GLN uses blockchain to securely record and share data across participants, ensuring transparency and immutability. With Web3 technology, the network enables peer-to-peer interactions without intermediaries, which reduces costs, speeds up processes, and allows users to manage their own data securely. Smart contracts also automate essential logistics tasks like payments, tracking, and compliance.

Blockchain provides a secure and tamper-proof way to track goods throughout the supply chain. Every action, from the manufacturing of goods to the delivery at the final destination, can be recorded on the blockchain. This visibility reduces fraud, improves compliance, and enhances trust between parties.

Smart contracts are self-executing contracts with terms directly written into code. In GLN, they are used to automate various logistics processes, such as payment releases when goods reach specific checkpoints, or real-time updating of shipment status. They eliminate the need for intermediaries and reduce the risk of delays and human error.

GLN reduces costs by minimizing the need for intermediaries, lowering transaction fees, and improving the efficiency of logistics processes. Real-time tracking and automation with smart contracts also streamline operations, reduce administrative burdens, and improve resource allocation.

Any participant in the supply chain can join the GLN, including manufacturers, shipping companies, logistics providers, freight forwarders, and even end customers. All members can interact securely and directly within the network, benefiting from transparency and streamlined workflows.

GLN uses blockchain’s cryptographic security and decentralized architecture, making it highly resistant to tampering or hacking. Every transaction is encrypted, and sensitive information can be selectively disclosed to authorized participants only, ensuring data privacy and protection.

Through blockchain’s immutable ledger, GLN provides a full and permanent record of each transaction and shipment, accessible to all authorized participants. This enables greater accountability and allows every stakeholder to track and verify each step of the journey, which increases transparency and trust.

GLN can incorporate tokenization for payments and incentives, rewarding participants for completing tasks or maintaining high service standards. Tokens could be used as a form of currency within the network, reducing the friction of cross-border payments and incentivizing network growth.

Smart contracts in GLN can help reduce disputes by clearly defining terms and conditions and automating processes like payment triggers. For disputes that require manual resolution, the transparent and verifiable nature of blockchain data can help settle disagreements by providing an accurate record of events.

Decentralization removes the need for a central authority, reducing potential bottlenecks, enhancing security, and providing participants more control over their data and transactions. It also increases network resilience by distributing data and operational responsibility across multiple nodes.

GLN is designed to comply with relevant regulations for data privacy, financial transactions, and shipping compliance. Since blockchain is auditable, it allows organizations to maintain better compliance records and access them instantly for regulatory review or audits.

GLN aims to integrate more advanced technologies, such as IoT for real-time asset tracking and AI for predictive logistics. With these advancements, GLN will continue to improve efficiency, security, and accuracy in the global supply chain.