Changing the way cargo shipment companies operate with blockchain Oracles
International and local air cargo, trucking and shipping companies have a lot on their plate with the need to manage large number of shipments around the globe. Movements from one warehouse to the other, customs and the final delivery need to be in full control, nothing can be overlooked. Highly developed logistics and tracking processes are the backbone of every company striving to be successful.
The price of a mistake is high in the industry. If a cargo is delayed or even lost, it doesn’t only trigger a chain reaction of disruptions, it can also result in significant financial burden and a breach in the reputation of the carrier. The larger the company is, the more precise records it must keep to prevent chaos from emerging. Swift and reliable system shall be in place to monitor every stage of the shipment.
ChainThis Oracles can become an ideal tracking tool for the cargo carriers, sealing every step of the process on the blockchain. An Oracle can be created with a condition to be posted at a certain time, corresponding with a predicted shipping milestone. If something happens and the cargo doesn’t arrive, Oracle will make an alert about it.
How it works:
- Cargo is shipped by a carrier company
- Every stage of the shipment is logged via ChainThis Oracles
- Records are kept on the blockchain with full access at any point in time
As blockchain can’t be tampered with by design, there is no need to additionally monitor or secure it, all the guarantees are already in its intrinsic qualities. All that’s required is just to create an Oracle with ChainThis, paying the network fee, and the data will be published as is. We believe that shipment companies can greatly benefit from Oracles, making the whole process more transparent and troubleproof.
To discuss partnership opportunities, contact us at partners@chainthis.com.
