Logistic hurdles

📖 Knowledge and awareness

• Lack of understanding and awareness about blockchain and its potential

• Limited availability of skilled workforce to design, implement and operate blockchain solutions

• Lack of trust among companies who are nervous about sharing data on open platforms although blockchain in fact is building trust

🧩 Interoperability

• Integration issues due to variety of individual solutions used from each party involved

• Non-existence of a standard “one blockchain” solution

🚀 Performance

• Very specific use cases and requirements of existing blockchain solutions (e.g. online payments)

• Limited direct visibility of benefits for the flow of goods due to more focus on process automation and optimization

⚖️ Regulation and governance

• Lack of clear legal frameworks to govern blockchain transactions in various domains

• Limited accepted business practices to act as a reference for operating and governing blockchain solutions

⚠️ Risk on disintermediation

• Redundancy of intermediates in the logistic chain. Currently several intermediates make their living of the inefficiency in logistics processes, so if blockchain reduces this inefficiency or lack of transparency, intermediates may become redundant or less involved