AUSTIN, Texas – dexFreight’s shipment of frozen food from Preferred Freezer Services to Manny’s Enterprises was typical in many ways. The goods completed their journey along with many other trucks on Florida highways on Oct. 15. But the load also offered one of the first examples of how a blockchain can be used to manage related transactions.
Imagine not having to argue with customers over extra charges because they’re automatically added to the invoice. How about eliminating the physical paperwork needed to move a shipment across a border? Even better, what about getting paid the same day…
TORONTO, ON — The business of moving freight generates a mountain of paperwork. Contracts establish rates and delivery requirements; bills of lading are signed and filed; invoices are generated to request the cheques that need to be issued and cashed.
Blockchain – essentially a form of digital ledger — promises to reshape how all these transactions take place.