favorite topic to be used for this purpose. Also, the flow of information in this world would bring in the best kind of information and value for the operations. This new world of transportation would be soon all automated and optimized. They would think like managers do and would be capable of making better decisions on their own.

How Blockchain is helping in transforming Transportations?

Blockchain is a ledger system that removes a centralized authority to control the flow and access of data. This introduces a system wherever an authorized person has access to data so that data could not be tampered with by others in the node as the copies of it lie with others as well in the network so if one node tries to change it, it will not match with other original copies that are in the system. In the transportation field, this kind of transparency could be helpful as it has multiple numbers of partners and this kind of secure flow of data can help save millions of dollars every year that is lost due to the unavailability of information that is authentic and correct. Blockchain will allow the information to be read based on the bar code which cannot be tampered with within the value chain and can be read and written over only by one who is authorized to do so.

How AI is helping in blossoming the Transportation Systems?

AI is primarily useful in the world of transportation to help predict systems and information. There is a huge amount of data available in the world of transportation that is getting accumulated at every point. For humans, it is next to impossible to process this unstructured form of data on their own and with AI, you can get it processed. A lot of data that a human would take hours or days to process on their own will now be processed in a few seconds with the use of AI. AI will help process data and derive information like human brains would do. That’s how it will help manage the best route for the transportation, optimized level of inventory to be maintained, and at what price they should buy the inventory so that they get the best rates.

Introduction of Drones

One of the key miracles of these technologies would be drones that would disrupt the world of delivery and transportation. We would not require fleets of trucks and humans to deliver items. Now drones empowered by the security of blockchain and intelligence of AI would be used to deliver simple items like food and other items that you buy as daily needs. This is nothing new, there are various demonstrations already done in this area and only mass implementation is pending. It will be a conglomerate of all modern technologies that would help create a secure and automated world of transportation, thus helping a lot of business candidates to avoid losses that were before due to the non-availability of the right resources and information.