A transportation blockchain built to establish order in the chaotic and costly global supply chain
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PRE ICO Dates : 21/06/18 – 20/09/18
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LaneAxis is building a Shipper-to-Carrier direct network powered by smart contracts employed on the blockchain’s immutable ledger. This will drive massive, cost-saving efficiencies into the industry, along with complete transparency and integrity of data. Shippers and Carriers will no longer have to employ costly third-party vendors such as freight brokers, third party logistics groups (3PLs), and freight forwarders, many of whom charge up to a 30% fee, to handle transactions. LaneAxis was recently granted Patent 9,928,475 – “A Shipper and Carrier Optimization Platform.” LaneAxis Virtual Freight Management is a logistics, visibility and data control tool that delivers complete shipment visibility down to the load level.
Deployed as a desktop and mobile app (in a SaaS-based cloud platform), LaneAxis connects Shippers directly to Carriers, giving both real-time tracking and data over every shipment. The LaneAxis platform eliminates the need for expensive middlemen in the freight lifecycle, including freight brokers, third party logistics providers (3PLs), and freight forwarders. LaneAxis is completely shipper and carrier agnostic.
The platform goes beyond delivering just real-time GPS tracking, utilizing patent-pending processes to drill down to the driver level for key details. This includes eta prior to pickup, verifiable arrival times via geofence, verified proof of pickup, verified temperature settings and other metrics, in-transit tracking, accident reporting with photos, verified proof of delivery, and more. Added benefits include improved dock scheduling, fewer empty hauls, actionable business intelligence, instantly archived shipment documents, and notably, the ability to build and easily manage an in-house network of qualified independent carriers.
Industry Key Definitions
Shipper – a person or company that sends or transports goods by sea, land, or air.
Carrier – a person or company that undertakes the professional conveyance of goods.
Driver – a person employed or contracted by the carrier to drive the shipment from its origin to its final destination. a driver must carry a commercial drivers license (cdl) issued by the dot.
Freight Brokers – an intermediary between a shipper and a carrier who organizes and facilitates the movement of the shipper’s freight.
Third Party Logistics Companies (3PLs) – also an intermediary between shippers and carriers, 3pls generally offer more extensive services than freight brokers, including technology, freight accounting, services around claims, contract warehousing, distribution management, and freight consolidation, among others.
Lanes – a specific route that shippers and carriers utilize to transfer goods from the origin location to the final destination. Many companies utilize lanes that they run on a regular basis called “dedicated lanes.”
Freight Types – Freight types in trucking essentially fall under two categories, truckload (TL), and less than truckload (LTL). truckload refers to shipments that require a dedicated truck to move a single shipment for a single company. Less than truckload (LTL), refers to shipments that do not occupy an entire trailer, and generally share space with other LTL shipments. LTL shipments are generally more cost effective since carrier costs are spread across multiple shippers.
Trailer Types – in trucking, there are 3 basic trailer types: dry van (for movement of dry, general packaged goods, refrigerated trailers (also known as “reefers”), and flatbed trailers for movement of oversized shipments.
Geofence – a virtual geographic boundary, defined by gps or rFid technology, that notifies vested parties when a truck enters or leaves a particular area, such as a delivery location.
BOL: Bill of Lading – a document between a shipper and carrier describing the nature of the cargo, amount of cargo by weight, size and/or number of pieces, and the origin and destination of cargo.
POP: Proof of Pickup – generally a signed bill of lading in which the shipper and driver confirm the contents and accuracy of the shipment before the driver departs.
POD: Proof of Delivery – signed documents that show a shipment was received at the delivery location.
EOBR (Electronic on-board Recorder) – an electronic on-board recorder is a digital device attached to a commercial truck to record the amount of time the vehicle is being driven.
ELD (Electronic Logging Devices) – More sophisticated than EODRs, ELDs synchronize with a truck’s engine to capture a wide variety of data including engine power status, vehicle motion status, total miles and hours driven, vehicle speed and location, and much more.
HOS (Hours of Service) – in trucking, Hours of service are a set of regulations that put limits on when and how long drivers may drive.
EDI (Electronic Data Interchange) – EDI is the electronic exchange of business documents between shipping partners in a standardized format. developed in the 1960s, all data is communicated between the carrier, shipper, and the consignee in electronic EDI documents known as ANSI X12 “transaction sets”.