Hello LaneAxis Shareholders and Supporters,
As we approach the end of Q1 2022 (Wow), LaneAxis is finalizing some major initiatives, expanding our Intellectual Property, and laying the groundwork for some exciting growth in the months to come.
Next week we will finish up some legal patent filings which limits what we can disclose at this point, but we hope to fully share these important announcements in next month’s update.
Closing a Major Loophole in Shipper-Carrier Contracts
LaneAxis has often stated that the biggest barrier preventing the development of a large scale direct freight model is the inability of Shippers to manage contractual relationships with hundreds or thousands of small Carriers. Hence the existence of the outsized and ultimately unnecessary freight brokerage industry.
As a “Brokerless-Direct” solution, LaneAxis has already broken down this major obstacle by developing a standard self-executing network smart contract that can be customized to a Shipper’s specific requirements. Any Carrier who wants to work with that Shipper must accept their contract, which will be monitored and managed by the LaneAxis platform – and more specifically by the LaneAxis smart contract built on blockchain.
Yet one major issue has persisted: verifying a Carrier’s insurance documents. Currently an entire industry exists for the sole purpose of calling insurance companies by phone to verify a Carrier’s Certificate of Insurance. It is not difficult to forge or manipulate a COI, which unfortunately a small – but not insignificant – number of Carriers have done.
LaneAxis will release a novel and fully developed method to electronically ensure the validity of insurance documents, eliminating the possibility of forging COIs monitored by the network. While we can’t reveal more than that at this point, what we can say is LaneAxis is now poised to disrupt and ultimately eliminate yet another unnecessary and costly intermediary: third party companies that verify Carrier insurance policies via phone calls. Closing this loophole essentially cements the ability for Shippers to work directly with thousands of small Carriers simultaneously via the LaneAxis platform. It also represents a further expansion of our Intellectual Property (IP) value.
It bears reiterating that at its core LaneAxis is – and always has been – a software company. All of our products, services and revenue streams derive from our patented core SaaS model, which will never change. Although some may paint us as a blockchain-focused company, the term “blockchain” and its associated terms such as cryptocurrency and smart contracts are essentially fancy sounding derivatives of software development. This was expressed eloquently by StartEngine’s paid spokesperson Kevin O’Leary (Shark Tank’s “Mr. Wonderful”) in a recent interview, in which he stated:
"If you invest in Microsoft and Google and Amazon and so many of these other platforms, what is the core of what you're investing? It's basically software. Google is software. Well, bitcoin is not a coin - it's actually software. The blockchain is software. Ethereum is software…. So the real decision is if you're willing to invest in software because it's a productivity tool as an equity - such as Google - why wouldn't you invest in software, such as Ethereum? Because it provides a service - particularly in payment systems - that is being used globally."
That distinction is essential to understanding LaneAxis’ revenue and business model as it relates to its incorporation of “Web 3.0” in the transportation industry and beyond.
Partnership with High-Level Government Liaison
Another important piece of our IP is the patent-pending Federal Transportation Network Platform designed to streamline and secure the supply chains of government agencies across the globe, starting with the United States.
To that end, LaneAxis is pleased to announce a new partnership with Boardman USA, a public policy consultancy helmed and founded by Paul Boardman.
Paul has a long history in politics and government service - and the contacts to prove it. Paul is a former two-time nominee for the U.S. House of Representatives in West Los Angeles’ 29th district, which includes the high profile enclaves of Bel Air, Beverly Hills, Brentwood, Hollywood, Santa Monica and a portion of the San Fernando Valley. Paul won contested primaries in the highly competitive district with 78% of the vote in 1994 and 82% of the vote in 1996.
Paul with Senator Bob Dole in 1996
Paul worked with Congressman Sonny Bono from 1994 through 1996
Paul is also CEO of American Enterprise Radio and Managing Director/Founder of the Economic Surge Corporation.
Paul shared his vision for LaneAxis and specific goals for the partnership:
"The U.S. Federal Government is most certainly in the cargo business, from the military to disaster relief to transportation oversight. The applications offered by LaneAxis are relevant to almost every federal agency including those tasked with managing government budgets, protecting and saving lives, and enhancing the quality of life for all Americans. In addition, there is the potential for spinoff applications that we do not yet know of but will find out in due course.
The Phase I goal of our partnership is to introduce LaneAxis’ proprietary capabilities to every federal government agency. Phase II will focus on procuring pilot projects with as many agencies as possible as fast as possible. Boardman USA's overarching goal is to secure the first pilot project in a three-month timeframe from the Phase I introduction."
New Senior Level Sales Hires
LaneAxis continues to expand its inbound and outbound call centers with a focus on recruiting and onboarding new Carriers and Shippers into the network. Currently LaneAxis’ call center consists of more than a dozen people working full time. Over the next few months the goal is to expand the call center to approximately 150 people.
Internally, LaneAxis is pleased to announce the hiring of two additional full-time Sales and Business Development professionals.
Johnny Nguyen is a seasoned Business Development Specialist with a wide range of industry experiences including eCommerce fulfillment, sports venue hospitality, inbound contact call center, and payment processing. Johnny has a wide personal network globally spanning from North America to Europe to Southeast Asia.
Maximiliano (Max) Lucero is a confident and convincing Sales Executive with experience in multiple fields including digital marketing, business development, recruiting, and event promotion. He also devotes his time and skills to assisting nonprofit organizations. Max is continually exploring ways to find and fill gaps in business processes. He’s passionate about entrepreneurship, corporate social responsibility (CSR), and philanthropy.
Both Johnny and Max are working out of LaneAxis’ corporate headquarters in Newport Beach, California.
With these two latest additions, LaneAxis’ internal Sales Team now boasts nearly 10 full time staff members, each bringing a wealth of experience in numerous relevant and distinct disciplines including supply chain, trucking, outbound Sales, customer/client relations, and business development. Join us in welcoming Johnny and Max to the LaneAxis Team.
As you can see, LaneAxis’ momentum continues unobstructed and with a strong tailwind at our backs.
Again, stay tuned for some exciting announcements in the weeks to come.
As always, we thank you for your continued support of The LaneAxis Direct Freight Network.