Bitcoin Forum

Launched on 03/01/2020 by the USA-based Freight Trust and Clearing Corporation, the Freight Trust Protocol enables frictionless logistics and trade finance in the logistics and supply chain industry between both local and global businesses and enterprises.

The Freight Trust Protocol is a new smart contract enabled digital freight management platform that provides a 100% legally compliant paperless workflow that enables frictionless communications and business transactions. From automating detention claims to financing trade shipments and negotiating a faster customs-clearance process, the Freight Trust Protocol solves key issues that current legacy systems are unable to fully address. Unlike traditional EDI, the Freight Trust Protocol negates the need to have a paper-based document: by achieving both a legal and technical solution to the issues of physicality and electronic uniqueness that is only achievable by the use of blockchain smart contracts, the Freight Trust Protocol enables the logistics networks of tomorrow, today. Our key points of differentiation include a network and clearing participant rulebook (https://github.com/freight-chain/rulebook) along with template master agreements that govern relationships between carrier, shipper, and broker.