Ocean Protocol partner with dexFREIGHT to enable transportation and logistics companies to monetize data- PART 1 HSV GTS Follow Jan 18 · 4 min read

In late 2019 Ocean Protocol partnered with dexFREIGHT, this article is part 1 in a series of articles that will follow as further exciting details become known about the partnership.

What does dexFREIGHT offer ?

In simple terms dexFREIGHT are transforming the way brokers, carriers and other supply chain stakeholders collaborate to move goods worldwide.

A Trust Layer Sorely Lacking in the Logistics Industry

dexFreight is powered by an ecosystem of open source protocols using smart contracts and machine learning to deliver unprecedented visibility, transparency and a trust layer that is sorely lacking in today’s logistics process.

The platform features an industry-first blockchain-based verified identity and objective reputation system that allows shippers and carriers to meet, find business and negotiate deals in a peer-to-peer marketplace with less friction.

Awards & Achievements

Recognized for two consecutive years as one of the most innovative and disruptive freight technology companies by FreightWaves.

dexFreight is a proud Alumni of the 500 Startups Growth Program Miami 2019

Why Blockchain?

Sovereign Identity

User managed identity.

Digitized Transactions

Use of smart contracts for immutable rate negotiations and workflow tracking.

Smart Contracts

Using untampered data shared with counterparties.

Objective Reputation

Smart contracts driven reputation system.

Peer to Peer

Direct collaboration between all actors in the supply chain.

Monetize Data

Users own the data and get compensated for sharing it.

Tokenized Payments

Instant, cross-border payments.

Third-party Apps

Ready for app integrations and developer community.

Low Cost

More money for carriers and less cost for shippers.

Data asset pricing in Web 3 marketplace (dexFREIGHT)

dexFREIGHT are huge believers of Web 3 movement. They hold a firm belief that users always have the first right to their data and be able to monetize it. This belief has led them to partner with Ocean Protocol/BigchainDB and create a much-needed logistics data marketplace powered by smart contracts, whereby companies can buy and sell logistics data at their will and change the “rent seeking” paradigm that has plagued other marketplaces. One of the critical parameters in the data marketplace is pricing or valuation of user (shipment) data.

What can Ocean Protocol offer dexFREIGHT ?

Ocean will enable dexFreight users to exchange live market information in a very secure way without compromising the ownership or privacy of the data. 1 out of 3 trucks on the road runs empty, $300 million wasted daily in the US alone, solving this will be a game-changer.

Recently the Ocean Protocol Community held an AMA with Justin Banon, CEO of Boson Protocol, a company building a planetary-level Web 3 product data marketplace on top of Ocean Protocol.

Mr Banon was previously COO of dexFREIGHT and is still their strategic advisor working on their overall strategy, token and business model design pattern.

Mr Banon designed the business model for dexFreight and Boson in alignment with their Web3 design pattern:

* dexFreight coordinates logistics and monetises the data via ocean in an equitable way.

* Boson coordinates physical asset exchanges and monetises the data via ocean in an equitable way.

Leadership Team

About dexFREIGHT and their Vision, Mission and Values

Why dexFREIGHT and their early adopters rewards program

News Room

Blog

Conclusion

As mentioned at the beginning of this article this is part 1 in an ongoing series of articles which will be released as further developments are announced between Ocean Protocol and dexFREIGHT.

I can see this partnership having a huge global effect for both parties and are very excited to soon learn more, stay tuned for Part 2.