LaneAxis (AXIS) ICO Review – ICO Token News
The laneaxis Blockchain will embed distributed ledgers, smart contracts and other blockchain technologies in every digital asset and transaction to combine and scale exponential technologies — with revolutionary results for logistics control and automation. The adoption of blockchain technology enables shippers to conduct, manage, and track transactions in the shipping supply chain as well as digitize processes, cut fraud, bolster inventory management, and save time and money across all channels. Laneaxis’ platform will create digital utility tokens and build its own blockchain platform for conducting transactions within the laneaxis ecosystem. This will enable transparency, efficiency, and accuracy of data exchanged on the platform, which is critical for the operations of the national supply chain. The adoption of the blockchain model to create real-time digital ledgers of shipping data for carriers and shippers is the next logical step in applying a digital standard that facilitates industry-wide collaboration. Our goal is to be the first industry-wide platform built on blockchain technology to accelerate and facilitate a new generation of transparency and security in the trucking and logistics sectors. The core LaneAxis platform is complete and in the market. In 2014, LaneAxis began filing numerous patents around the core data structure of a transportation system known as a “Shipper/Carrier Direct Optimization Platform”. In July 2015, beta testing of the system began, and by the first quarter of 2016 live loads where run through the system. Today LaneAxis has successfully run thousands of loads through its proprietary platform.
The opportunity for blockchain technology to further enable improvements in the supply chain is considerable. Blockchain technology offers a unique opportunity for the freight and logistics industry to create a cross-industry platform that can be shared between operators, shippers, carriers, regulators, and end users, to mutual benefit. Blockchain-based solutions would include immediate payment of drivers upon delivery; transparent and verifiable maintenance records; immediate and self-executing payments for things like fuel and parts; more efficient and fair processes for disputes over freight quality and claims; and carrier history and safety records stored on the blockchain’s immutable ledger. Customers can track routes, see delays and estimate delivery time down to the minute. Furthermore, the application of a common foundation across the industry will allow for the implementation of LaneAxis’ tailored app that will realize improvements in supply chains that have so far been beyond the individual companies’ ability to implement. The LaneAxis blockchain solution solves this costly and complex problem. Documents such as insurance certificates are verified, securely stored, and monitored for renewal dates. Every shipment is built on self-executing smart contracts, with all business rules and requirements coded into the contract and securely nested into LaneAxis’ immutable ledger. So if the shipper changes its business rules or contract requirements, that information is automatically dispersed to the carrier network. Carriers would then be required to comply with the new rules or automatically be excluded from future contract opportunities until such conditions are met.
A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. While centrally managed digital currencies have existed for some time (e.g. electronic money and centralized banking systems), Bitcoin became the first decentralized cryptocurrency by using the blockchain as a distributed ledger. Since Bitcoin’s emergence in 2009, numerous cryptocurrencies have been created. These are frequently called “altcoins”, as a blend of “bitcoin alternative”. Bitcoin and its alternatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin’s blockchain transaction database in the role of a distributed ledger.
A smart contract is a computer protocol that resides in a blockchain. smart contracts can facilitate, verify or enforce the negotiation or performance of a contract between two or more parties by executing pre-programmed logic without requiring human intervention, and thus without requiring central trust. This enables smart contracts to provide security superior to traditional contract law and to reduce costs associated with enforcement and settlement associated with traditional contracting. Smart contracts have been used primarily in association with cryptocurrencies. The most prominent smart contract implementation is the ethereum blockchain platform.
The LaneAxis Blockchain Ecosystem
The laneaxis blockchain is built to connect shippers directly to carriers, completely detached from unnecessary and costly third party intermediaries. Much in the same way that traditional travel agencies have essentially been replaced by online travel booking sites, the laneaxis blockchain will render obsolete the need for third party freight brokers (intermediaries). Shippers, carriers and other relevant industry parties will access the laneaxis blockchain ledger through the use of the axis token, which will serve as an api key granting access to laneaxis platform.
Token Implementation Model
The digital utility tokens to be used on LaneAxis’ v.2.0 platform, called AXIS Tokens, will serve as the gateway to LaneAxis’ immutable ledger, digitally bolted to the Ethereum blockchain. The AXIS Tokens will function as an API access key to the Platform, as well as a means of transacting services, accessing features and earning rewards within the LaneAxis blockchain ecosystem. The AXIS ICO Token will also grant user access to real-time tracking of every shipment, from pre-pickup to final proof-of-delivery. Drivers will utilize the LaneAxis mobile app to receive full details on a potential load, which they will have the option to accept or decline. The proceeds of the TGE are intended to be used for the ongoing development of the Platform and LaneAxis, as outlined in this White Paper, as well as Axis Token International’s and LaneAxis’ ongoing expenses, reimbursement of expenses incurred by Axis Token International and LaneAxis in connection with the preparation for the TGE, creation of the AXIS Tokens and other expenses of Axis Token International and LaneAxis incurred in connection with the development of the Platform. However, there are no restrictions on how Axis Token International may use the proceeds of the TGE, and Axis Token International may use the proceeds of the TGE as its board of directors believes is in the best interests of Axis Token International, LaneAxis, the Platform and the holders of the AXIS Tokens. Check ICO list to know more about ICOs.
- Rick BurnettCEO
- Mason BurnettVP of Blockchain Integrations
- Divyashish JindalBlockchain Engineer
- Prateek DimriICO/Token Sale Manager
- Gary HeitzChief Operating Officer
- Clint JohnsonVP of Sales
- Matt GuinnVP of Trucking Operations
- Andrew RiveraCommunications Director
- Amarpreet SinghSenior Blockchain Engineer
- Ankur SiddhaBlockchain Marketing Specialist
- Mark WilliamsDirector of Business Development
- 12014 - STARTUP
■ Q4 ‘14 started build team to build la system
- 22015 - System Build & Beta Testing
■ Q1 ‘15 to Q4 ‘15 system build and beta testing started
■ Q4 ‘15 beta testing
- 32016 - Live Shipments & Revenue
■ Q1 ‘16 sales meeting with major shippers
■ Q3 ‘16 run “live” loads for major shippers
■ Q4 ‘16 explored other vertical uses for the real-time
tracking/electronic “Proof of Delivery”
- 42017 - PARTNERSHIP WITH BUDBO
■ Q1 ‘17 Formed Budbo Inc. (Budbo.io)
■ Q2 ‘17 Formed Blockchain Team for Budbo and
■ Q3 ‘17 Launched Budbo.io, LaneAxis team building
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