Bitcoin, Crypto currency, Blockchain

VeChain and DB Schenker: Blockchain in the logistics

614a1c3da2f5d9e0edfd114cc5aa52e8 - VeChain and DB Schenker: Blockchain in the logistics

The Deutsche Bahn subsidiary DB Schenker is launching a cooperation with the Blockchain platform VeChain. Together they want to develop blockchain-based solution approaches in the logistics industry. The Blockchain technology is thus becoming more and more popular in the application in global supply chains.

The VeChain Foundation is the organization behind the crypto-Asset VeChain. This Token is based on the Ethereum block Chain, and is specifically designed for functions within a Supply Chain. Was developed in the crypto-currency from the Blockchain-as-a-Service (BAAS) company Blog!!. A detailed explanation and analysis of the functioning of VeChain can be found in our series of New Coins on the Block.

Supply Chain optimization through the Blockchain

As the VeChain Foundation was now in a Medium Post on the Best, you could win with DB Schenker, a high-quality Partner for the development of Blockchain-concepts for the logistics sector. You would like to work together, according to their own information with the best service providers in the world, and in its Blockchain platform.

DB Schenker is the Division of Deutsche Bahn AG for Transport and logistics. Thus, all Supply-Chain-services of Deutsche Bahn are the responsibility of DB Schenker. Overall, the network of DB Schenker includes more than 68,000 logistics experts at over 2,000 locations, including in air, sea, rail and land transport around the globe.

Cooperation of VeChain with DB Schenker China

In China, DB Schenker holds an immense logistics infrastructure. The increasing complexity of such a network can better handle, VeChain and DB Schenker developed a supplier evaluation system on the Blockchain. This is based on the VeChainThor platform.

The variety of uses of the Blockchain technology in the logistics, we have already reported sufficiently. Prominent examples in the marine logistics the two major European ports, Rotterdam and Antwerp, which have tested the Blockchain already in pilot projects. But also in the Transport by land, the technology was used, for example, by the American company FedEx. With DB Schenker, a German large-scale enterprises from the logistics sector is now to develop Blockchain-based solutions.

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