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DeFi at the crossroads of the trucking industry to ensure efficient payments

Published 11/06/2022, 09:01 AM
Updated 11/06/2022, 10:40 AM
DeFi at the crossroads of the trucking industry to ensure efficient payments

The trucking industry is one of the most important sectors in the world. According to recent statistics, the global freight trucking market was worth over $2.7 trillion in 2021. In addition, it’s been found that millions of commercial driver’s license holders are employed by trucking companies within the United States, a market that is responsible for delivering 70% of all freight.

Given these statistics, it shouldn’t come as a surprise that technology has become a critical component for ensuring the advancement of the trucking industry. Yet while GPS tracking, autonomous driving and other mainstream technologies may be apparent, a couple of organizations are aiming to bring decentralized finance (DeFI) to the trucking sector to advance its payment systems.

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