The travel, logistics and transportation services industry is witnessing large scale shifts and changes.
The internet has unleashed an immense potential to communicate and collaborate, giving rise to advanced travel management software and tools. Meanwhile, there is a tremendous surge in supply chain velocity, while the transport software segment evolves in travel, logistics and transportation services .
This leads to reduced costs through information sharing and synchronization between trading partners and transportation service providers.
We can design a software to work across your multi modal transport network and manage all your key processes. This covers shipment order management, planning the order based on VSRC (Vehicle, Schedule, Routes and Constraints), load Planning, load consolidation, carrier selection, execution, documentation and billing.
Digitalizing core operations, automating processes, and optimizing the supply chain are key to success in today’s market. Transport and logistics businesses have to adopt drone-based delivery, big data, and smart location-based systems to become more efficient and faster while remaining affordable. With our strong expertise in providing a reliable process and asset management software for freight transportation, passenger transportation, and logistics, we can develop products that offer better use of infrastructure and resources, lower operating costs, and a high level of security.
Influence of Blockchain on the Transportation Industry
Our way of life depends on the transfer of products, service, and value. Elizabeth Drew, a writer from Masterra with years of experience in logistics, underlines the role of this sector in the global economy: “The logistics industry gives jobs to more people than any other industry. It grows constantly, and we need to implement innovative solutions to cope with the growth of the shipping needs.”
The Internet of Everything creates new challenges associated with connected devices. They require a higher level of security, and blockchain is the best solution to date, as its protection is ensured by advanced encryption methods, distributed ledgers, and smart contracts. These features of blockchain allow us to tackle theft, ransomware, corruption, premium fees, and problems with tracking.
The implementation of the blockchain technology allows companies to save $50 billion a year at first, and more than $500 billion a year after blockchain networks reach the mass market.
However, efficiency isn’t the main feature of this technology. It allows us to make the whole system less dependent on numerous intermediaries and significantly improve its transparency. For example, when buying a car, it’s important to know that it wasn’t involved in accidents that led to a serious structural damage. Having accessible records on the car history, salesmen wouldn’t be able to sell a car after major accidents.
HOW DOES BLOCKCHAIN WORK ON LOGISTICS
Blockchain is an unprecedented opportunity to transform the logistics and supply chain with huge benefits to businesses and customers. Information recorded on the Blockchain cannot be modified or deleted by anyone. This way, Blockchain creates a secure platform that provides credit and assurance on information recorded on the Blockchain, upon which businesses can collaborate.