Anchor Industry Advisor, Logistics
In an exclusive Port Technology paper, logistics expert Wolfgang Lehmacher explores the effect of blockchain in China’s New Silk Road.
Blockchain, the most prominent distributed ledger technology (DLT), holds the promise to improve the efficiency, accuracy and inclusiveness of supply chains. The Belt and Road Initiative (BRI) is grounded in the belief that nations can achieve significant economic and trade benefits by improving connectivity and reducing supply chain barriers. As the global economy slows, the Silk Road Economic Belt and the 21st Century Maritime Silk Road (a.k.a. One Belt One Road or the Belt and Road Initiative) offers a major development opportunity. However, this growth needs to be inclusive and sustainable to make the initiative successful. It requires a large-scale buy-in over a long period of time – until 2049.