Trade is the backbone on which the global economy has been built, transferring goods, services, and value between communities. As the population grows, the logistics to maintain an efficient value transfer get progressively more complex. Blockchain technology is a whole new dimension in this industry, enforcing transparency and more efficient supply chain tracking. Some are calling it the fourth industrial revolution.

Blockchain\'s distributed ledger technology (DLT) and smart contracts solve many traditional problems, including theft, corruption, intermediary fees, and tracking. When DLT moves into mass market usage it could save billions in the logistics industry: when fully integrated, perhaps as much as $500bn a year.

Tracking a chain of custody is one of the most important issues in any property transaction, whether it is a piece of land or a used vehicle. If an immutable, publicly accessible record such as that provided by DLT is available for such transactions, it is much less likely that land can be sold fraudulently. or vehicular damage is concealed from a new purchaser.

Even courier services are vulnerable, despite their tracking options, because records can be erased or even not issued at all. This enables black market purchasing and tax evasion activities that DLT will prevent. The Blockchain\'s ecosystem keeps transparent and unchangeable records which will deter malicious behavior, and make supply chains faster and more honest.