GoChain Solutions for Freight & Logistics Our global economy relies on the ability of supply chains to execute rapidly and efficiently. GoChain is modernizing the freight & logistics industry, instilling transparency, immutability, and flexible smart contracts. REQUEST A DEMO The ProblemLegacy supply chains are limiting your potentialModern supply chains have become increasingly interconnected through globalisation. As these networks grow, stakeholders require more and more sophisticated systems or else they risk falling in competitiveness to their peers.Lack of end-to-end visibilityA fragmented, sparsely connected network of stakeholders lacking a unified solution and visibility leads to confusion among carriers and exposes stakeholders to risk such as high costs, fraud, regulatory violations, and more.Difficulty reacting to demand shiftsChanges in the supply chain ecosystem requires flexibility and adaptability. This is increasingly difficult and costly with outdated information systems, resulting in erosion of margins.Lack of transparency into supply chain dataFragmentations and siloed data means that stakeholders are forced to trust each other. Stakeholders are forced to constantly reconcile information to ensure accuracy, resulting in efficiency losses.Introduce trust and visibility to your supply chain with GoTraceTMGoTraceTM is GoChain’s enterprise-ready track and trace platform and turnkey solution.End-to-end track & trace capabilityEnd-to-end mobile (iOS & Android) load/asset scanning with GPS, timestamp and hashed data recorded on the blockchain for traceability and auditability.Prove the source of raw materialsEnd-to-end mobile (iOS & Android) load/asset scanning to prove that raw materials were not “harvested” via unsustainable or immoral practices or from exploited workers.Share immutable data with those who need itIntuitive dashboard, timely alerts, and reporting ensure unparalleled transparency & assurance as well as ability to grant access to other stakeholders as needed.Start tracking your items now using GoTraceTM REQUEST A DEMO SPEAK WITH AN EXPERT“Implementing blockchain to reduce supply chain barriers to trade could increase GDP by nearly 5% and trade by 15%. World Economic Forum In collaboration with Bain & Company and the World Bank Combine AI, IoT & cloud with blockchain to achieve full digital transformationThe industry is currently fragmented with a sparsely connected network of stakeholders that lack a unified solution. GoChain’s public and private blockchains permit stakeholders across the supply chain to share trusted data, erase silos and allow for seamless information flow that’s transparent and secure.Automate processes with smart contractsAs the global supply chain process becomes complex and competitive, freight and shipping companies require new ways of managing their assets in real-time to gain valuable insights. GoChain’s upgradeable smart contracts give your business an edge in the marketplace by tracking every step of cargo transfer. Every participant in the supply chain has access to a secure asset record and receives verification of delivery along with notifications of loss or damage in real-time. Track temperature-controlled goodsAgricultural commodities, medical supplies, and pharmaceuticals are a few examples of perishable goods that require temperature-controlled transport. Smart contracts create a time-stamped record of transfer from the point of origin that allows the receiving party to confidently assess and verify the quality of delivered products. Combining smart contracts with IoT devices, sensors, and AI platforms Most importantly, a transparent ledger of time-stamped conditions also mitigates risk associated with equipment failure, reduced shelf life, and compromised product quality. Match shippers (demand) with carriers (supply)For the broader freight and logistics network, smart contracts can be connected to the brokerage marketplace to identify and match shippers and carriers. A consortium network of independent parties can view purchase orders and requests for cargo transfer at the point of origin, distribution center, and shipyard to accurately connect order bids to fleet operators and expedite order fulfillment. Smart contracts have the ability to validate and process a brokerage agreement between two parties with minimal paperwork and time, which further increases rate of return and ROI. Speak with an expert about combining AI, IoT, cloud, and GoChain SPEAK WITH AN EXPERT~50%Paperwork alone can account for up to half the cost of container transport.$140btied up in disputes for payments in the transportation industry.~87%Cost of paperwork alone in container transport.Eliminate massive expenses from contract executionIt is estimated that a single trade finance deal for a commodities cargo shipment by sea can require 36 original documents and 240 copies from as many as 27 parties. Integrating blockchain in trade finance can save weeks, if not months, freeing up capital for all parties.Automate payments with smart contractsUsing Smart contracts, you can automate processes such as executing payments to stakeholders when their step in the chain is completed.Initiate shipments faster with real-time reviewsMaking financial documents accessible through blockchain allows them to be reviewed and approved in real-time, eliminating delays initiate shipment.Eliminate costly third partiesFree up capital and eliminate intermediaries including banks and insurance companies that are required today.Speak with an expert about decentralized finance for logistics Request a demo“The number one concern of companies related to risk inherent in their extended supply chain is due to visibility shortages. Deloitte Global Supply Chain Risk Survey Top use cases to get transformation started now End-to-end track & traceTransparent tracking of shipments from start to finish. Digital ID for suppliersAccelerates supplier onboarding and lifecycle management by helping suppliers create a trusted, digital identity that they can use with multiple buyers. Counterfeit preventionLeveraging blockchain injects new trust into the system creating a tamper proof record of what is authentic straight from the source. Responsible sourcingConsumers demand ethically sourced products. Prove that items have been sourced responsibly using blockchain-enabled end to end tracking. Start modernizing your freight & logistics business nowChanging the world with blockchain has never been easier. No other company makes it faster or easier to achieve blockchain success. Wherever you are on your blockchain journey, we’ll meet you there. Build your own supply chain solution on GoChain Build your own supply chain solution on GoChain GoChain strives to provide the best development experience possible for anyone looking to build something great on the blockchain. Start building on our developer portal Partner with our experts to co-create a solution Partner with our experts to co-create a solution Looking to build a blockchain solution? Our experts have your back whether you’re on step one or 100. See how we work with clients Integrate your existing application with GoChain Integrate your existing application with GoChain Anything built for web3 can easily be redeployed to GoChain and get the benefits of speed, low gas cost, & energy savings. Moving to GoChain from Ethereum is just a change of an RPC URL and redeployment. You can be up and running in minutes. Why switch to GoChain?
