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First MOSOLF Blockchain

MOSOLF uses blockchains for consignment notes

The goal is to further enhance the security and efficiency of processes within the value-added chain for automobile logistics. This entails using a digital consignment note, which covers the various stages in the logistics process ranging from loading to transportation and even the handover of the items. A fingerprint, what is known as a hash value, is generated through this document and is transferred to the blockchain. The blockchain network checks whether the transaction is unique using a smart contract and also establishes the link between the vehicle and the freight document. A valid transaction is recorded in the blockchain together with the time stamp and the GPS coordinates. A web service enables those with access to the blockchain to verify the validity of any freight document and the vehicle identification number (VIN) that it contains.

Further reading

Exhibitor: MOSOLF SE & Co. KG

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