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A Blockchain Approach towards Cargo Sharing in Last Mile Logistics

Authors:
Johannes Kretzschmar
Felix Eckardt

Keywords: Blockchain; Last Mile; Logistics; Multiuse

Abstract:
Sharing platforms for freight orders are widely used in logistics today. Through the cross-company sharing, resources can be saved ecologically and economically in the long term. In the field of urban logistics however, such platforms are difficult to implement because the operational scope and profit margin are much smaller. This paper presents a method to implement cargo sharing in the Last Mile context using a peer-to-peer (P2P) network solution based on blockchains and smart contracts. Blockchains allow a secure, verified and consensus-based exchange of information while smart contracts ensure the organization of matchmaking, reliable contracting and order execution. The tight linkage of both technologies to cryptocurrencies and existing platforms also ensures the possibility of easy financial balancing and protecting general conditions.

Pages: 11 to 15

Copyright: Copyright (c) IARIA, 2019

Publication date: June 30, 2019

Published in: conference

ISSN: 2327-2058

ISBN: 978-1-61208-720-7

Location: Rome, Italy

Dates: from June 30, 2019 to July 4, 2019