Towards decentralized electronic market places and agent-based freight exchanges for multimodal transports

A Comparative Analysis of Electronic Freight Exchanges in the United States and Europe with the Use of the Multiple Criteria Decision-Making Method “Promethee”

“…Furthermore, an in-depth investigation of network relationships of EFE's members has been presented by Fuks, Kawa and Pieranski (2015). A new proposal of an agent-based freight exchange that is an automated and interconnected marketplace eliminating problems related to intermediaries has been prepared by Fohring and Zelewski (2015). Additionally, the proposal fits the multimodal freight transport.…”

Electronic Markets on big data services

“…While early approaches to decentralized markets have applied agent technology, e.g. in the fields of file sharing systems (Quiring et al 2008) or in freight transportation (Föhring and Zelewski 2015), more recently internet of things (IoT), distributed ledger (DLT) or Blockchain technologies have spread (e.g. in the energy wholesale business (Peck 2017)).…”

BlockELM A Public Blockchain Freight Exchange Protocol

“…These are used to quickly meet spot demands for truckloads [7], allowing empty trucks to be loaded by providing digital blackboards on which shippers can post their transportation demands and carriers can submit bids. FX are mainly involved in the arbitrage of services and not in their processing [12]. Land-transport margins are minimal (1.8%-5.7% in 2018 [10]), and every intermediary, such as a FX, in the chain of transport further decreases these [47].…”

“…Land-transport margins are minimal (1.8%-5.7% in 2018 [10]), and every intermediary, such as a FX, in the chain of transport further decreases these [47]. Key issues with transportation reported in the literature [19] were reliance on the phone as the most important means of communication, difficulties in establishing trust with carriers, and reservations with central platforms due to privacy and neutrality concerns [12]. Trust between parties is a significant issue, since valuable freight is entrusted to a potentially unknown carrier, and freight theft is a serious problem [5] in FX.…”