How a blockchain-based scheduling platform smooths the supply chain industry
The Blockchain Xdev developed a blockchain-based solution interconnecting different scheduling platforms to each transportation company’s available transportation slots.
GS1 is the global, not-for-profit standardization organization created by business to facilitate information exchange and trade.
France is in the forefront of a supply chain blockchain consortium initiated by GS1. The global non-for-profit leader has partnered with The Blockchain Xdev and IRT SystemX to provide a standardization of the communication process in the supply chain
For the supply chain industry, efficiency can now only be found on a macro level, smoothing the entire chain of transport. That requires collaboration among often competing companies.
A collaborative scheduling platform run within a trust environment where information can be exchanged smoothly between transportation companies.
One blockchain-based solution interconnecting different scheduling platforms to each transportation company’s available transportation slots
We conducted research that demonstrates one truck out of four could be off the road by interconnecting agendas of the industry players.
Head of Innovation GS1 France
Poor interoperability and communication
Digitalization has complexified the process of scheduling a transportation slot, as various scheduling Platforms have emerged. Transportation companies need to deal with as much as 30 different systems.
Transportation slots are not dynamically managed in real time to adapt to changing situations (traffic delays, unexpected events). Truck drivers often spend more time waiting than driving.
Trust drives efficiency
We’ve developed a collaborative tool for Transportation and Logistics companies running on a decentralized platform. It allows them to communicate and share in a trustworthy environment via one user-friendly interface:
- Transportation slots and real-time tracking data through the distributed ledger. Various agendas are interconnected, and transportation flows are tracked and certified.
- A collaborative optimization process – a smart contract allowing dynamical rearrangement of scheduled slots dependent on effective tracking data and potential issues.
- Slots can be valued in order to provide a dynamic market between the various transportation companies.