RIF, a decentralized application protocol powered by Bitcoin smart contract platform RSK, today announced that dexFreight, a decentralized logistics platform, will begin the integration of RIF’s Storage and Payments solutions.
dexFreight will integrate RIF Storage to store and retrieve encrypted versions of documents such as bills of ladings and proof of deliveries that require distributed storage and timestamping.
The protocol introduces decentralized incentives using the RIF token, while also providing a unified interface that allows users to connect and switch between a number of decentralized storage networks, including IFPS. While dexFreight is currently running the necessary storage nodes, integration of RIF Storage incentives will be used to distribute the stored data.
“We are proud to integrate with RIF Storage, which provides us with the ability to connect with decentralized networks like IPFS and Swarm to store freight documents in a more secure and less costly way than traditional centralized cloud services. The incentives system powered by RIF will enable freight brokers, carriers, and shippers to be proportionally rewarded for participating in the network. These incentives are aligned with our web3 philosophy of destroying data silos while allowing the users to retain full control, ownership and privacy or their data.”
– Adrian Giannini, Co-Founder and CTO of dexFreight
Additionally, dexFreight will start integration with RIF Lumino payment channels to pay drivers for reaching milestones within the platform. The movement of freight by truck is usually negotiated in dollars per mile, with payments processed, on average, 37 days after delivery.
With RIF Lumino payment channels, dexFreight will bring payment streaming to logistics. Shippers or brokers will be able to open a payment channel to pay contracted trucking companies in real-time.
This functionality will also enable carriers to stream per mile payments to their drivers, something not possible until now. In addition, carriers will also be able to send RIF tokens to drivers, which can be spent instantly on benefits, or withdrawn to a personal wallet.
“RIF is committed to offering tools to transform the internet into an open, inclusive financial and informational ecosystem. RIF Storage was designed to disrupt one of the web’s most centralized clusters, with RIF Payments and the Lumino network doing the same for finance by supporting blockchain scalability and rapid micro-transacting. dexFreight’s vision to optimize logistics through decentralization offers a fantastic use case for these solutions and we look forward to working closely with them.”
– Gabriel Kurman, Lead RIF Strategist
