Logistics
How blockchain technology is used in supply chain management?
To trace the activities along the supply chain more efficiently, concerned parties can access price, date, origin, quality, certification, destination and other pertinent information using blockchain. Traceability, as used in the supply chain sector, is the capacity to pinpoint the previous and current locations of inventory and a record of product custody. It involves tracking products as they move through a convoluted process, from raw materials to merchants and customers, after passing through many geographic zones. Traceability is one of the significant benefits of blockchain-driven supply chain innovations. As blockchain consists of decentralized open-source ledgers recording data, which is replicable among users, transactions happen in real-time. As a result, the blockchain can build...
How blockchain technology can revolutionize international trade
Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production. From information to communication, technology has been used everywhere to make life easier. For this reason, blockchain technology has been tapped by many as the next big thing, considering its use cases which cut across numerous industry verticles. Mainly used in keeping records of transactions, blockchain technology is a type of distributed ledger technology. Blockchain makes a difference According to Statista, blockchain makes keeping data records easier, more transparent, and even more secure. Owing mostly to its resistance to alteration, blockchain offe...
Gold industry taps blockchain for supply chain management and fraud prevention
Some of the most prominent organizations in the gold industry have joined forces to launch a new “integrity program” that utilizes blockchain technology for supply chain management — a move that’s intended to help market participants verify the authenticity of their bullion. London Bullion Market Association (LBMA) and the World Gold Council (WGC) announced Monday that they are collaborating to develop an “international system of gold bar integrity, chain of custody and provenance” that’s based on blockchain technology developed by companies aXedras and Peer Ledger. The ledger will be used to register and track gold bars at each stage of the production and distribution cycle, including mining, vaulting and purchase by jewelry manufacturers. The so-called Gold Bar Integrity Programme ...
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Dangote Cement acquires 2,000 new vehicles to enhance transportation
Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...
Lagos assembly warns local councils against extorting courier, logistics operators
Pool Photo The Lagos House of Assembly on Monday ordered local government councils and local council development areas (LCDAs) in the state to desist from extorting and harrassing operators of courier and logistics services in the state. Mudashiru Obasa, the House speaker, said the local councils do not have the power to tax logistics and courier services. He said the power of the councils was limited to the registration of bicycles as dictated by the Constitution. Mr Obasa said it was important to act against the action of the councils because it affects the ease of doing business in the state. “We have to make them understand that going out to disturb well-planned and organised businesses that stand to create employment for our youth especially with the rate at which students graduate wi...
4 Exciting Insights into How E-Commerce is Creating Jobs in Ghana
In 2020, the unemployment rate in Ghana was at approximately 4.51% of the total labor force. The unemployment rate is the percentage of a country’s labour force that is without jobs but are available to work and actively seeking employment. This is an increment from 4.16% in 2018 and 4.22% in 2019. Graduates from tertiary education, all genders in Ghana was reported at 10,9874 Persons in 2018 and this number increases year on year. Maybe in comparison to other developing countries, this seems like it’s encouraging. /* custom css */ .tdi_3_2c7.td-a-rec-img{ text-align: left; }.tdi_3_2c7.td-a-rec-img img{ margin: 0 auto 0 0; } However, if we take a closer look at the active labour force of Ghana which stood at almost 13-million in 2020, we begin to get a clear picture of how discouraging thi...
Lagos governor asks security agencies to crush criminals
Lagos State Government has tightened the noose on criminal elements, as Governor Babajide Sanwo-Olu fortifies the armoury of the State Police Command with new hardware and gadgets. One hundred and fifty units of double cabin vehicles, 30 patrol saloon cars, four high-capacity troop carriers and two anti-riot water cannon vehicles are part of the crime-fighting equipment donated to the police, yesterday, by the Lagos Government to strengthen security responses across the state. President Muhammadu Buhari took inventory and inaugurated the security equipment before Governor Sanwo-Olu handed over the gears to the Inspector-General of Police (IG), Mr. Alkali Usman, for the use of Lagos Police Command. The equipment and gadgets were procured through the Lagos State Security Trust Fund (LSSTF) –...
President Buhari orders IGP to reduce insecurity to barest minimum
President Muhammadu Buhari, has ordered Inspector General of Police, Usman Baba to ensure insecurity is reduced to the barest minimum. This is even as the Police Council made up of the President, Vice President, governors, ministers of Police Affairs, Interior and the Federal Capital Territory, confirmed Baba as the IGP. Minister of Police Affairs, Alhaji Maigari Dingyadi, who confirmed the development at the end of the one and half hours meeting, said he was unanimously confirmed. President Buhari had on April 6, appointed Baba as acting the Inspector General of Police. Baba was a Deputy Inspector General of Police before his promotion. Briefing State House Correspondents at the end of the meeting held at the First Lady Conference Room, the main purpose of the meeting was to “get the appo...
Troops nab two terrorist fuel suppliers in Yobe
Troops of Sector 2 Operation HADIN KAI on Saturday raided suspected Boko Haram Terrorists logistics base in Gujba, Yobe State and arrested two fuel suppliers. The director, Army public relations, Brig Gen Mohammed Yerima, said the troops following a sting operation nabbed two suspected Boko Haram logistics suppliers and recovered 11 jerricans loaded with Premium Motor Spirit (PMS) popularly called petrol, six jerricans of Automotive Gas Oil and nine empty jerricans hidden in different locations in Gujba. He said the suspects are currently in custody for preliminary investigations and would be handed over for prosecution by relevant agencies. The Chief of Army Staff, Major General Faruk Yahaya, while appreciating the troops, enjoined them to sustain the tempo and clear all suspected fortres...
Minister confirms new date for National Sports Festival
The ministers of youths and sports development, Sunday Dare, yesterday confirmed April 2nd to April 14th as the new date for the 20th National Sports Festival to kick-off. He made the announcement during a visit to the Edo State Government House in Benin City, the Edo State capital. He also announced that Edo State will be used for the National Camp in preparation for the 2020 Tokyo Olympic Games taking place later this year. Dare said further that the Federal Government is determined to go ahead with the Unity Games which is the sequel to participation at the Tokyo Games. However, he noted that due to logistics under the circumstances occasioned by the COVID-19 pandemic, the number of athletes has been reduced from 14,000 to 8,000 athletes. Edo State Governor Godwin Obaseki in response as...
Security and Medical Response Platform, Aura Expands to Kenya
Security and medical response platform, Aura has announced its plan to expand into Kenya by offering its emergency and medical response services in Nairobi and Mombasa. The rollout will be led by the newly appointed General Manager, Hilary Itela. Warren Myers, CEO of AURA, says that the intention is to address the fragmented and idle response capacity in Kenya while also “democratising access to critical services by making them more widely available and more affordable than ever before”. With over 15 years of experience in various management roles in East and Central Africa, Itela brings with him a wealth of specialist expertise within various verticals including security, eCommerce, logistics, pharmaceuticals, FMCG and renewable energy. In addition to working closely with Kenyan partners ...
