Mitsubishi Launches ML Chain System
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An editor at Coincrop
29 Nov 2022 | 2 min read
he ML Chain blockchain system created by Mitsubishi will help to expedite the transport of drugs. With this technology, clients can view information such as the temperature of shipments or when they change hands.
The motors company has discovered that blockchain technology can help send tamper-proof data globally and has chosen to use it. Their new distributed ledger foreshadows more applications of blockchain technology in the future.
In the future, Mitsubishi Logistics also wants to broaden ML Chain to include shipments across international borders and delivery from wholesalers to pharmacies and hospitals. The company views the platform as a way to prevent fake medications and help with quality control and inventory management.
The Mitsubishi group firm will also consider using ML Chain to help create new, secure channels that distribute directly to consumers. It can use data gathered from the platform to make improvements throughout its supply chain.
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