EPC Contracts...

There is a growing awareness among EPC contractors and Energy Groups, that the way their supply chain and logistics are organized leads to huge losses and are full of bottlenecks. These could be solved by a real-time tracking of gigantic amount of data. Doing this without an algorithm based ecosystem is impossible, because it would otherwise require an ever growing human interaction which, at one point becomes inefficient, bureaucratic and leads to a collapse.

This is why the algorithm and automation are a solution! This without blockchain would not work. Distributed ledger and Smart contracts is a way to safeguard the security and execution on an automated system.

This is why next 5-10 years you will see the whole transport industry finally experience drastic changes that will give a huge advantage to all the participants of such an ecosystem, including EPC Contractors.