An Intellyx Brain Candy Brief

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.

Copyright © Intellyx LLC. Intellyx publishes the Agile Digital Transformation Roadmap poster, advises companies on their digital transformation initiatives, and helps vendors communicate their agility stories. As of the time of writing, none of the organizations mentioned in this article are Intellyx customers. To be considered for a Brain Candy article, email us at pr@intellyx.com.

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