Solutions for Freight & Logistics

Our global economy relies on the ability of supply chains to execute rapidly and efficiently. Chainparency is modernizing the freight & logistics industry, instilling transparency, immutability, and flexible smart contracts.

The problem

Legacy supply chains are limiting your potential

Modern supply chains have become increasingly interconnected through globalisation. As these networks grow, stakeholders require more and more sophisticated systems or else they risk falling in competitiveness to their peers.

1
Lack of end-to-end visibility

A fragmented, sparsely connected network of stakeholders lacking a unified solution and visibility leads to confusion among carriers and exposes stakeholders to risk such as high costs, fraud, regulatory violations, and more.

2
Difficulty reacting to demand shifts

Changes in the supply chain ecosystem requires flexibility and adaptability. This is increasingly difficult and costly with outdated information systems, resulting in erosion of margins.

3
Lack of transparency into supply chain data

Fragmentations and siloed data means that stakeholders are forced to trust each other. Stakeholders are forced to constantly reconcile information to ensure accuracy, resulting in efficiency losses.

Introduce trust and visibility to your supply chain with GoTrace

GoTrace is an enterprise-ready track and trace platform and turnkey solution.

End-to-end track & trace capability

End-to-end mobile (iOS & Android) load/asset scanning with GPS, timestamp and hashed data recorded on the blockchain for traceability and auditability.

Prove the source of raw materials

End-to-end mobile (iOS & Android) load/asset scanning to prove that raw materials were not “harvested” via unsustainable or immoral practices or from exploited workers.

Share immutable data with those who need it

Intuitive dashboard, timely alerts, and reporting ensure unparalleled transparency & assurance as well as ability to grant access to other stakeholders as needed.

Start tracking your items now using GoTrace

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“Implementing blockchain to reduce supply chain barriers to trade could increase GDP by nearly 5% and trade by 15%.”

World Economic Forum In collaboration with Bain & Company and the World Bank

WEC
Using Benefits

Combine AI, IoT & cloud with blockchain to achieve full digital transformation

The industry is currently fragmented with a sparsely connected network of stakeholders that lack a unified solution. Blockchains permit stakeholders across the supply chain to share trusted data, erase silos and allow for seamless information flow that's transparent and secure.

Automate processes with smart contracts

As the global supply chain process becomes complex and competitive, freight and shipping companies require new ways of managing their assets in real-time to gain valuable insights. Smart contracts give your business an edge in the marketplace by tracking every step of cargo transfer. Every participant in the supply chain has access to a secure asset record and receives verification of delivery along with notifications of loss or damage in real-time.

Track temperature-controlled goods

Agricultural commodities, medical supplies, and pharmaceuticals are a few examples of perishable goods that require temperature-controlled transport. Smart contracts create a time-stamped record of transfer from the point of origin that allows the receiving party to confidently assess and verify the quality of delivered products. Combining smart contracts with IoT devices, sensors, and AI platforms Most importantly, a transparent ledger of time-stamped conditions also mitigates risk associated with equipment failure, reduced shelf life, and compromised product quality.

Match shippers (demand) with carriers (supply)

For the broader freight and logistics network, smart contracts can be connected to the brokerage marketplace to identify and match shippers and carriers. A consortium network of independent parties can view purchase orders and requests for cargo transfer at the point of origin, distribution center, and shipyard to accurately connect order bids to fleet operators and expedite order fulfillment. Smart contracts have the ability to validate and process a brokerage agreement between two parties with minimal paperwork and time, which further increases rate of return and ROI.

Speak with an expert to learn how Chainparency can enhance your business

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~50%

Paperwork alone can account for up to half the cost of container transport.

$140b

Tied up in disputes for payments in the transportation industry.

~87%

Cost of paperwork alone in container transport.

Eliminate massive expenses from contract execution

It is estimated that a single trade finance deal for a commodities cargo shipment by sea can require 36 original documents and 240 copies from as many as 27 parties. Integrating blockchain in trade finance can save weeks, if not months, freeing up capital for all parties.

Automate payments with smart contracts

Using Smart contracts, you can automate processes such as executing payments to stakeholders when their step in the chain is completed.

Initiate shipments faster with real-time reviews

Making financial documents accessible through blockchain allows them to be reviewed and approved in real-time, eliminating delays initiate shipment.

Eliminate costly third parties

Free up capital and eliminate intermediaries including banks and insurance companies that are required today.

Speak with an expert about decentralized finance for logistics

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“The number one concern of companies related to risk inherent in their extended supply chain is due to visibility shortages.”

Deloitte Global Supply Chain Risk Survey

Deloitte
Using Benefits

GoTrace employs various features to optimize your supply chain

End-to-end track & trace

Transparent tracking of shipments from start to finish. Know exactly where your shipments are during the entire shipping process.

Digital ID for supplies

Accelerates supplier onboarding and lifecycle management by helping suppliers create a trusted, digital identity that they can use with multiple buyers.

Counterfeit prevention

Leveraging blockchain injects new trust into the system creating a tamper proof record of what is authentic straight from the source.

Responsible sourcing

Consumers demand ethically sourced products. Prove that items have been sourced responsibly using blockchain-enabled end to end tracking.

Try GoTrace

Start modernizing your freight & logistics business now

Changing the world with blockchain has never been easier. No other company makes it faster or easier to achieve blockchain success. Wherever you are on your blockchain journey, we'll meet you there.

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