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Cross-border eCommerce: How Blockchain can Secure and Simplify Trade

Pradeep Chaudhary

Domain Consultant, Travel, Transportation, and Hospitality, TCS

Srinivas Patchala

Head – Logistics Practice, Travel, Transportation, and Hospitality, TCS

Using blockchain to improve process efficiencies in the logistics industry

Blockchain in transportation is laying the groundwork for fully digitized bonded warehouse operations by enabling:

  • Superior visibility and security of cargo during transit and storage
  • Improved compliance and documentation such as warehouse entry, storage, transfer, de-bonding, duty payment, and more
  • Fraud prevention by verifying identity of third-party customs bonded warehouse operators