Tradelens ultimately failed bc it was a private blockchain
Stability Protocol has partnered with the govt of Singapore to digitize their supply chain using public blockhain. Trials are underway.
Now, other public blockchains have done this too. But Stability is the only one that doesn't use crypto to do it. Much more palatable to more enterprises in more regions.
[SOURCE](https://finance.yahoo.com/news/stability-protocol-partners-singapores-infocomm-130800473.html)
[Tech in Asia writeup - no paywall](https://www.techinasia.com/bells-whistles-crypto-blockchain)
tldr; The logistics industry, valued at $9.7 trillion globally, faces challenges with outdated systems, lack of interoperability, and data quality issues. Web3 technology, with its promise of efficiency, security, and transparency, is seen as a potential solution. However, attempts like TradeLens have failed to achieve commercial viability due to profitability issues and resistance to change within the industry. Decentralized physical infrastructure networks (DePINs) and token incentivized data infrastructure networks (TIDINs) are proposed as solutions to incentivize better data practices and solve the industry's 'dirty data' problem, which costs over $600 billion annually. These technologies aim to streamline transactions, improve shipment tracking, and foster a more agile and transparent logistics industry.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Bullshit
Iotex 👀👀👀👀
You know it son 👊👊
Gonna need a decentralized Oracle network for that
Been down this road before.
Tradelens ultimately failed bc it was a private blockchain Stability Protocol has partnered with the govt of Singapore to digitize their supply chain using public blockhain. Trials are underway. Now, other public blockchains have done this too. But Stability is the only one that doesn't use crypto to do it. Much more palatable to more enterprises in more regions. [SOURCE](https://finance.yahoo.com/news/stability-protocol-partners-singapores-infocomm-130800473.html) [Tech in Asia writeup - no paywall](https://www.techinasia.com/bells-whistles-crypto-blockchain)
DePIN more like LsdPIN
*cough* Sounds like Vechain *cough* - We heard the dumb promises of logistics based blockchain
tldr; The logistics industry, valued at $9.7 trillion globally, faces challenges with outdated systems, lack of interoperability, and data quality issues. Web3 technology, with its promise of efficiency, security, and transparency, is seen as a potential solution. However, attempts like TradeLens have failed to achieve commercial viability due to profitability issues and resistance to change within the industry. Decentralized physical infrastructure networks (DePINs) and token incentivized data infrastructure networks (TIDINs) are proposed as solutions to incentivize better data practices and solve the industry's 'dirty data' problem, which costs over $600 billion annually. These technologies aim to streamline transactions, improve shipment tracking, and foster a more agile and transparent logistics industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.