GlossaryEN1 min readUpdated: Jun 11, 2026
Blockchain-based product traceability for the cold chain
A South American fruit cooperative ships berries via reefer container to Europe.
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Source: https://www.ibm.com/blockchain/solutions/food-trust
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Incoterms 2020 Simulator: Who bears costs & risk?
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Definition & Explanation
A South American fruit cooperative ships berries via reefer container to Europe. With blockchain, every temperature reading, port transit, and storage movement from shipper to consignee is recorded chronologically and immutably—all stakeholders view the same data in real time. Customs authorities and importers can verify origin and storage conditions without paper audits. If quality issues arise, the exact location and moment of cold-chain failure can be determined. Benefit: transparent liability allocation, faster claims settlement, reduced disputes.
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⚖️ ICC Incoterms 2020
Incoterms 2020 Simulator: Who bears costs & risk?
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