Challenges faced by the logistics industry
Slow and costly payments
Transnational payments are fraught with delays and high fees. Where multiple parties are involved, payments become intractably complex.
Maersk and IBM state that transportation management can account for up to 20% of total costs because of unwieldy legacy systems.
According to FreightWaves, sensitive loads can be damaged by environmental fluctuation, which ruins 8.5% of pharmaceuticals in transit.
Most trucking firms have 6 trucks or even fewer (as per ATA). In the US, truckers drive 29bn miles a year with totally or partially empty trucks.
Supply chain complexity
Maersk reports that an intercontinental refrigerated shipment typically passes through 30+ organizations and requires 200+ communications.
Long dispute resolution
TransRisk states that every day, $140bn is tied up in disputed payments, with an average wait time for resolution of 42 days.
Meet OLWay: a blockchain-based solution for supply chain, logistics, and IoT
OLWay is a platform where you can connect with your clients on a decentralized network, store supply-related info in an immutable database, and integrate with IoT sensors for tracking shipping data (temperature, humidity, barometer, luminosity) all the way to the destination.Request a demo
Internet-of-Crops Platform: an IoT-based solution for tracing cereal supplies
Aetsoft implemented blockchain technology in Centaur AG’s Internet-of-Crops Platform, an agriculture logistics solution for tracking the provenance of crop supplies. Every asset in a supply chain is connected to IoT trackers and has a unique ID recorded on an immutable, hack-proof distributed ledger.Learn more
Blockchain solutions for logistics from Aetsoft
Rapid and secure payments
Get multiparty transnational payments, without fees or delays, powered by trustless blockchain-based tokenization.
Provide secure, immutable, and accessible records, with transactions recorded on a blockchain.
Ensure end-to-end environmental, handling and storage controls for each item and shipment.
Dynamic load management
Manage load across fleets and trucking companies with multiparty self-executing contracts.
Self-managing supply chain
Let multiple parties automate communication, verification, and transfer through blockchain record and smart contracts.
Instant dispute resolution
Eliminate or instantly resolve disputes using rule-based, pre-agreed smart contracts linked to an immutable, blockchain-based record of events.
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End-to-end logistics transparency with blockchain
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