BlockchainNews

Rapid-fire pitch: Filament takes the strain out of data logging

In presenting Filament’s latest blockchain package, Jake Ingman, the head of product and Chris Wood, the company’s head of business development highlighted the power of the blockchain’s immutability.

For Filament, that means that its Blocklet wallet can be a trusted tool that will simplify the data transactions for drivers that log critical data on their operations.

Filament’s newly developed Blocklet for Trusted Vehicle Applications allows for the secure transfer of truck diagnostic and utility data directly to a blockchain. By connecting to a truck’s diagnostic port, Blocklet can collect data as the vehicle is in operation, collecting data such as engine RPM, truck speed, fuel levels and run time. Information is then packaged, signed by Blocklet Wallet and sent as a single transaction to a host validator network for verification and then added to the blockchain. Each truck has a unique cryptographic identification that is posted to the records.

In addition to the verifiable data, Blocklet allows users to explore more efficient and flexible business models including usage-based insurance, peer-to-peer rentals and dynamic leasing.

Show More

Nick Savvides, Staff Writer

Nick came to FreightWaves in December 2018 from Fairplay, a shipping market publication. He covers the shipping, freight and logistics industry in Europe. Since starting his career as a journalist in 1990, Nick has worked for a number of significant freight publications abroad, including International Freighting Weekly, the online news service for Containerisation International, ICIS, the chemical industry reporting service, as well as Seatrade in Greece. Nick also worked as a freelance journalist writing for Lloyd’s List, The Observer, The Express and The European newspapers among others before joining Seatrade Newsweek in Athens.
Close