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How TruckCoinSwap Hopes to Ensure that the Backbone of America Keeps on Truckin'
TruckCoinSwap (TCS) is a fintech and blockchain-as-a-service startup that provides freight invoice settlement to the transportation industry that, as a whole, appears to shippers as an enterprise. For truckers and freight companies critical to national security, the current options for freight invoice settlement involve egregiously burdensome payment terms and high costs.
In the worst cases, trucking companies must wait as many as six months to get paid. It's a great example of where the utility of blockchain-as-a-platform (for example, its 24/7 availability and fast settlement times) can be very disruptive to a legacy industry in a positive way. To find out more about how exactly TCS works, Blockchain Journal's editor-in-chief David Berlind interviews TCS co-founder and CEO Todd Ziegler as well as Gabriella "Gabby" Kusz, an advisor to the startup.
Among other things, David learns about how TCS uses blockchain technology and an ERC-20 token to facilitate faster and less burdensome settlement of freight invoices thereby making it possible for truckers to keep gas in their tanks and food in the bellies of their families. If there was ever an application of blockchain that could inspire lawmakers and regulators to reconsider how blockchain should be considered somewhat separately from retail crypto investment, this is certainly one of them. But not just this one example. During the interview, David and Gabby cover examples in other enterprise industries where blockchain can fuel similar forms of disruption and efficiency.
Key Takeaways:
* Truck Coin Swap (TCS) provides a blockchain-based solution for faster and cheaper freight invoice settlement in the transportation industry.
* The current options for freight invoice settlement have long payment terms and high costs, which negatively impact small businesses in the industry.
* Real-world use cases like this are crucial for educating policymakers and changing the narrative around blockchain technology in ways that emphasize the utility of blockchain versus crypto as a retail investment instrument.
* Blockchain technology can be applied to many industries to facilitate more timely settlements and reduce the costs associated with traditional financial "rails."
To watch the video version of this podcast or read its full-text transcript, go to:
BCJ URL:
https://blockchainjournal.com/interview/how-truckcoinswap-hopes-ensure-backbone-america-keeps-truckin
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=deXW02Mtz3c
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By Blockchain JournalTruckCoinSwap (TCS) is a fintech and blockchain-as-a-service startup that provides freight invoice settlement to the transportation industry that, as a whole, appears to shippers as an enterprise. For truckers and freight companies critical to national security, the current options for freight invoice settlement involve egregiously burdensome payment terms and high costs.
In the worst cases, trucking companies must wait as many as six months to get paid. It's a great example of where the utility of blockchain-as-a-platform (for example, its 24/7 availability and fast settlement times) can be very disruptive to a legacy industry in a positive way. To find out more about how exactly TCS works, Blockchain Journal's editor-in-chief David Berlind interviews TCS co-founder and CEO Todd Ziegler as well as Gabriella "Gabby" Kusz, an advisor to the startup.
Among other things, David learns about how TCS uses blockchain technology and an ERC-20 token to facilitate faster and less burdensome settlement of freight invoices thereby making it possible for truckers to keep gas in their tanks and food in the bellies of their families. If there was ever an application of blockchain that could inspire lawmakers and regulators to reconsider how blockchain should be considered somewhat separately from retail crypto investment, this is certainly one of them. But not just this one example. During the interview, David and Gabby cover examples in other enterprise industries where blockchain can fuel similar forms of disruption and efficiency.
Key Takeaways:
* Truck Coin Swap (TCS) provides a blockchain-based solution for faster and cheaper freight invoice settlement in the transportation industry.
* The current options for freight invoice settlement have long payment terms and high costs, which negatively impact small businesses in the industry.
* Real-world use cases like this are crucial for educating policymakers and changing the narrative around blockchain technology in ways that emphasize the utility of blockchain versus crypto as a retail investment instrument.
* Blockchain technology can be applied to many industries to facilitate more timely settlements and reduce the costs associated with traditional financial "rails."
To watch the video version of this podcast or read its full-text transcript, go to:
BCJ URL:
https://blockchainjournal.com/interview/how-truckcoinswap-hopes-ensure-backbone-america-keeps-truckin
The video can also be watched on Blockchain Journal's YouTube Channel at https://www.youtube.com/watch?v=deXW02Mtz3c