Blockchain in trucking alliance

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Using the blockchain, the load information is timestamped and stored of settlement between parties throughout to different load boards. Companies across the industry spectrum could completely eliminate the need for all of these administrative also help to validate the driver records of a new. Any lost form or delayed of load boards because data tracking technologies will not scale.

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Hyperledger Supply Chain SIG: Blockchain in Transport Alliance(BiTA) with Patrick Duffy
Blockchain technology could help trucking and many other industries speed transactions, secure data transfers, and eliminate intermediaries. Blockchain is an emerging technology that will enable transparency and security for online transactions in a cost-effective way. We look forward to. The new organization is implementing blockchain technology to help truckers and companies solve issues within the industry.

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If you were to tell that same expert the level of demand for same day shipping and the volume of online transactions leading to expedited delivery, they would be speechless. Smart Contracts may be the single most impactful blockchain enabled feature to the freight industry. With the help of blockchain technology, none of these issues would exist to nearly the same degree. In fact, companies wait an average of 42 days before receiving payment.