Blockchain Technology for Transparent and Efficient Trucking and Logistics Operations

The U.S. trucking and logistics industry faces persistent challenges in transparency, inefficiency, and data security, which hinder its operational potential. Blockchain technology offers a transformative solution, enabling transparent, secure, and efficient operations through features such as decentralized ledgers, smart contracts, and real-time data sharing. This paper explores the application of blockchain technology in addressing critical issues such as fraud, shipment traceability, and regulatory compliance. Real-world case studies and examples illustrate its current and potential impact. Despite barriers such as regulatory ambiguity and technical integration challenges, blockchain presents a promising pathway toward optimizing trucking operations, reducing costs, and fostering trust among stakeholders. Keywords: Blockchain, trucking industry, logistics, transparency, efficiency, smart contracts, data security, supply chain, decentralized ledger, U.S. logistics, freight management, digital transformation.

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Publication Details

Journal
INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Published
2024-12-23
DOI
https://doi.org/10.55041/ijsrem26506
Citations
1
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.78
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article

Blockchain Technology for Transparent and Efficient Trucking and Logistics Operations

Bhavya Vashisht
1 citations
INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT
Blockchain Technology Applications and Security
0.78
article

Blockchain Technology for Transparent and Efficient Trucking and Logistics Operations

Bhavya Vashisht
article en
1 citations

Abstract

The U.S. trucking and logistics industry faces persistent challenges in transparency, inefficiency, and data security, which hinder its operational potential. Blockchain technology offers a transformative solution, enabling transparent, secure, and efficient operations through features such as decentralized ledgers, smart contracts, and real-time data sharing. This paper explores the application of blockchain technology in addressing critical issues such as fraud, shipment traceability, and regulatory compliance. Real-world case studies and examples illustrate its current and potential impact. Despite barriers such as regulatory ambiguity and technical integration challenges, blockchain presents a promising pathway toward optimizing trucking operations, reducing costs, and fostering trust among stakeholders. Keywords: Blockchain, trucking industry, logistics, transparency, efficiency, smart contracts, data security, supply chain, decentralized ledger, U.S. logistics, freight management, digital transformation.

INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENTVol. 08(12)
Ohio Department of Transportation (US)
Openalex Percentile: Top 18%
Blockchain Technology Applications and Security
0.78
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Blockchain Technology for Transparent and Efficient Trucking and Logistics Operations — Bhavya Vashisht · INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT (2024) | TGRS Research Map | TGRS