Five freight transport blockchain applications to transform the supply chain

Supply chain automation & tracking

With multiple parties managing the flow of goods and related payments through many points in a global trade network, blockchain’s potential becomes more powerful. It offers shorter processing times, higher degrees of verifiability, and more interoperation among different systems and players. It will securely maintain records of all aspects of production, storage and transport to track goods from source through the supply chain, providing access to a single source of truth.

Freight matching platforms

Secure peer-to-peer (P2P) transactions enabled by blockchain could minimise the need for proprietary supply-and-demand freight-matching platforms, where the security of blockchain allows vehicle owners to carry freight under pricing terms and conditions they set directly with freight buyers.

Autonomous vehicles – electric and shared

auto vehicle ownership models

The rise of blockchain will coincide with the explosion of autonomous and connected vehicles that are electric-powered and shared within the community. Product delivery is as easy as tapping a smart phone application that leverages open source, blockchain-based standards to allow the most efficient booking, scheduling, routing, pricing and payment.

Compliance for High Productivity Vehicles

A blockchain platform would magnify the benefits of telematics monitoring of vehicles, drivers, loads and heavy vehicle national law compliance tasks. Ethereum blockchain technology offers a simple “smart contracts’ platform for the Intelligent Access Program (IAP).

Environment

Blockchain technology will become an essential means for managing carbon emissions. As a permanent, tamper-proof database for all types of data that can be shared by a community and owned by no one, without a central authority to track and verify interactions, it offers accessible and authoritative environmental data logging.

GLEC 1

Source: Global Logistics Emissions Council framework

 

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