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The Applications of Blockchain and Artificial Intelligence in Logistics

Author

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  • Gabriela Călinescu

Abstract

There are many advantages to using the technologies of blockchain and artificial intelligence in businesses. Since computers and other machines were created, their capacity to carry out a variety of activities has increased tremendously in recent years. In several fields of employment, people have created robust computer systems that speed up processes and cut down on the amount of time needed to complete a task. The aim of this paper is to demonstrate how relying on blockchain and artificial intelligence for logistic processes can greatly improve their efficiency. In order to achieve this purpose, analyses were conducted on academic writings and research done by various authors and specialists. Moreover, the method of the case study was used. The results show that, in the logistics sector, blockchain technology and artificial intelligence have several potential advantages and uses, including traceability, transparency, smart contracts, authenticity verification, freight tracking, and cybersecurity. However, there is still confusion and skepticism regarding the use of these new technologies.

Suggested Citation

  • Gabriela Călinescu, 2022. "The Applications of Blockchain and Artificial Intelligence in Logistics," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 25(84), pages 69-81, December,.
    • Handle: RePEc:rej:journl:v:25:y:2022:i:84:p:69-81
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    More about this item

    Keywords

    Artificial Intellligence; blockchain; logistics;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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