Every industry can benefit from saving time and money. Competition is high in all sectors that streamlining of operations can only bring profits. Among the areas, transportation is probably one sector that needs a lot of modernization. It is a sector that still depends a lot on paper documents and time-consuming procedures.
Another problem that plagues the transport industry is the delay in the receipt of payments. There are also disputes that result in non-payment. There is a need for a transparent and open network that will help the industry solve these problems. dApps which use blockchain technology could be the best solution to the issues.
1. Problems Faced By Transport Industry
The transport industry is facing challenges. All these problems relate to delays in procedures or payments. Even the payment delays occur due to disputes regarding payment terms. Using modern technology in the proceedings can solve the issues.
One of the fundamental problems with the transportation industry is the lack of transparent communication. When goods travel from one point to another, there are many agencies involved. It may go through different types of transports.
These different parties don’t know each other. Communication is not the same across the whole network. One person is not ...
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