Applicability Of Blockchain Technology In The Global Logistics Systems
Table 2: Basic properties of blockchain technology (Tijan et al., 2019)
Transparent | Decentralized | Secure |
Distributed ledger: A digital version of a ledger to track and follow data | Peer-to-peer concept: Trading takes place directly between the sender and the recipient. | Cryptography: In the moment a transaction is approved by the miners, it prevailes in a block, which is embedded into the Blockchain. |