Netherlands aims to shake up supply chain with blockchain technology

The Netherlands will invest €2.2 million in blockchain projects for the logistics sector. Blockchain allows real-time exchange of information via a decentralised register. For example, when a cargo arrives at the port, payment for it can be released much faster. Shippers and banks also have a much more accurate picture of inventories. As a result, higher inventory financing can be issued, for example. The risk of fraud and errors is also many times lower than with central registers.