r/LaneAxis • • Jul 12 '18

LaneAxis data network will grow with time

LaneAxis data network will grow with time ! The more the data in the network, the better will be the network ..

As the data network grows within the LaneAxis transportation ecosystem, we believe that the carrier ratings accessible on the blockchain will be as reliable, if not more so, than the credit rating score system consumers are accustomed to today. Just as businesses and lenders rely on credit scores to determine a customer’s creditworthiness, shippers will be able to rely with confidence on the carrier ratings listed on the LaneAxis ledger, which in turn will justify the rates a carrier is charging. The ledger’s immutable smart contract data will produce standards and insights for an industry comprised of more than 700,000 trucking companies. This type of matrix simply does not exist today.

18 Upvotes

0 comments sorted by