Blockchain In Logistics Market size was valued at USD 3.3 Billion in 2020 and is projected to reach USD 1620 Billion by 2028, growing at a CAGR of 62.4% from 2021 to 2028.

Blockchain in logistics is becoming a major trend in the logistics industry. Blockchain is becoming game changer in this industry. There are many new start-ups are entering in this market provide an advance blockchain-based platform in logistics. The blockchain supply chain market will reach around USD 3.6 billion in FY 2023. There are various companies that are highly investing in blockchain technology. For instance, recently Domino’s Pizza revealed that they are implementing #blockchaintechnology in Singapore and Malaysia.This growth is primarily driven by Development in the logistics industry, today logistics industry became a multi-trillion US dollar industry and becoming the backbone of every trade around the globe. As the #logisticsindustry is facing many #challenges at their different stages in their #supplychain. Increasing issues such as multiple geographical locations handling, this drives the advance technology in the logistics industry.