To continue the theme of blockchain, it only makes sense to address some common myths that people in the transportation industry may have heard regarding its uses and implementation. Blockchain has a chance to completely revolutionize the way that the transportation industry (and other industries) does business, however the following are NOT the primary focus of blockchain:
Unfortunately for the financial sector, blockchain is not simply a way to change how trucking companies and drivers alike get paid. Blockchain is a part of both BitCoin and crypto-currencies as the underlying technology. Essentially, blockchain is a large part of how each of these items run.
There tends to be much doubt circulating regarding if blockchain is something that can be utilized in anything other than the tech and finance sectors. As I had mentioned in my last article the transportation industry will need to lead the charge in implementing blockchain in mainstream business practices. Blockchain is certainly not for tech and finance only, and its cryptic nature will allow for all the various daily micro-transactions in transportation to be recorded (reliably) for everyone to see.
On the contrary! Blockchain will do a lot for drivers if implemented correctly. This is where, I think, collectively as an industry we will either fail miserably or succeed tremendously. If organizations like BiTA (Blockchain in Trucking Alliance), in conjunction with government agencies like the FMCSA (Federal Motor Carrier Safety Administration) and DOT (Department of Transportation), can create a regulatory infrastructure geared towards helping drivers, all will benefit. More specifically, if drivers are privy to certain parts of the blockchain involving shipping/loading/unloading times on a regular basis (as well as the carrier), many day-to-day problems will be solved which will lead to more efficient loads being run.
Wrong again! Blockchain is very much a public platform that is quite traceable. There are a few different ways to construct a blockchain (decentralized vs. centralized vs. private vs. consortium, etc.) however the main idea would be to have a public decentralized blockchain with private sections (such as rates not being displayed to company drivers, etc.). If done correctly, Blockchain will show more information, not hide it!
For some people, change can be daunting. For an industry like the trucking industry, I’m sure many would agree that change is nearly impossible, let alone daunting. However, blockchain will not change much other than the overall visibility and seamless-ness of exchanging information. The way in which business in conducted will not change (other than maybe less paper!).
If you are a driver looking for a new professional Class-A driving job and are looking to be respected and paid like you deserve, please contact Truckers America Corp. at 877-789-5778 ext. 2. As a Truckers America driver, you get paid a salary plus additional bonuses. That’s it. There’s no catch. Most of our positions are typically home daily or home every other day (layovers). However, we do pay our OTR drivers quite well if you’re looking to stay out over-the-road. Call and speak with us so that you can make an informed decision. We hope to be working with you soon!