LANEAXIS: BLOCKCHAIN-BASED SHIPPER/CARRIER PLATFORM

One of the biggest issues within the transportation industry is Hour-of-Service issue. The hours a truck driver may spend behind the wheel per day or work per week are a basic building block of any supply chain. Shortening those hours can not only cut into a truck driver’s earnings but make delivering goods on-time while maintaining lean inventories even more difficult for motor carriers and costly for shippers.

While, processing and administration costs have risen to as high as 20% of transportation’s overall costs, due to over-reliance on paper transactions. Every day, there are $140 billion tied up in disputes for payments in the transportation industry. For an average invoice, a company has to wait 42 days before receiving payment. Many businesses have millions of dollars tied up in their accounts.

From dispute resolution to administrative efficiency and order tracking, blockchain has the answer to the problems that have been plaguing the transportation industry for decades. 

Introduces you to Lane Axis. A blockchain-based platform that creates a Ship-to-Carrier network that’s powered by smart contracts. Lane Axis aimed to solve the problem of traditional freigth. It will empower shippers and carriers to streamline and automate numerous key processes. As a result, shippers and carriers will no longer have to employ costly third-party vendors.

The blockchain technology of the platform will allow easy coordination of documents on a shared distributed ledger, making physical paperwork largely unnecessary. Blockchain injects total security and data integrity into the notoriously disorganized freight and logistics sectors. 

Utilizing smart contracts on the blockchain's immutable ledger, Shippers and Carriers can now deal directly with each other, bypassing expensive third party freight brokers. The smart contracts will allow approvals and customs clearance can be quicker and more efficient, reducing processing times for goods at customs checkpoints. 

The company will also utilize the AXIS token. Utilizing the token will incentivize trade partners to participate fairly within the regulatory framework. The main benefit of using the token is decreased operational expenditures, system validation, and fair trust.

For more information about LANE AXIS, feel free to visit these following links:
Website: https://www.laneaxis.io/
Whitepaper: https://www.laneaxis.io/assets/whitepaper/laneaxis-whitepaper-eng.pdf
Announcement Thread: https://bitcointalk.org/index.php?topic=3620267.0



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