Tristar Group deploys blockchain technology revolutionizing its logistics business
Transparency in the supply chain has always been difficult to achieve, but Tristar will break down those barriers using blockchain.
Reuters, Daily Mail
NOVEMBER 10, 2017
Dubai – UAE: Tristar Group announced a milestone in its digital transformation strategy as it unveiled a ground-breaking Proof of Concept (POC) using blockchain technology. Transparency in the supply chain has always been difficult to achieve, but Tristar will break down those barriers using blockchain. The platform that Tristar uses is one of the first of its kind in the world and is currently operational.
“Blockchain technology gives us the ability to provide irrevocable verification and oversight to complex processes and movements of products to our customers. Records stored in the blockchain are computationally almost impossible to alter, leading to unprecedented verification and transparency to all stakeholders involved in a particular transaction,” said Eugene Mayne, Tristar’s Group CEO.