Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups in the logistics industry. As there is a large number of startups working on a wide variety of solutions, we decided to share our insights with you. So, let’s take a look at promising blockchain solutions for commercial vehicles.
Heat Map: 4 Top Blockchain Startups
For our 4 picks of blockchain startups, we used a data-driven startup scouting approach to identify the most relevant solutions globally. The Global Startup Heat Map below highlights 4 interesting examples out of 320 relevant solutions. Depending on your specific needs, your top picks might look entirely different.
VinChain – Vehicle Information Storage
Many companies that operate with commercial vehicles are seeking more secure ways of storing information about these vehicles such as their legal entities, registration details, and technical characteristics. Blockchain’s distributed ledger technology helps to keep this data on many unchangeable storage units within the network. For example, Estonian startup VinChain stores necessary information on commercial vehicles such as registration time, insurance, leasing, paid API, and other details in order to avoid fraud, changes or deleted information.
Modum – Controlled Transportation Conditions
Controlling the conditions in which products are being transported is essential for high-quality deliveries. Getting actual proof that the product is held in good conditions regarding temperature, tension, or shake rate can be achieved through smart contracts that are stored on a blockchain. Swiss startup Modum monitors the temperature for pharmaceutical products that are in transit. Blockchain technology, paired with Internet of Things (IoT) sensors provide proven and transparent information about how medical supplies are being transported in commercial vehicles.
ShipChain – Supply Chain Management
Full transparency in the supply chain system is only possible if each shipment is validated from the very beginning of the order placement to the time it has reached its final destination. Blockchain technology enables this transparent tracking process by validating each shipment via smart contracts. The US-based company ShipChain, for instance, provides an end-to-end track and trace system that displays the delivery process from shipment to the final destination.
300cubits – Blockchain-Based Shipping
Blockchain shipment deposits may improve trust between buyers and shippers. Anonymity, cybersecurity, and data security are features which create the modern bitcoin for the shipment. For example, 300cubits is a startup from Hong Kong that offers two sides to submit a TEU token deposit to sustain a transparent contract for confirming and submitting a booking.
What About The Other 316 Blockchain Solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence for your Proof of Concept (PoC), partnership, or investment targets. The 4 blockchain startups showcased above are promising examples out of 320 we analyzed for this article. To identify the most relevant solutions based on your specific criteria and collaboration strategy, get in touch.