Blockchain

We have built an extensible Node of the Block that can fit in the palm of your hand.

 

Developing a Dispatching and GPS tracking Blockchain tech doesn’t come easy.


It can be stored at your facility to communicate with the rest of the network Blocks, including your handheld devices in the field.

It is your information logistics solution in the palm of your hand.

It is a Block of the 3-Tier information system working with Clients and Middleware in a Server Oriented Architecture.

It can be customized to support your company’s information needs.

It can be used to complete your business information systems needs by providing hosting and services where needed.

It is extensible and can be deployed on your local cloud or ours.

ELD BlockChain.


We partner up with ELD software vendors to provide a central repository for the records of the Driver Logs. Here, we then collect the data from those vendors at the Driver level to provide the Driver with their Collective Log from all ELD vendors that they use. This way, they have an ability to stay compliant with the statute without having to go through a process set up by the Carrier to obtain their Driver Logs. We then provide this information to the FMCSA at a checkpoint to validate the compliance of the ELD the Driver is currently using. See below for an example.

We have built an extensible Node of the Block that can fit in the palm of your hand.

Since the logs belong to the driver, they should follow the driver no matter which ELD the driver is using…. It makes sense for the Driver to be backing up all the Driver ELD data in the ELD BlockChain repository for retrieval later on demand by either the DOT inspector or their Carrier for scheduling.

Say the Driver John works driving a bus during the day using an omnitracs ELD and is a part-time driver for a trucking company using a peoplenet ELD…

Now imagine the driver getting pulled over for HOS inspection by an officer and all the officer needs to check it is the drivers’ license….

It makes the process go more smoothly and quickly as the officer checks our driver data-layer for this drivers’ HOS ledger and runs an HOS report on our system against their ‘wallet’…

Yeah, that is another event horizon, HOS is an asset that belongs in the drivers’ ‘wallet’..

The carrier wants to know if they can schedule the driver, so they check the drivers’ ‘wallet’ and runs a report on the HOS for the driver and walla!

This is why we made the choice not to get into the ELD software making biz..


What is Blockchain Technology? 
What is Blockchain Technology? A step-by-step guide than anyone can understand

“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”-Don & Alex Tapscott, authors Blockchain Revolution (2016)

A distributed database

Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understanding of the blockchain.

Information held on a blockchain exists as a shared — and continually reconciled — database. This is a way of using the network that has obvious benefits. The blockchain database isn’t stored in any single location, meaning the records it keeps are truly public and easily verifiable. No centralized version of this information exists for a hacker to corrupt. Hosted by millions of computers simultaneously, its data is accessible to anyone on the internet.

To go in deeper with the Google spreadsheet analogy, I would like you to read this piece from a blockchain specialist.


Blockchain as Google Docs
What is Blockchain Technology? A step-by-step guide than anyone can understand

“The traditional way of sharing documents with collaboration is to send a Microsoft Word document to another recipient, and ask them to make revisions to it. The problem with that scenario is that you need to wait until receiving a return copy before you can see or make other changes because you are locked out of editing it until the other person is done with it. That’s how databases work today. Two owners can’t be messing with the same record at once.That’s how banks maintain money balances and transfers; they briefly lock access (or decrease the balance) while they make a transfer, then update the other side, then re-open access (or update again).With Google Docs (or Google Sheets), both parties have access to the same document at the same time, and the single version of that document is always visible to both of them. It is like a shared ledger, but it is a shared document. The distributed part comes into play when sharing involves a number of people. Imagine the number of legal documents that should be used that way. Instead of passing them to each other, losing track of versions, and not being in sync with the other version, why can’t *all* business documents become shared instead of transferred back and forth? So many types of legal contracts would be ideal for that kind of workflow.You don’t need a blockchain to share documents, but the shared documents analogy is a powerful one.”-William Mougayar, Venture advisor, 4x entrepreneur, marketer, strategist and blockchain specialist



“As revolutionary as it sounds, Blockchain truly is a mechanism to bring everyone to the highest degree of accountability. No more missed transactions, human or machine errors, or even an exchange that was not done with the consent of the parties involved. Above anything else, the most critical area where Blockchain helps is to guarantee the validity of a transaction by recording it not only on a main register but a connected distributed system of registers, all of which are connected through a secure validation mechanism.” -Ian Khan, TEDx Speaker | Author | Technology Futurist



What is Blockchain Technology? A step-by-step guide than anyone can understand
“Blockchain solves the problem of manipulation.”-Vitalik Buterin, inventor of Ethereum

A network of nodes

A network of so-called computing “nodes” make up the blockchain.

What is Blockchain Technology? A step-by-step guide than anyone can understand

Node

(computer connected to the blockchain network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the blockchain network.

Together they create a powerful second-level network, a wholly different vision for how the internet can function.



What is Blockchain Technology? A step-by-step guide than anyone can understand

“..has the same character a fax machine had. A single fax machine is a doorstop. The world where everyone has a fax machine is an immensely valuable thing.”-Larry Summers, Former US Secretary of the Treasury


The idea of decentralization

By design, the blockchain is a decentralized technology.

Anything that happens on it is a function of the network as a whole. Some important implications stem from this. By creating a new way to verify transactions aspects of traditional commerce could become unnecessary. Stock market trades become almost simultaneous on the blockchain, for instance — or it could make types of record keeping, like a land registry, fully public. And decentralization is already a reality.

 

 


What is Blockchain Technology? A step-by-step guide than anyone can understand
“I think decentralized networks will be the next huge wave in technology.”-Melanie Swan, author Blockchain: Blueprint for a New Economy (2015)

Who will use the blockchain?

As web infrastructure, you don’t need to know about the blockchain for it to be useful in your life.

Currently, finance offers the strongest use cases for the technology. International remittances, for instance. The World Bank estimates that over $430 billion US in money transfers were sent in 2015. And at the moment there is a high demand for blockchain developers.

The blockchain potentially cuts out the middleman for these types of transactions.  Personal computing became accessible to the general public with the invention of the Graphical User Interface (GUI), which took the form of a “desktop”. Similarly, the most common GUI devised for the blockchain are the so-called “wallet” apps.



What is Blockchain Technology? A step-by-step guide than anyone can understand
“Online identity and reputation will be decentralized. We will own the data that belongs to us.”-William Mougayar, author The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology (2016)

The Blockchain & Enhanced security

By storing data across its network, the blockchain eliminates the risks that come with data being held centrally.

Its network lacks centralized points of vulnerability that computer hackers can exploit. Today’s internet has security problems that are familiar to everyone. We all rely on the “username/password” system to protect our identity and assets online. Blockchain security methods use encryption technology.

The basis for this are the so-called public and private “keys”. A “public key” (a long, randomly-generated string of numbers) is a users’ address on the blockchain. Data sent across the network gets recorded as belonging to that address. The “private key” is like a password that gives its owner access to their digital assets.

A second-level network

With blockchain technology, the web gains a new layer of functionality.

Already, users can transact directly with one another — With the added security brought by the blockchain new internet business are on track to unbundle the traditional institutions of finance.

Goldman Sachs believes that blockchain technology holds great potential especially to optimize clearing and settlements, and could represent global savings of up to $6bn per year.



 George Howard, Associate Professor Brown Universit

“2017 will be a pivotal year for blockchain tech. Many of the startups in the space will either begin generating revenue – via providing products the market demands/values – or vaporize due to running out of cash. In other words, 2017 should be the year where there is more implementation of products utilizing blockchain tech, and less talk about blockchain tech being the magical pixie dust that can just be sprinkled atop everything. Of course, from a customers viewpoint, this will not be obvious as blockchain tech should dominantly be invisible – even as its features and functionality improve peoples’/business’ lives. I personally am familiar with a number of large-scale blockchain tech use cases that are launching soon/2017. This implementation stage, which 2017 should represent, is a crucial step in the larger adoption of blockchain tech, as it will allow skeptics to see the functionality, rather than just hear of its promise.”-George Howard, Associate Professor Brown University, Berklee College of Music and Founder of George Howard Strategic