Every stakeholder wants to know the status of vessels as they circle the globe and the Automatic Identification System (AIS) enables access to live vessel information through the Internet of Things (IoT).
Now IQAX has developed a digital twin platform that combines vessel IoT data with schedule, container and shipment data to deliver live vessel status, allowing decision-making based on real-time information.
The digital twin platform delivers:
Blockchain provides a technology infrastructure that tackles the fragmentation and inefficiencies in the current global trade operating models. Using blockchain technology, IQAX enables distributed process orchestration of shared, trusted data to all parties throughout the supply chain with transactions that are:
IQAX’s use of blockchain represents an intelligent, agile, and flexible solution, delivering tangible value to overcome real-life logistics challenges. By connecting shippers, NVOCCs, ocean carriers, vessel operators, and terminals, IQAX promotes decentralized collaboration and governance to optimize cross-domain synergies within the parallel working paradigm typical of the logistics industry.