If blockchain technology allows us to more securely and transparently track all types of transactions, imagine the possibilities it presents across the supply chain. Every time a product changes hands, the transaction could be documented, creating a permanent history of a product, from manufacture to sale. This could dramatically reduce time delays, added costs, and human error that plague transactions today.
Documenting a product’s journey across the supply chain reveals its true origin and touchpoints, which increases trust and helps eliminate the bias found in today’s opaque supply chains. Virtually any number of participants, accessing from any number of touchpoints, is possible. A shared, indelible ledger with codified rules could potentially eliminate the audits required by internal systems and processes.
What Is LaneAxis?
LaneAxis is in the process of transforming the global logistics industry by building a Shipper-to-Carrier direct optimization blockchain network powered by smart contracts. The platform, once in action, will drive massive, cost-saving efficiencies into the industry and fuel growth of new business paradigm in freight logistics.
With LaneAxis, moving products from one point to another will no longer be a cumbersome and clumsy process. The LaneAxis blockchain will empower shippers and carriers to streamline and automate numerous key processes. As a result, shippers and carriers will no longer have to employ costly third-party vendors such as freight brokers, third-party logistics groups, and freight forwarders, many of whom charge up to a 30% fee to handle transactions.
How LaneAxis Blockchain Trucking & Freight Shipping Coin Works
The LaneAxis Blockchain injects total security and data integrity into the notoriously disorganized freight and logistics sectors. Utilizing smart contracts on the blockchain's immutable ledger, Shippers and Carriers can now deal directly with each other, bypassing expensive third party freight brokers.
The LaneAxis Blockchain verifies and stores all key data and documents involved in a freight movement, including Shippers' contracts, insurance certificates, Department of Transportation registration numbers, and Commercial Drivers License information. During transport, the LaneAxis ledger stores critical data in real-time, including proof-of-pickup, GPS location tracking, exception management, and proof of delivery. The LaneAxis Token serves as an API key granting access to the LaneAxis Blockchain Ecosystem.
LaneAxis AXIS Token ICO Details
To increase incentivization for proper actions by participants in the ecosystem, and to facilitate fair trade, LaneAxis will utilize the AXIS token. Utilizing the token will incentivize trade partners to participate fairly within the regulatory framework. A few benefits of AXIS tokens are data access for fair participation and trust, regulatory readiness by providing validation in the system and decreased operational expenditures. As the token is utilized, its utilitarian value will increase, while the cost for all participants will decrease.
50% of the tokens generated will go available in the Pre-Sale and 20%in the Crowd Sale. 10% of the tokens will be given to the team for the efforts of building the platform, 2% for the bounty campaigns, which is one of the most effective marketing channels, 2% to the logistics community and finally, 15% will be set aside in the reserve for utilization in unforeseen circumstances.
The global logistics market will reach $15 trillion by 2023! Data integrity has never been more important for the industry. The LaneAxis blockchain ledger will serve as an airtight and immutable record of all freight transportation transactions, emerging as the most trusted source for business intelligence across the entire freight transportation landscape.
More details about the platform and its token are available on laneaxis.io/