Blockchain solution for container inspection
Transport industry solutions provider TCompanies has launched a blockchain product aimed at improving management of labour, legal and insurance costs relating to damaged shipping containers.
PEIR streamlines container inspection and documentation into a mobile app process, with its patent pending procedure creating a photographic record for equipment exchanged between parties and making the record provable with the Bitcoin blockchain.
Users of the app, which is available for both Android and Apple systems, are walked through the container inspection process with a step-by-step set of prompts, with documentation of equipment numbers confirmed through PEIR’s automated identification process.
By taking a mobile phone image of a truck, chassis or container number, users can ensure that necessary information is instantly collected from the image.
Answering preliminary questions allows the product to determine images necessary to document the equipment in question, and during this process, any damage can be identified for later use.
Within minutes, an entire report is then available through a Blockchain-enabled app allowing users to track the history and images associated with the equipment.
The verification system establishing the time, date and authenticity of container photos is tamper-proof and based on patent pending technology.
“There are an estimated 17 million metal shipping containers in the world, making approximately 200 million trips a year, so it’s not surprising that large numbers are damaged at some point during transit,” said Tom Burke, chief executive of TCompanies.
Mr Burke added that “the process in determining who was at fault for the damage is a problem in terms of man hours and potential legal costs for all involved in interchange points.
“PEIR solves this problem with visible, irrefutable recordable evidence within Blockchain,” he said.
To view the PEIR demonstration video or find out more about the product, go to www.peirmobile.com.