Autonomous Vehicles are changing the dynamics of transport.

A major portion of the transportation industry relies on the fulfillment of supply chains. In fact, logistics play such an important factor in any business that they account for a major operational segment of their own. The transportation of goods to sustain supply chain links accounts for a multi-trillion dollar market.

Logistics is a common reference to the transport of goods within a supply chain.

As the world has adopted globalization with open arms, the importance of cross-border logistics has grown substantially and the overall market has enjoyed a boom. This is a strong example of a growing market that has not developed. The key aspects of a logistical operation have remained largely unchanged. A transporter is generally is hired carry good from an origin to a destination. The transport vehicles remain the same and the skill involved in the industry remains the same.

Potential rapid change, however, is on the horizon.
While a world where autonomous cars become the means of everyday transport may be a far-off future reality, autonomous vehicles in logistics are a growing trend. A lot of the product movement in logistics stems towards more than just long-distant transport. In fact, much of the movement is done within closed boundaries, i.e. unloading a ship or lodging a plane.

Autonomous vehicles, particularly drones, have made a strong growth in utility within closed boundaries. The usage has help to significantly drop payroll costs and thus companies are looking to expand the usage beyond closed walls. There are many projects being developed in most countries to take autonomous vehicles into the open for long-distant transport. An industry headed towards a wide-scale adoption of a autonomous vehicles stands to gain a lot from blockchain integration.

Communicating with Drones

A new blockchain projects, SKYFchain, wants to tackle an upcoming challenge in the logistics market.

As autonomous vehicles become a common aspect of the logistics market, it’d be of paramount importance to have a seamless way to communicate with them. The communication must be done in a means that cannot be compromised as otherwise it’d be extremely easy to steal transported goods; a system breach could simply direct an autonomous vehicle to deliver the goods to the hackers’ commanded destination.

There are many risks to adopting autonomous vehicles for the logistics market and these go beyond cost reduction. Computerized transport vehicles are not susceptible to errors and this ensures the market reaches a phenomenal optimization rate. However, this goal is hard to achieve if the risk of a network of computerized vehicles being breached is possible. Blockchain technology offers the key solution to such a threat.

Often, the most common usage for blockchain technology is stated to the securitization of financial and private data. However, it can also be used to secure the communication as communication is a form of data. With SKYFchain, businesses can communicate the origin and destinations to a network of autonomous vehicles without fearing the possibility of a system breach. As blockchain technology offers the most secure infrastructure for interactions, including interactions regarding the transfer of data, the communication between the participants of a particular delivery would remain secure.

On a closing note with regards to security, SKYFchain’s team have already developed functioning drones. This allows the collaboration of hardware with the software being created. The meshed result is a level of security even more difficult to penetrate as the physical fulfillment is being done by a drone that will be native to the SKYFchain network.

Wrap-Up: Autonomous vehicles are going to play a huge role in the logistics market very soon. These AVs will develop into an inter-connected network involving computers and if the network these vehicles rely on is to ever be compromised, the logistics market could face severe losses. SKYFchain provides a solution by providing a blockchain for the AVs of the logistics market, thereby ensuring the future of logistics is safe.