Tag: laneaxis

 

Introduction to LaneAxis:

Laxeaxis is a software-based platform which is integrating the blockchain technology to the transport or trucking industry. By eliminating the third-party involvement, LaneAxis will be cost-effective for the industry because the shippers will be directly connected with the carriers. By using the blockchain technology, Laxeaxis is increasing the efficiency of the supply chain network by eliminating the traditional process of shipment operations i.e fax machines, paper process to initiate, phone calls and track of shipment. With the aim to revolutionize the automation and logistics control, LaneAxis blockchain wants to integrate smart contracts, distributed ledgers, and blockchain technology in each transaction and digital asset.

What is the Mission of LaneAxis?

LaneAxis has the vision to be the first blockchain based industry platform which will facilitate and accelerate security and transparency of logistic sector and trucking. By creating a digital utility token which can be used for all transactions within the blockchain based ecosystem, LaneAxis is enabling the efficiency, accuracy, and transparency of the exchanged data on the platform.

How will LaneAxis help the shippers?

By using the blockchain technology the shippers will be able to conduct, track and manage the transactions. With the use of LaneAxis, they can save their money and time across the network, bolster the inventory management, cut the frauds and digitize the processes.

 

What are the problem in traditional truck industry?

Transportation is the backbone of U.S economy whose market is more than $800 billion/ year. For centuries, the disjointed patchwork of the operational processes is running this crucial sector. The shippers and carriers are connected by a third party which is known as a broker. the broker acts as an old mean of tracking & communication and his involvement leads to the loss of potential income and increase in costs. Due to the unexpected delay in shipment, wastage of time for searching a carrier for each shipment and inadequate communication to the shipper leads to huge loss in the traditional trucking system.

The solution provided by the LaneAxis:

By eliminating the middleman (freight broker), LaneAxis is formulating a direct shipper-carrier network. This platform is improving the business process of the whole transportation industry by providing the best solution to the trucking system. LaneAxis has the vision to provide a one-stop solution platform to the trucking system by simultaneously managing and monitoring the insurance, contacts, lane availability, driver or carrier rates, payments, renewal dates.

 

Benefits of using LaneAxis blockchain technology:

• Blockchain technology of LaneAxis is improving the supply chain by giving an incredible opportunity to the logistics industry and freights with the formation of a cross-industry platform which can be used by the operators, carriers, shippers, regulators and end users.
• Blockchain technology is providing the best solutions i.e. transparent and verifiable maintenance records, fair & more efficient processes for disputes over freight claims, on delivery immediate payments to the driver and quality and storage of safety records or carrier history on the blockchain immutable ledger.
• Blockchain technology makes the platform highly trustful because the transaction process is completely transparent and it eliminates the involvement of the intermediaries.
• Blockchain technology will fully digitalize the transactions by removing the gap between the physical transaction and analog.
• When the companies will utilize the blockchain to full potential, then it will increase the market share.
• Lineaxis blockchain technology will simplify the complex and costly trucking system. Each shipment will be based upon the self-executing smart contracts with coded rules and requirements. So, if any shipper will try to modify the contract requirements or business rules then the information will be automatically distributed to the carrier network and the carriers have to comply with the new rules.
• This technology will allow the customers to track the routes, estimate the delivery time and see the delays within few seconds.

 

In which country the Laneaxis platform will work?

LaneAxis is a virtual network marketplace which directly connects the carriers and shippers with each other to produce transparency and efficiency, so this platform will provide its services all over the world. The Internet has made this world a global village, so there is no better shipping technology than the internet. By using the LaneAxis app which can be easily downloaded, this platform is providing complete transparency to the national network because the smartphones are providing best integration of the capabilities of the internet.

Which token is used on this platform?

The digital token which is used on the platform of LaneAxis is known as Axis token. It is digitally based upon the Ethereum blockchain and serve as a mean to LaneAxis immutable ledger. The user can use the AXIS token for accessing different features, earning rewards and transacting the services within the blockchain ecosystem of LaneAxis.

This token will allow the users to track the shipment from pre-pickup to the final delivery. The blockchain based cost-effective transport system will result in 100% transparent and secure transactions between the carriers and shippers. The LaneAxis mobile app will allow the drivers to get full details on a potential load and gives them an option to accept or reject it. Once the shipment is get accepted, the GPS enabled app will track the truck until it delivers the goods. All documents related to proof of delivery and proof of pickup will be directly uploaded to the LaneAxis platform. This process is immutable and fast on the blockchain and the payments will be made immediately.

Token details

• Hard cap: 300 million AXIS tokens

Token allocation

• AXIS for presale: 63%
• AXIS for private sale: 6%
• AXIS for public sale: 17%
• AXIS for employees, PR, founder: 5%
• AXIS reserve: 5%
• AXIS for bounty campaign: 2%
• AXIS community token: 2%

Conclusion:

LaneAxis is providing the best solutions for the traditional shipment system by securing and optimizing the various processes in the logistics and trucking industry. The blockchain technology is creating a digital roadmap of the routes and the smart contracts are helping in the instant payments. It is providing a transparent and safe platform to connect the carriers and shippers by eliminating the third-party involvement. If you have any interest in blockchain based shipping system then this project is very useful. For further detail visit its site.