BCG: Most transport and logistics executives lack blockchain understanding

More than 80% of transport and logistics (T&L) executives do not have a clear understanding of blockchain and its implications for the industry according to a new report from Boston Consulting Group (BCG).

The study found several contradictions in the way blockchain technology is handled – even though 88% of T&L executives said that they believed blockchain would disrupt the industry, only 16% of respondents felt that they had clear understanding of the technology and its implications.

Despite 59% of those surveyed believing that blockchain will disrupt the industry in the next 2-5 years, 74% are only superficially exploring opportunities, or have not thought about blockchain at all.