Truck with smart contract reaches its destination
The first shipment, which had the bitcoin platform as a security point, was successfully completed as indicated by the company
The company DexFreight announced that this week it successfully completed the shipment of food between Medley and Sunrise, Florida district, which was using smart contracts.
The startup, which used a platform based on bitcoin blockchain technology, is working on the development of a transport mechanism using Rootstock (RSK).
“For this first truck shipment, DexFreight partnered with Netuno USA, one of the fastest growing seafood wholesalers, Arel Trucking, Inc., an asset-based carrier with more than 180 trucks, and RSK, the first platform of intelligent contract guaranteed by bitcoin The funds for the transaction were held in escrow for the smart contract on the RSK platform and were automatically delivered to the carrier at the time of delivery,” the press release issued.
This type of transactions will allow in the future the management of more reliable and secure payment methods, as well as presenting greater transparency in the process.
The registration of these data could increase the competitiveness of small businesses. Since a system based on merit in which real-time statistics of delivery times, damages and the like would give any company the same opportunity to compete with other more established.
“DexFreight solves the problem of false documentation by making our transactions with senders completely transparent, and so we can receive payments for the service we provide. This technology is the way of the future for the entire truck industry,” explained Robert J. Julia, Finance Director at Arel Trucking.
K. Tovar
Source: CCN
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