Date of Award
Master of Science
The main goal of this thesis is to analyze the importance of blockchain in the freight industry. The divided market of freight transportation forces a few failure costs because of postponement, twofold spending, debates, and abrogations. While in such an aggressive market, each player looks for its own benefit, enhancement at the individual level likewise becomes more diligently because of imperceptibility and disconnectivity. In spite of the fact that handling a portion of these issues are possible by synchronization, encryption, and coordination, it appears to be that blockchain not just fuses this multitude of arrangements in a single bundle, yet in addition might give other financial advantages. This paper talks about blockchain's potential in working on the shortcomings in freight industry networks and operations, as well as restrictions and difficulties. It also explains the data analysis of the freight industry from employees of the freight industry.
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