WCT promotes cargo tracking and freight settlement in inland shipping
Inland shipping involves multiple transportation links and participants, making cargo tracking difficult and leading to disputes in freight settlement. A certain inland shipping logistics company adopts WCT technology to generate a unique on-chain identifier for each batch of goods. During the cargo transportation process, information such as loading and unloading times, transport routes, and vessel locations are recorded on-chain in real-time. Cargo owners pay freight through WCT, with freight calculated automatically based on factors such as cargo transport distance, transport time, and cargo weight, and paid at nodes according to transportation stages. For example, a batch of building materials is transported from an upstream port to a downstream factory, and the cargo owner can view the cargo transport status in real-time, with the freight automatically settled upon completion of the transport. After the company applied WCT, the cargo loss rate decreased by 80%, disputes over freight settlement reduced by 70%, and transportation efficiency improved by 50%, enhancing the service quality and operational efficiency of inland shipping.
