Blockchain to be "broken" in the term of transportation by truck

Blockchain so far has made its dynamic impact after the introduction of crypto currency. However, its potential is not yet optimized. As applied to transportation, or trucking, the most important characteristic is the transparency

Immediate payment for trucking company

One important application of bitcoin is the smart contract. This tool enable the payment to occur once a specific event happens. In the trucking scenario, it is the delivery of the load. For every load transferred to the customer, the transportation company would instantly have their money sent to their account.

How is this possible

The internet of thing takes the huge role. As combined with other technology, bitcoin is accelerated to a new level of applicability. The sensor for example, can determine when a specific event happens. This allow the truck to know the moment at which the load is delivered. And the only condition for the delivery is to see that money has been transfered to the account.

Determining charges, penalty

As the above has mentioned, the sensor technology enable the device to record all the related information of the object: the truck, the driver. Thus, this give the user the so-called transparency, which is the most important characteristic of the blockchain platform. When both the agent and client look at the recorded information, they know how exactly the event happened and determin the associated charges or penalty.