Bìznes Inform (Jan 2024)
The Practice of Using Blockchain Technology in Multimodal Container Transportation
Abstract
In this study, the main emphasis is on the role of multimodal container transportation in global logistics and transport. The aim of the article is to consider important aspects and challenges associated with this form of transportation, including issues of efficiency, regulation and prospects for further development of this sphere and its infrastructure. The article discusses different definitions of the concept of «multimodal transportation»; the authors’ vision of the concept of «multimodal container transportation» is presented; the main participants and key factors influencing multimodal transportation are described; the advantages and disadvantages of multimodal container transportation are indicated; significance of these transportations for world trade is determined. Particular attention is paid to opportunities for improvement and innovative approaches, including the use of blockchain technology, to increase the transparency, efficiency and security of multimodal container transportation. Examples of the use of blockchain technology in the practice of world players in the container transportation market and ways to improve their work after its implementation are provided. It is noted that blockchain technology provides an opportunity to create a distributed database that guarantees the stability and inaccessibility of data for manipulation, and this makes it an ideal tool for tracking goods in multimodal transportation. This technology provides transparency, the ability to track every stage of the delivery and automated data verification, which helps to avoid errors and fraud in the logistics process. This approach to the use of blockchain technology in the logistics of multimodal container transportation can be a step towards creating more reliable, secure and efficient transport networks. This is in line with the main goal of improving and perfecting the global supply chain in the context of today’s challenges and technological possibilities.
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