Benefits of Blockchain
Blockchain provides competitive advantages including:
• More reliable operations (more accurate, faster and cheaper);
• Recording of the data in chronological order;
• Direct coordination between parties without a trusted 3rd party intermediary.
Specialist Focus
Entropia dominates blockchain consulting in the logistics arena. As the technology becomes better understood and more widely used increasing numbers of participants will generate smart contracts which will in turn further increase efficiency and reliability.
Blockchain for Transport and Logistics
Employing blockchain technology within the transport industry introduces a digital ledger that monitors the supply chain for truck and shipping parts/used trucks and vessels/routes and pricing and more. In each case the blockchain serves as a repository of information that is dependable and can be drawn down and acted upon trustlessly.
Smart Contracts
Blockchain has the potential to increase efficiency and helps resolve disputes. The technology enables smart contract solutions and real-time shipment data to become embedded in blockchain-based systems. The moment parties involved in a contract meet certain conditions, smart contracts can automate commercial processes.
ENT Token
Entropia is a pioneer in the use of blockchain to streamline logistical efficiencies. In 2020 Dr Kyriazis minted the ENT (ERC20) token to draw attention to marine conservation while providing an alternative settlement rail for smart contracts and NFTs.
