Will having their own satellite network give bulk logistics companies an extra edge?
Sandelowsky: “Currently, competing companies all use the same data from the same suppliers. But satellite infrastructure costs have fallen significantly which allows firms to own their global satellite channels instead of relying on third-party data providers.
This means businesses can monitor and track their proprietary assets exactly how they want, with full control over their data and communication. This creates a competitive advantage in information.”
How will space technology enhance insights into a product’s journey?
Voeten: “Space technology combined with blockchain enables next-level traceability by tracking a product’s entire journey from origin, through every handling point to final delivery. It creates a permanent record of locations, actions and quality at every point. This seamless integration creates unbeatable transparency and operational insight, establishing true alignment across all supply chain participants. Many companies aren’t yet set up to achieve quite that level of visibility, but those who are will redefine logistics by improving efficiency, reducing fraud, ensuring authenticity and enabling smarter decision-making.
Blockchain’s tamper-proof records paired with satellite data empower end-to-end trust and innovative new business models that will transform the global supply chain landscape. Such connected transparency is a game changer for industries, unlocking unprecedented possibilities at every step of the product lifecycle.”
The original text of this interview appeared in our Game Changer magazine. Read the full article here.