A decentralized cargo tracking system based on the Waves Enterprise blockchain or a major oil company
Geographic distribution of oil extraction is a significant challenge for companies, since it complicates logistics processes and leads to the need to organize a complex supply chain. Interaction of several parties requires division of areas of responsibility and effective resolution of disputes when they arise.
The absence of intellectual control of some parameters in the logistics arena presents a problem for the industry and can lead to costly and time-consuming claim resolution efforts that paralyze production processes.
There is a need for a tool that offers unequivocal data on the quality of execution of logistics processes in a trustless environment, where participants can be assured of reliable data.
There is a need for a tool that can clearly define responsibility areas for all participants in a logistics process and set parameters for its success.
The system is based on the following components: