Challenges faced by the logistics industry

Slow and costly payments
Slow and costly payments

Transnational payments are fraught with delays and high fees. Where multiple parties are involved, payments become intractably complex.

Administration costs
Administration costs

Maersk and IBM state that transportation management can account for up to 20% of total costs because of unwieldy legacy systems.

Transportation damage
Transportation damage

According to FreightWaves, sensitive loads can be damaged by environmental fluctuation, which ruins 8.5% of pharmaceuticals in transit.

Transportation dispersion
Transportation dispersion

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
Supply chain complexity

Maersk reports that an intercontinental refrigerated shipment typically passes through 30+ organizations and requires 200+ communications.

Long dispute resolution
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.

OLWAY

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.

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Car eService Book

Car eService Book: an automotive ecosystem for data tracking

Powered by blockchain, Car eService Book is a custom platform for tracking and collecting vehicle data, like service information, vehicle owner details, records from IoT sensors, driving behavior, and others, across vehicle producers, regional dealers, parts manufacturers, and service centers.

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RTLS

RTLS: a part of the OLWay ecosystem for warehousing and logistics

The RTLS module allows you to monitor the working efficiency of employees and other warehousing assets in real-time, across operational zones and prohibited areas, to optimize working space and prevent accidents. The collected data is written into a forgery-proof blockchain database.

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Centaur

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.

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Bchain

Bchain: a DLT solution for smart logistics

Bchain is a blockchain platform that collects data about cargo capacity from connected IoT sensors in real-time, ensuring automated management of supply chains. It automatically verifies shipping transactions, timely notifying chain participants.

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Blockchain solutions for logistics from Aetsoft

Rapid and secure payments

Get multiparty transnational payments, without fees or delays, powered by trustless blockchain-based tokenization.

Automated administration

Provide secure, immutable, and accessible records, with transactions recorded on a blockchain.

Transportation management

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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Tell us about your blockchain logistics project, and we will get back to you with a free consultation.

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Blockchain applications in logistics

Transportation transparency

Use case 1. Transportation transparency

Currently

Transportation flows remain mostly shady procedures, with opaque, and thus hardly traceable records accompanying every step of product logistics.

With blockchain

An immutable, tamper-proof blockchain system establishes complete data transparency, with every data asset visible and self-maintainable across the entire transportation flow.

improve processes with Blockchain
Automated deals

Use case 2. Automated deals

Currently

Contractual relations between manufacturers and suppliers involve third parties that only add costs, friction, and delays to settlements.

With blockchain

Thanks to blockchain-enabled smart contracts, agreements become autonomous and self-executing once the agreement terms are met.

improve processes with Blockchain
Data validation

Use case 3. Consistent data validation

Currently

Current enterprise systems fail to provide complete authenticity of logistics data, often leaving recorded assets vulnerable to manipulation.

With blockchain

With blockchain, the entire network can validate data through consensus, thus, minimizing fraud risks within the system.

improve processes with Blockchain

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