A number of German logistics companies will cooperate to create a blockchain tracking platform, and Ernst & Young participates in management

According to Cointelegraph, several German logistics companies have reached a cooperation on the creation of a joint blockchain tracking platform. According to reports, the companies involved in the project include LKW Walter, GS1 Austria and so on. In addition, Ernst & Young (EY), one of the Big Four accounting firms, will participate in the management. According to the report, the system will digitize shipping documents on the blockchain to reduce costs and resource consumption while preventing counterfeiting while ensuring higher transparency standards.