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Parking app enables truck drivers to reserve parking spots in dexFreight’s network.
BTCenEspañol – Hector Hernandez – dexFreight, Logística, blockchain, Defi, RSK, Comunidad Blockchain, Maker DAO, Emprendimientos
The dexFreight omnichannel data marketplace, powered by Ocean Protocol, enables transportation and logistics companies to aggregate and monetize operational data.
dexFreight and Ocean Protocol are building the first Web3 marketplace for logistics industry to unlock and monetize data.
Today, RIF, whose decentralized application protocol is powered by Bitcoin smart contract platform RSK, announced that dexFreight, a decentralized logistics platform, will begin the integration of RIF’s Storage and Payments solutions.
In this blog, we explain why interoperability is critical in the logistics industry for the widespread adoption of blockchain.
dexFreight is proud to announce that it has been selected as 1 of the 9 companies from 225 applicants to participate in the 500 Startups Growth Program in Miami.
Sunrise, Florida – June 25, 2019— dexFreight, providers of a decentralized, blockchain-based logistics platform, today announced it has been named to the 2019 SDCE 100 by Supply & Demand Chain Executive, an annual listing highlighting 100 great supply chain projects.
Sunrise, Florida – March 8, 2019-– The blockchain-based logistics platform dexFreight, announced today a partnership agreement with CargoX, an independent supplier of blockchain-based Smart Bill of Lading (Smart B/L™) solutions.
Blockchain is a digital ledger in which transactions are recorded chronologically and publicly. In simpler terms, “A Blockchain is a diary that is almost impossible to forge.”
Dear dexFreight community,
We want to thank you for your support throughout 2018. This past year was an exciting and challenging one for dexFreight, and it would not have been the same without your trust and encouragement. Our company progressed drastically.
Of all the industries in the world today, logistics is the largest. In the United States alone, it constitutes over 8% of annual GDP, and as demand for goods from distant lands continues to grow, so does the industry itself. By 2023 it is forecasted to reach over $15.5 trillion globally.
But with growth comes pain. This slice of the global economy is riddled with problems. The multiplicity of stakeholders that do not necessarily know or trust each other has led to over-reliance on non-value-added intermediaries, creating data silos that cripple the possibility of achieving higher levels of efficiency.
The traditional way of doing business just isn’t enough for this increasingly complex web of activities. But blockchain has the potential to overcome this. The integration of blockchain technology into the supply chain is expected to align incentives and speed up efficiency from all angles. Companies like dexFreight are unleashing this technology to the benefit of shippers, carriers, 3pls and receivers on every corner of the globe.
Blockchain is a digital ledger in which transactions are recorded chronologically and publicly. Yet this simple definition barely scratches the surface of its multi-dimensionality, which we’ll delve into later.
First and foremost, there is the Blockchain, which works like a freight train. As it moves swiftly along the tracks it is openly visible to external spectators, letting them know that a general transaction has taken place.
Unlike the logistical processes widely used today, which continue to rely on email, fax machines and paper, transactions on the dexFreight platform are digitized by the use of smart contracts. A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiations and transfer of value. These transactions are trackable and irreversible.
Thanks to this technology, it is impossible for a user to conceal any blemishes on their integrity. Why? Because the details of each previous transaction have been objectively recorded in the blockchain. Imagine the exterior of each train car displaying a stone ledger with the details of previous transactions (delays, successful deliveries, delayed payments, etc.) etched in by all parties involved when the transaction took place, for everyone to see.
This is just a metaphor, of course. The activities in mention are digitally engraved into the blockchain and unalterable without the approval of all parties involved in the transaction. This enables a whole new level of objectivity, transparency, efficiency, and trust.
Digitization and virtual consolidation on transactional data is the bridge that will allow supply chains to join the fourth industrial revolution, reaching levels of optimization and process automation that were previously impossible. Ultimately this means shorter times and lower costs to get products into the hands of end consumers.
dexFreight is building a blockchain based platform that will be owned by users, designed to foster effective collaboration with optimal levels of visibility and accountability for all parties involved.
Decentralized Logistics Platform Allows Shippers, Carriers and Other Supply Chain Stakeholders to Transact and Collaborate More Efficiently, Transparently and Securely
dexFreight, a decentralized blockchain-based logistics platform was chosen as one of the 2018 Freight.Tech100 companies. Nominations were sought, and a panel chosen by FreightWaves narrowed the list of more than 500 nominations to 100 companies.
In this document, we describe in high-level use cases and strategies to implement machine learning algorithms to provide platform users with benefits such as intuitive selection of loads, carriers, and shippers, trip chaining and revenue maximization, cost prediction, and more. Machine learning algorithms can only be performed on archived and real-time data. In such cases, users will “opt-in” to allow dexFreight to store and access their historical data.
Two blockchain technology startups — one from Nova Scotia and one from Miami — have signed memorandums of understanding to establish operations in the University District.
Read the full original post from The Memphis Business Journal here
For the past 20 years, dexFreight’s co-founders have been firm believers in innovation. As freight brokers, freight forwarders, carriers, logistics staffing, and technology developers, the founders were convinced that technology held the key to resolving a lot of the challenges faced by the industry, but a piece of the puzzle always seemed to be missing. Until blockchain came along.
It’s been an awesome, but intense last few months. After months of hard work, dexFreight is rocking and rolling. Kudos to all hard work by co-founders and advisors. Thanks to their commitment, we’ve achieved many things in last few months. But challenges lie ahead. Startups like any other organization need an appropriate structure to overcome those challenges.
dexFreight’s co-founders have been in logistics industry for over 20 years as brokers, freight forwarders, carriers, and shippers. When we sat down late last year and brainstormed which problems blockchain technology (with the help of other technologies such as IoT and AI) can impact the most, we came up with following list of problems