Will Accenture use Blockchain to track the quality of shipments?

Accenture, which is a leading professional consulting company might use Blockchain to simplify and automate shipping logistics.

On the basis of the document which is released by the U.S Patent and Trademark Office yesterday, the intended system would conclude certain types of qualities of objects that are shipped and store the information on a blockchain. The intended system will help to track the objects which are shipped from one location to another. The system can do this by utilizing the data on the blockchain to validate the status and condition of the object.

The machines which are connected to the network such as robots or unmanned aerial vehicles can verify the integrity of objects because they are shipped to various locations, cross-checking their status with the data that's already stored on the ledger. The information can easily be tracked using driverless or autonomous vehicles.

Here, if an examining device validates the identity of objects properly by cross-checking its details with the data stored on the blockchain, it will permit the item to continue its trip.

But if the data from the existing and previous stages doesn't match, the device might instruct the system to return the product and stop the payment.

The system may schedule alerts and messages for managers which are involved in the shipping process or governing agencies which manage the product. The system might pay a call on manager meeting if required or request for an investigator check when the product is interfered or altered.

The new document shows the interest of Accenture in developing Blockchain based applications.

Earlier, Microsoft and Accenture released a framework of an identity-storage blockchain and is presently working with the World Economic Forum and United Nations on building projects regarding the digital identity.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

Louis Navellier's King of 5G “Turbo Button” Technology: What's the Smart Antenna Hype About?

First, Who Is Louis Navellier? Louis Navellier is a legend in the world of investment, best known for trading stocks,...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Latest News & Updates

25 Cent Trader Summit with Nomi Prins: February 15th Event Details

The event will take place on February 15th, 2020 at 1PM EDT. While Noni Prins usually charges a high appearance fee, this event...

The Crypto Genius: Auto Cryptocurrency Trading Software Worth It?

Making money in the cryptocurrency industry is all about knowing the patterns of the market and the things to look out for. While some...

Ethereum Code Review: Legit Automated Crypto Trading Bot Software or Scam?

In its most basic sense, Ethereum Code can be thought of as an automated cryptocurrency trading platform with a trading bot that allows investors...

Crypto Revolution: New Cryptocurrency Book by Bryce Paul and Aaron Malone

Since the start of the year, the crypto market has been showcasing extremely bullish signs which have led many to believe that something big...

More Articles Like This

OPM Wealth: Inside Look at Other People's Money Business Plan

OPM Wealth is a high ticket sales program known as a digital franchise system focusing on Other People's Money (OPM) designed to bring you...

How to Earn Bitcoin: 27 Best Ways to Get Paid in Crypto (2020)

Most assume the only way to get bitcoin is to buy it. However, as this guide will show, there is a multitude of ways...

Ingreso Cybernetico: A Look Inside the New Crypto Business

One of our main objectives in this website is to highly all the possible ways one can earn Bitcoin and crypto now days. While trading...

The Investment of the Decade by Teeka Tiwari: What Is It?

Teeka Tiwari's Investment of the Decade is a new special broadcast of his highly popularly, wildly successful Palm Beach Letter newsletter research program. While there...

Crypto Revolution: New Cryptocurrency Book by Bryce Paul and Aaron Malone

Since the start of the year, the crypto market has been showcasing extremely bullish signs which have led many to believe that something big...

The Crypto Genius: Auto Cryptocurrency Trading Software Worth It?

Making money in the cryptocurrency industry is all about knowing the patterns of the market and the things to look out for. While some...

Dr. Mark Skousen's Swiss Army Bio-Knife: Forecasts & Strategies Report

Have you come across Dr. Mark Skousen’s recent presentation regarding the proclaimed, “Swiss Army Bio-Knife?” Shared by the Eagle Financial Publications, it has been...

25 Cent Trader Summit with Nomi Prins: February 15th Event Details

The event will take place on February 15th, 2020 at 1PM EDT. While Noni Prins usually charges a high appearance fee, this event...