Rate Confirmation on Blockchain Technology

Hello colleges,
Myself and my friend are thinking about opening an Owner Operators ONLY company. By being in the trucking business for a several years as a dispatchers, we have a good list of brokers, who are providing cargo regularly. However, with new ELD mandate we are afraid that it will be hard to find Owners Operators who are whiling to work on ELD and NOT on AOBRD. By operating from the inside, we also know that Rate Confirmation, which Owner Operators received, are not necessary shows 100% of the gross price even if it says 100% on it.
Thus, we are thinking to implement a BLOCKCHAIN based Rate Confirmation (Smart Contract), which will provide a cristal clear gross price with inability to edit or modify it.
That said, Owner Operators will be driving on ELD (less hours than on AOBRD) but will getting REAL 85% of the gross, which may even end up in earning more while driving less.
We would like to know your opinion if this idea will work and Owner Operators are whiling to work on ELD it that way?

 

Thanks for your reply. Our fear is that untill most of the companies are in transition phase (until December 19, 2019) and offering non ELD devices it will be hard to recruit a driver who is whiling to work on ELD.

 

Hi there, I’m from United States.
Can you suggest any trusted public records website? I would like to see how those reccords looking like. To be honest I didn’t think about that. Do you think every Owner Operator using something like that?

 

High level:
Imagine load board wrapped into Blockchain based UI, thus dispatcher kind of trading in that UI with brokers. As soon as the dispatcher and broker agreed on the price, broker will issue a Smart Contract (well for broker its just the same action which they do today, but the way we receiving it is different), which will go to the dispatcher with transparency to Owner Operator. All this will be done in that Blockchain UI web and/or Mobile app. Thus, this contract will have 3 timestamps with hashtags, and if there is a chnage will be made before it goes to the Owner Operator, the fourth timestamp with hashtag (and discription of course) will be shown.
This is just a high level explanation, to show you that there is NO middle man like @skellr mention above, but a fair compensation for providing a load, dealing with brokers and providing dispatch services if needed.

 

Nope, no double booking, all cristal clear, see my comment below “High Level”