From Todd Dills, Overdrive:
Blockchain in Transport Alliance President Chris Burruss sees location data as ripe for blockchain treatment, both for backward-looking and real-time tracking purposes. Cellular and telematics tracking of location data is nothing new, but blockchain systems could do a better job of allowing such data to be harnessed for automating detention-pay contracts and helping drivers and shippers/receivers work within available hours.
Existing technology makes it possible to define a geofenced location within another geofenced location. Using geofencing and sensor-produced shared data could add sophistication to pricing schemes in smart contracts.
For example, when a driver crosses the receiver’s first geofence boundary, it triggers an update for the receiver, which could include the driver’s available hours if he’s using an electronic log, and sharing of information about docks with the carrier, Burruss says. Then if the driver “sits in the line for two hours,” the system knows it. “There’s a secondary geofence then around the dock. You now have a record of when that driver entered the secondary geofence to unload.”