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.
Authors
- Bhavya Vashisht
Institutions
- Ohio Department of Transportation (US)
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