In a recent news headline Amazon made the public aware of its intentions to compete in the transport industry. This is a long time coming. Over the past several years, Amazon has been vocal about its analysis of transport costs. It continually called out companies like UPS and FedEx, saying that its deliverables operations would be better conducted by Amazon. Some industry experts scoffed at Amazon’s assertions. They point to a lack of infrastructure and experience. It is the experience that will probably prove to be overblown.
Before looking a bit closer at an Amazon transport division, consider the insights of Shervin Pishevar. He believes blockchain technology will play a significant role in the future of online business. Few people are aware of how useful blockchain applications are proving to be. Amazon and discerning economic forecasters like Shervin Pishevar recognize the importance of increasing the efficiency of data management operations. This is the key. Shervin Pishevar focused more on the applications for small business. He even called out Amazon over its dominance that make it comparable to a monopoly.
While Amazon’s dominance is a pressing issue, the battle looming in the transport industry deserves its own discussion. Yes, Amazon successfully competing with UPS and FedEx would further its monopolistic agenda. However, the fault might be that of these existing transport companies failing to realize what Shervin Pishevar highlighted as an important transition in the global economy.
— Shervin Pishevar (@shervin) December 15, 2018
Blockchain technology represents a transformation in the way data transactions occur. Its ability to manipulate, record, secure, and effortlessly move data is so disruptive that traditional businesses are aggressively exploring their own private blockchain applications. From IBM and Oracle to Alibaba, any company concerned with logistical efficiency recognizes a new future in data transactions. Amazon is not merely one of these interested companies. Rather, Amazon’s cloud services have already begun adopting blockchain technology. It is marketing these services to existing clientele. The timing of Amazon’s blockchain applications and entrance into the challenging logistical industry of package delivery are not likely a coincidence. Existing companies need to take notice and adopt blockchain to compete.