dexFreight Blockchain Technology Gains Greater Acceptance Across The Logistics Industry
dexFreight, a logistics market network with fintech capabilities for freight companies to handle shipments from booking to payment in one place using smart contracts, is seeing a rising number of freight companies using its blockchain-based logistics network
SUNRISE, Fla., Nov. 4, 2021 /PRNewswire-PRWeb/ -- dexFreight, providers of a blockchain-based logistics market network, today announced increases in key growth metrics during the third quarter of 2021. Additionally, the company reported on new technology developments in support of expanded use of its blockchain solution.
During Q3 2021, dexFreight exceeded 3,000 companies registered on its blockchain-based logistics platform. That activity drove increases of 29% more loads, 17% more truckload bookings and 51% more drayage bookings than in Q2 2021. Overall, carriers posted 43% more capacity on the platform than during the previous quarter.
"dexFreight's growth is more than a reflection of the success of our technology," said Jim Handoush, president & CEO. "It also showcases the realization among stakeholders that we have the answer to current and long term supply chain issues, including port congestion and the driver shortage. We offer a higher level of collaboration and network optimization for industry participants because our blockchain logistics platform is decentralized and neutral. Unlike other siloed solutions, it's the best approach to the industry's challenges."
Interest in dexFreight is also seen in expanding support for the company's crowdfunding campaign, which has reached 30% of its goal with funding from 37 states and four countries. Over 720 potential investors are now following the campaign.
dexFreight's development team recently unveiled improvements to the platform's matching engine, allowing users to receive more accurate load and truck suggestions. Also released was a new option to search for capacity and loads from a map view as an alternative to the standard list view.
"dexFreight was built from the ground up to empower freight and logistics companies with the right tools and information to make better decisions for handling loads more efficiently," Handoush said. "As we enter the last quarter of 2021, we are excited about our ongoing growth potential and new technological developments that will connect the entire logistics industry, reduce shipment processing times, and increase margins for all its stakeholders."
About dexFreight
dexFreight is a logistics market network with fintech capabilities for freight companies to handle shipments from booking to payment in one place using smart contracts. dexFreight connects carriers, freight brokers, shippers, and other stakeholders of the supply chain through an open logistics network, built on decentralized protocols. For information, visit http://www.dexfreight.io
Media Contact:
Susan Fall
LaunchIt Public Relations
858-490-1050
[email protected]
Media Contact
Susan Fall, LaunchIt PR, 858-490-1050, [email protected]
SOURCE dexFreight
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