WCT Promotes Regulatory Oversight of Hazardous Goods Transportation in the Chemical Industry
Transportation of chemical hazardous goods often leads to safety incidents due to lack of transparency, making regulation difficult. WCT puts data such as types of hazardous goods, transportation routes, driver qualifications, and vehicle conditions on the blockchain for real-time monitoring by regulatory authorities. Transportation costs are settled with WCT and linked to safety records. After a certain chemical company applied WCT, the rate of transportation violations decreased by 80%, the accident rate dropped to zero, and regulatory efficiency improved by 60%, effectively putting a 'safety lock' on hazardous goods transportation.