Blockchain in Freight Pricing

Blockchain in freight pricing is a technology that records and verifies all transportation transaction data on a secure, digital ledger. It enables shippers, carriers, and brokers to share transparent, trustworthy information about costs, routes, and delivery terms without intermediaries. This reduces disputes, speeds up payments, and ensures data integrity. By providing a decentralized record accessible to all authorized parties, blockchain streamlines negotiations and fosters trust, leading to more efficient and fair freight pricing processes.