IoT and Blockchain Meet Logistics with LaneAxis – Inside Bitcoins – News, Price, Events
While the trucking industry is of fundamental importance in the U.S., generating $800 billion in revenues annually, it is undermined by inefficiencies that slow down the logistics process, put drivers at risk and increase costs.
These inefficiencies also result in wastage and health hazards and adversely impact the environment. LaneAxis, a blockchain-based shipper/carrier direct optimization platform, is leveraging patented technology to address all these issues and drive further efficiency improvements in the industry. Their goal isn’t simply to disrupt trucking and logistics – it’s to upend it entirely.
According to a report by the U.S. Department of Transportation, trucks cover over 20 billion miles per year with empty hauls. There are an estimated one million empty trucks on America’s roads every day. Given the average time spent on the road (six hours) and single-digit average miles per gallon figures, the amount of additional CO2 emissions by these trucks weighs double the Empire State Building!