Impact of Blockchain in the Silk Road Initiative
Practicing of Blockchain in the Egyptian Air-CargoX Project
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Blockchain logistics applications can contribute to the development of a more efficient system that consumers can trust and freight forwarders and suppliers can rely on. New technologies, software, and technical advancements all act as catalysts for developing innovative logistics solutions and/or lowering logistics costs. By incorporating blockchain technology into the financing and payment processes for foreign trade transactions, banks can digitize these processes, resulting in cost savings associated with payment / financing methods.The Study shows the pros and cons of integrating China's ...
Blockchain logistics applications can contribute to the development of a more efficient system that consumers can trust and freight forwarders and suppliers can rely on. New technologies, software, and technical advancements all act as catalysts for developing innovative logistics solutions and/or lowering logistics costs. By incorporating blockchain technology into the financing and payment processes for foreign trade transactions, banks can digitize these processes, resulting in cost savings associated with payment / financing methods.The Study shows the pros and cons of integrating China's blockchain in Air Cargo trade as in Digital Cargo X Project (Nafeza in Egypt), aiming towards creating a digitalized Window for foreign trade to enhance the results of tech transfer from China into Egypt. This study was conducted during high-risk period of Covid 19 as a major threat to the aviation sector or trading and as an example of the potential effect of blockchain during natural crisis and disasters management.
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