Blockchain-Based Shipper/Carrier Direct Optimization Platform

Building a Global Supply Chain Network on Blockchain

Improving business processes for the entire transportation industry is at the heart of the LaneAxis blockchain project.

LaneAxis aims to cut out the middlemen – freight brokers and 3PLs – to create a shipper-carrier direct network.

Consider that there are over 800,000 trucking companies in U.S., which adds up to roughly 5 million trucks on the road daily. Now consider that 97% of those trucking companies are small and independent, which means they have 20 trucks or less.

That means if a shipper wanted to deal with just 10% of that small and independent marketplace, they would have to reach out to 50,000 companies. Even if they reached out to just 50, shippers would still have to monitor and manage contracts, insurance, lane availability, carrier and driver rates, renewal dates, payments, and much more, simultaneously.

This is where LaneAxis comes in, to solve all these problems on one platform.

Blockchain Technology

The opportunity for blockchain technology to further enable improvements in the supply chain is considerable.

Blockchain technology offers a unique opportunity for the freight and logistics industry to create a cross-industry platform that can be shared between operators, shippers, carriers, regulators, and end users, to mutual benefit.

Blockchain-based solutions would include immediate payment of drivers upon delivery; transparent and verifiable maintenance records; immediate and self-executing payments for things like fuel and parts; more efficient and fair processes for disputes over freight quality and claims; and carrier history and safety records stored on the blockchain’s immutable ledger. Customers can track routes, see delays and estimate delivery time down to the minute.

Furthermore, the application of a common foundation across the industry will allow for the implementation of LaneAxis’ tailored app that will realize improvements in supply chains that have so far been beyond the individual companies’ ability to implement.

Download this white paper and find out why the Future of Freight Transportation is NOW - and with your support, how the LaneAxis Blockchain Platform will lead the way.