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Key Points
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Potential Value Opportunities
India using blockchain to track containers in Logistics - 2021
the central board of indirect taxes and customs under the country’s finance ministry launched a pilot electronic cargo tracking system (ECTS) project based on blockchain technology. This aims to achieve secure documentation and GPS-based tracking of containers.
If this test run is successful, the initiative may be launched across India after an assessment of costs, time savings, and compliances,
“The test run is being done within Delhi…for liquor,” the official told Quartz. “Liquor is a sensitive item, and it changes hands very frequently. It has been done in consultation with all stakeholders—the customs, the importers, the warehouse owners.”
India processing invoices with banks on blockchain
15 Indian banks came together to form an entity Indian Banks’ Blockchain Infrastructure Co to empower blockchain-enabled projects. One of them, involving the processing letters of credit, GST invoices, and e-way bills, is likely to use Infosys’s blockchain-based platform.
Freight Logistics using Broker Networks
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Broker Cost vs Efficiency
One of the many examples that illustrates the broken, unfair and outdated broker machine encompasses the fact that brokers routinely consume 40-70% commissions on freight movements, with those margins essentially pulled from the pockets of hard-working drivers. Even worse, freight brokerages – which are largely unregulated - are not required to reveal how much a shipper has paid them to haul a load. So carriers are kept in the financial dark. Apart from the fact that the broker machine is often hustling shippers, carriers and drivers out of money - their systems lack efficiency. Common problems are the lack of visibility into real-time capacity, the lack of direct connectivity, unforeseen detention times, empty truck miles, and many more, resulting in inefficient and skewed supply chain metrics.
Shipping Challenges in Supply Chain ( 2021 - LaneAxis )
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LaneAxis = Blockchain + AI to solve shipping problems
LaneAxis’ focus is on the persistent two-pronged problem, namely
1) connecting shippers directly to carriers and
2) managing the complicated process of a freight movement from A to Z - from contracts to insurance certificates to shipment documents - all the way to the final proof of delivery.
Thus, providing an all-in-one system that eliminates brokers, enables shippers to find and connect to qualified carriers directly, and crucially manages and monitors all aspects of the freight movement right down to the consumer.
Explainer video for blockchain shipping network vs current broker solution
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Potential projects built on Agstack
Agstack Architecture
AgStack, announces a liaison with LF Edge and EdgeX Foundry to dock existing EdgeX software for IoT into AgStack’s IoT Extension
Food Supply Chain
Distribution models ??
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Legal Terms and Documents
I have shared the legal artifacts on Blockchain and would appreciate your views.This will help our attorney draft the contents precisely matching our expectations.
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https://paramountsoft.atlassian.net/wiki/spaces/FAR/pages/264077353/Problem+Statements
Sprint Reviews
Step-by-step guide for Example
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