With the spread of globalization and the development of international trade, especially e-commerce, problems emerge gradually in the logistics field, such as inefficient data processing, a lack of post updates for end customers, and difficulty in ensuring the authenticity of products. This situation makes it less likely to create an effective supply chain with the opportunities offered by traditional international logistics services.

 

The reason that traditional logistics are confronted with these challenges lies in a lack of transparency in the supply chain. Even though it is possible to get instant tracking and location information, it still takes days to get more detailed data about the condition of the goods and the process. Worse still, the main problem for international logistics services is not collecting data but combining it.

 

The Practice of Blockchain Shipping Logistics

An effective solution is applying blockchain to logistics. Most people think blockchain is limited to cryptocurrencies, but its effects can be seen in almost every industry, including the logistics sector offering international logistics services.

 

Currently, international logistics services are still primarily driven by hardcopy paperwork. Digital documents are not valid at different customs points in different countries. However, blockchain offers solutions in process automation, paperless transactions, increased traceability, and transparency that the traditional logistics industry has fallen short of in the past.

 

Moreover, blockchain responds to security concerns regarding international logistics. With the help of blockchain shipping logistics, information on the origin and authenticity of shipped products is shared in a global network, allowing all parties to be closely connected in the trading ecosystem. Accompanied by digital controls, it can facilitate the smooth passage of goods throughout the supply chain.

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The Implications of Blockchain Shipping Logistics for NVOCCs

Today, international logistics companies are in fierce competition. Line owners, freight forwarders, and NVOCCs are trying to stay one step ahead of the race by increasing their investments in technology, especially NVOCCs that work as the ocean carriers responsible for issuing bills of lading on their own but don’t own ships.

 

Recently, there has been an upward trend that NVOCC has started to utilize the data and information of blockchain and use automated processes to make decisions. Meanwhile, there’s a great reminder that blockchain technology has eliminated intermediary firms in many sectors with its automation and effective workflow processes. Consequently, for the sake of their competitiveness, NVOCCs should adapt their business processes to the blockchain. This is the only way not to fall behind in international logistics services.

 

The Role of International Forwarding Companies Involved in This Process

Some international freight agents belong to NVOCCs, the bridge of the owner and the actual carrier responsible for the entire transportation. In this sense, international forwarding companies have become the carrier for the owner. With the help of blockchain that enables more transparent and accurate end-to-end tracking in the supply chain, international forwarding companies can digitize physical assets and create a decentralized, immutable record of all transactions. As a consequence, they can make it possible to track assets from production to delivery or use by the end user. 

 

The following advantages of international logistics companies offering international freight forwarding services with blockchain abilities are as follows:

• Inventory tracking
• International logistics services (shipping)
• Billing and payments
• Authentication verification
• Improving transparency
• Build a fair shipping market

 

As an industry-leading international forwarding company, we are also an innovative NVOCC devoted to offering international freight service worldwide. Our primary route covers thousands of containers, air freight, bulk charters, and FBA services each month from China to the USA and Canada. International logistics services are the most competitive area of our company.

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Conclusion

As an international logistics company, Danspeed provides reliable one-stop logistics services, including ocean freight, air freight, bulk charters, FBA service, and custom services based on  the trend of NVOCC and blockchain shipping logistics. Our strength comes from our emphasis on innovation, technology investments, and customer-focused corporate culture.

 

Special solutions offered by us to e-commerce companies for fast, economical, and high-quality international logistics services draw attention. Also, we provide complete top-notch service integrated with Amazon warehouses in the US and Canada. Besides, we offer FCL/LCL transportation services to thousands of customers yearly with 100% customer satisfaction.