3.2 dKargo의 Solution

Providing credible data through a public ledger based on blockchain

dKargo will provide a credible public ledger by recording information that is needed for collaboration such as the freight’s contract information, freight’s condition, the participant’s previous records, and their available resources on the blockchain. This will lay the foundation of the logistics platform. For example, the platform participants can easily access the recorded data. At the same time, the tamper-proof data will provide the transparency needed for collaboration. This will allow dKargo to provide a safe environment for collaboration and solve the problem of lack of trust which was a major drawback in the logistics industry.

In order to ensure collaboration among participants, it is essential to clearly acknowledge the contribution and responsibility of each participant to minimize disputes. Currently, data isn’t being shared among logistic companies because each company is creating and managing their own data. If a problem occurs under such circumstances, trusting another company’s data is difficult since data owners can tamper the data to their advantages. For example, a problem can occur if temperature control is mismanaged during the transportation of pharmaceutical products in cold chain. However, under the current structure, it is possible to tamper the data of the previous storage temperature and avoid any responsibility. Such unreliable data will make it difficult to clarify where the responsibility lies when a problem occurs during collaboration. Furthermore, the high costs spent to prevent such disputes often defeats the purpose of collaboration.

Blockchain technology is characterized by transparency and prevention of data tampering. These traits are suitable for providing credible data to the platform participants. Through blockchain, dKargo can provide credible data at low prices to the platform participants and minimize disputes that may arise due to untrustworthy data.

The credible data recorded on dKargo’s platform will allow participants to clarify their contribution and responsibility for their services. The logistics service’s goal is to provide safe freight delivery. When this falls through, identifying who is responsible for compensation becomes a contentious topic.

This forces companies to make complex contracts to minimize collaboration risk or just refuse to collaborate all together. However, on dKargo’s platform, all contract and freight information of every stage will be recorded on the blockchain, so it will be clear who bears responsibility. Hence, participants will be less likely to face disputes without having to deal with any complex and cumbersome paperwork.

Participants are sharing their available resources and transaction history on the dKargo platform, which allows them to find their optimal partners. Under the current structure, even if participants want to collaborate, it’s difficult to find ideal partners. Even if they do find them, it’s difficult to confirm if they have the necessary resources at the time of collaboration. Limited information makes collaboration difficult because it increases the costs of finding a partner or creates an entry barrier. dKargo’s participants can access credible data about their partners’ history on the public ledger. Also, data on available resources will help participants find their ideal partner at the time of collaboration. This will allow each participant to not only increase the efficiency of their own logistics service but also make the entire logistics network more efficient by optimizing the use of their limited resources.