A Novel Integrated Freight Forwarding Information System Based on Block-Chain Technology

Abstract

As an emerging foreign trade model, crossborder E-commerce is booming. This foreign trade model shortens the distance between products from manufacturers to foreign consumers and reshapes the value chain of foreign trade. However, because buyers and sellers use virtualization. Negotiations and consultations on the platform may also involve the participation of freight forwarders and the services of shipping companies, which increases the uncertainty of the transaction process and results. How to efficiently and confidentially transfer information to each other is the main idea and goal of this paper. Foreign buyers, domestic sellers, shipping companies, and freight forwarding companies are independent entities. Due to common transaction events, the interaction between the four parties has been promoted. However, independent information systems cannot exchange information (or content) with other entities. Based on this point, our goal has formulated an integrated freight forwarding program.