Asklemmy

Calling blockchain a pure grift ignores the serious enterprise-level work being done to solve real logistical problems. The technology behind NFTs isn't just for JPEGs it's used to create a unique and immutable digital identity for stuff like physical shipping containers and pallets as digital twins. In a global supply chain where a single shipment passes through dozens of untrusted parties like factories, freight forwarders, ports, customs, and warehouses a distributed blockchain ledger provides a single source of truth that replaces manual emails, scanned paper documents, and spreadsheets. Smart contracts can automate releases upon verified scans, directly reducing the demurrage and detention fees that cost millions of dollars. The big hurdle isn't that the tech doesn't work or is a grift, it's getting competing companies to agree on common standards and invest in the infrastructure. The speculation was a sideshow, but the underlying utility for tracking physical assets across trust boundaries is a real thing