Amidst all the noise, the most promising Blockchain-based business models involve multiparty transactions. Logistics businesses like shipping and trucking are prime examples of industries ripe for such blockchain-driven disruption.
OpenPort is tackling this rapidly populating space by focusing its efforts on trucking within a handful of south and east Asian countries. By avoiding international shipments and sticking to trucking, it hopes to establish a foothold among shippers, truckers, and brokers – thus overcoming the network effect tipping point problem that plagues all similar blockchain-based business models.
To foster a decentralized, token-based economy, OpenPort executives and various ecosystem participants founded the non-profit Open Enterprise Logistics (OEL) Foundation. OpenPort will serve as a paid service provider to OEL.
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