Collaboration: Key to the First Multicloud Blockchain Deployment

Posted by Vinny Mullineaux on Dec 5, 2019 4:32:41 PM


Individual data points are like fuel molecules waiting in pipelines and tanks to heat our homes or cook our food. Massive amounts of them sit inside supply chains and transactions, just needing a spark to unleash their transformative power.

Topics: real-time technology, blockchain

The Top 5 Issues Facing the Trucking Industry & How to Address Them

Posted by Vertrax on Nov 22, 2019 4:53:17 PM

The trucking industry is rapidly changing, and with that comes numerous issues of varying severity.

How Blockchain Can Benefit Downstream Oil And Gas

Posted by Vertrax on Nov 1, 2019 1:44:24 PM

In this series, we’re breaking down how blockchain can impact the complex segments of the oil and gas industry: upstream, midstream, and downstream.

Topics: blockchain

ELD Mandate: Adoption Rate and Impact on Fleets

Posted by Vertrax on Oct 18, 2019 4:44:41 PM

The final deadline for complying with the ELD mandate is December 16th, 2019 — less than two months away. The mandate went into effect in December of 2017 and full enforcement began in April of 2018, so this is the final phase of implementation.

The mandate has already had a major impact on the industry, so we wanted to dive into the adoption rate of the technology as the deadline approaches, as well as uncover the impact it’s had on trucking fleets in terms of compliance, crashes, and driver behavior.

Topics: trucking technology, real-time technology

How Blockchain Can Benefit Midstream Oil and Gas

Posted by Vertrax on Oct 11, 2019 4:28:34 PM

In this series, we’re breaking down how blockchain can impact the complex segments of the oil and gas industry: upstream, midstream, and downstream.

Part 1: Upstream

As we mentioned in the first part of this series, there are three segments of the oil and gas industry: upstream, midstream, and downstream. Linking the upstream segment (exploration and production) and downstream segment (refinement), midstream oil and gas includes the transportation and storage of natural gas, crude oil, and refined products.

Due to the potential of environmental harm from improper storage or transportation, midstream oil and gas is one of the most regulated industries. And because oil and gas products have to pass through national, state, local, and municipal borders, they must successfully attain a wide variety of approvals. While midstream oil and gas businesses struggle to juggle regulations with their many partners, blockchain has the capability to mitigate these problems.

Topics: real-time technology, blockchain

How Blockchain Can Transform Upstream Oil and Gas

Posted by Vertrax on Sep 27, 2019 4:14:26 PM

In this series, we’re breaking down how blockchain can impact the complex segments of the oil and gas industry: upstream, midstream, and downstream.

There are three main sectors in the oil and gas industry: upstream, midstream, and downstream. These categories denote where the relevant resource is in the process of traveling from underground reservoirs to its final destination, whether that be in the tank of a car or a gas stove in an apartment. For this initial installment in the series, we’ll explore blockchain’s use in upstream oil and gas.

Possibly the most complex part of the oil and gas industry — and definitely one of the most technology-heavy — upstream oil and gas refers to both the search for natural resources and their extraction. Upstream oil and gas is also known as exploration and production (E&P).

Topics: real-time technology, blockchain

The Cost of Trucking Operations in the United States

Posted by Vertrax on Sep 23, 2019 10:46:00 AM

This post was updated September, 2019.

The cost of trucking has been trending up for the past decade and shows no signs of slowing down. In order to combat these changes in operating costs, you must first be aware of what these costs are, and then what solutions can help to minimize the impact they have on your bottom line.

Vertrax at the 32nd World LPG Forum & 2019 European Congress

Posted by Vertrax on Sep 13, 2019 1:36:35 PM

The 32nd World LPG Forum & 2019 European Congress (WLPGA) is just a few weeks away and Vertrax couldn’t be any more excited to be attending! WLPGA rolls two great events into one premier global event, bringing visitors from across the world together to see the future of the LPG industry.

Challenges of Implementing Blockchain in the Supply Chain

Posted by Vertrax on Aug 30, 2019 12:33:19 PM

According to the World Economic Forum, “digital transformation in the Oil and Gas industry could unlock approximately $1.6 trillion of value for the industry, its customers, and wider society.”

While we’ve broken down the overall benefits of blockchain and its specific benefits for fleet management, there are still some challenges that need to be overcome in order for this technology to become standard in the industry.

Topics: trucking technology, real-time technology, blockchain

The Benefits Of Blockchain For Fleet Management

Posted by Vertrax on Aug 12, 2019 1:01:21 PM

Across the world, businesses in many industries are gaining interest in the latest cutting-edge technology: blockchain. Around 66% of global organizations have some level of interest in blockchain, with almost 10% currently experimenting with or deploying it.

Topics: trucking technology, real-time technology, blockchain