Freight processing is plagued by invoice disputes, slow cash flow, and conflicts between parties.
The root of the problems in freight processing is that shippers, brokers, carriers, and other parties in the freight ecosystem are sitting on a mountain of information that they cannot use.
FreightX – a collaboration between Transcard, Mastercard and DLT Labs – is changing all that.
FreightX is an industry-first solution that allows all the parties involved in freight processing to share information via a secure digital ledger. The solution was designed for any shipper, broker, or carrier in over-the-road haulage in the United States. Over time, FreightX will be available worldwide.
FreightX uses advanced technology to overcome the challenges of freight processing:
While FreightX is new, the technology it is built on is proven. The distributed ledger technology used by FreightX powers one of the world’s largest blockchain deployments. And the payments and financing technology embedded in FreightX is used every day by hundreds of banks and businesses.
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