It’s become well established that the blockchain has an almost infinite range of functional applications outside of pure financial transactions. This is particularly pertinent when it comes to the Internet of Things where technology is being used to disrupt a range of traditional industries.
One example is cargo freight, an industry traditionally reliant on paperwork — typically in triplicate — including the physical couriering of documents as proof of purchase. As well as being incredibly wasteful such a process caused problems in document authentication, payments, time delays and couriering not the mention the risk of losing of physical documents.
See also: Will blockchain drive the fourth industrial revolution?
One team has...