Hello LaneAxis Shareholders and Supporters,
What a year. LaneAxis’ progress in 2021 has been both important and impressive. Our Reg. CF campaign was a rousing success, having raised $5 million in 5 months – the second fastest campaign to achieve such a feat.
We now enter 2022 on the precipice of revolutionizing the transportation industry.
Government Blockchain Association Partnership
The LaneAxis Direct Network continues to attract attention from organizations in the logistics, investment, blockchain, and government supply chain sectors. Now, more than ever, government agencies are looking for next generation solutions to mitigate supply chain crises such as the one we currently find ourselves in.
LaneAxis is pleased to announce we are partnering with the Northwest chapter of the Government Blockchain Association, which is based nationally out of Fairfax, Virginia. LaneAxis’ recent patent application to establish a Federal Transportation Network aligns directly with the GBA’s stated mission:
“GBA connects people and organizations with blockchain technology-based solutions to problems typically faced by government entities. Our mission is to bring together all levels of governments from around the world with various industries for creating helpful dialogue that facilitates the efficient, ethical, and rational adoption of blockchain technology to increase the quality of life for all citizens on a global level”.
It’s important to note that the GBA is not an official government organization, but rather an international nonprofit professional association that promotes blockchain technology solutions to government agencies.
LaneAxis will be working directly with Aleks Vorobets, the West Coast and Canada Lead for the GBA.
“The Federal Government is focused on blockchain interoperability, and they are hungry for solutions. Their appetite for public/private partnerships has never been higher. Not only do they want to work with the IBMs and Oracles of the world, they want to work with small and medium sized tech companies who are introducing novel solutions to longstanding problems. We aim to identify strategic partnerships within Public, Private, and non profit sectors with the overarching goal of implementing LaneAxis as the Prime Contract recipient for developing a Secure Motor Carrier Safety Data Information Exchange; and a system that uses blockchain technology to create a secure transaction platform with a distributed ledger.”
Revamped Website | System Updates
We are putting the finishing touches on our new public facing website, and continuing to improve the user experience for the backend portal based on continual feedback from our network Carriers and Shippers.
Here is a sneak peek at our new homepage:
The sleek new design includes a revised TWO-STEP signup process for Shippers. Rather than a standard “call to action” to join the LaneAxis Network, we are enticing them from the beginning to post a load and view all of their Carrier options for free. To view the results - most notably the number and names of Carriers running their preferred lanes - Shippers must provide an email address and create a password. Even if the Shipper abandons the process before completing registration, our platform will collect their contact data for follow-up from our sales team.
Shipper Onboarding - Create Shipment and Register in Two Steps
Also of note, we are adding a 24/7 customer service phone number to assist Shippers and Carriers at any time. As we all know, freight transportation never sleeps.
On the backend portal, we have refined our landing pages on both desktop and mobile. Upgraded features/notifications include:
- Available to Bid
- Shipment Currently in Bidding
- Awarded Shipment
- Non-awarded Shipment
Carrier Portal Home Screen
Driver App Home Screen
Third Party Subscriptions to Utilize LaneAxis Blockchain
Ideally, 100% of all freight shipments will eventually be generated by Shippers and Carriers directly connected and contracted with each other inside the LaneAxis ecosystem.
While we pursue that lofty goal, LaneAxis will introduce a Blockchain Subscription Model for organizations outside the Network who want to utilize the LaneAxis blockchain for shipment management. This subscription model will also apply to data bundles made available for interested third parties such as insurance companies.
External organizations will have three subscription models to choose from:
- Shipment Data Events: All 41 shipment data events are captured on the LaneAxis blockchain for use by any 3rd party Shipper, Carrier or Transportation Management System.
- Information Services including performance data, shipment loading and unloading durations, driver detention time, Hours of Service, lane analytics and a host of other valuable data.
- A discounted package of subscriptions 1 and 2 offered together.
This subscription model will add another revenue stream for LaneAxis - importantly in the form of monthly recurring charges. These services will also be made available on an à la carte basis at a higher price point.
Leveraging NFTs for Shipment Security
2021 has undoubtedly been the year of the NFT. Non-fungible tokens are unique digital assets stored on the blockchain that are coded to guarantee authenticity and singular proof-of-ownership. NFTs can represent real world objects such as music, art, video games or collectibles. In Q3 of 2021, NFT trading volume hit a staggering $10.7 billion.
NFTs have many use cases, including for the supply chain. LaneAxis will utilize NFTs to validate barcodes, QR codes, and RFID chips, among other applications. This will prevent the tampering or forgery of these critical identification tags, and will strengthen our ability to manage and secure freight movements beyond trucking and into multi-modal segments such as shipping, air and rail. AXIS Tokens will validate the NFTs, which will be stored on the LaneAxis blockchain. LaneAxis may expand its use-cases for developing and storing NFTs on its blockchain in the future.
Read this article to learn more about how NFTs can be applied to the supply chain in addition to protecting intellectual property.
We want to welcome our newest team member, Justin Nguyen, who will take on a senior role in our Shipper Outreach Team. Justin boasts experience in import-export shipping, and will be a valuable asset as we expand our services to multi-modal forms of transportation including drayage – which is one of the major issues currently stifling the offloading and movement of containers at major shipping docks.
Thank you again for your enthusiastic support of the LaneAxis Direct Network. As you can see, we are rolling into 2022 at full speed.
We wish you and your loved ones the happiest of holidays, as well as a healthy and prosperous new year.