Blockchain and digital payments to reduce freight costs, expedite settlement

TCS champions blockchain disintermediation of freight invoice factoring, ensuring fast liquidity and removing expensive intermediaries from supply chains.

Imagine waiting months to receive your paycheck. Or worse, imagine spending hundreds or thousands of dollars in operating costs to complete a job, then waiting months for reimbursement — and your paycheck. That’s the reality for truckers and transportation companies in North America.

Blockchain-powered freight settlement

TCS Blockchain, a trade finance and blockchain-as-a-service (BaaS) company, has revolutionized “freightech” with onchain freight invoice settlement in 1 or 2 business days, up to 90% cheaper than factoring. TCS completed the world’s first onchain freight invoice settlement in 2022 and continues to save transportation companies hundreds of dollars on freight invoices.

Beyond speed and savings, TCS also prioritizes the user experience. Unlike factoring companies that require carriers to sign Draconian agreements requiring long-term commitments, personal guarantees and cross-collateral, TCS offers complete flexibility. Users can settle one invoice or all future invoices.

Solving real-world problems with tokenization

In March 2025, TCS listed TCS Token at INX, a fully regulated and licensed centralized exchange (CEX) in the US.

“The TCS Token listing on INX is a perfect example of how tokenization can solve real problems in legacy industries,” said INX chief strategy officer, Michael Moro, adding:

“For decades, transportation companies had to rely on factoring companies to avoid 30-180 day pay terms, often surrendering 30% or more of net revenue to get paid in 10 days. Freight companies can now settle invoices on the INX exchange, and convert their TCS Tokens to US dollars with just a few clicks.”

The purpose of the TCS token is utility - to facilitate faster and cheaper trade finance for TCS transportation users. The use case is not predicated on speculation like the majority of cryptocurrencies.

TCS was invited to the White House in early March to speak with President Trump’s Policy Team about how freight invoice factoring levies a ‘silent tax’ on supply chains, according to TCS CEO Todd Ziegler:

“This tax roles downhill to every small business and consumer. Nearly 70% of all goods in North America move on a truck. There’s a lot of talk in the blockchain Industry — and on Capitol Hill — about supporting real use cases. The White House and INX are taking real action, and demonstrating real leadership.”

Through tokenization, freight invoices can be transformed into digital assets. Beyond speed and cost efficiency, blockchain also enhances transparency ensuring all stakeholders have verifiable and immutable transactional records. The transportation industry has long struggled with these issues, according to Bob Ejodame, vice president of capital markets at INX:

“Between University degrees, I was a truck driver. I vividly recall payment terms exceeding 60 days, and all the accounting and cash flow problems that resulted. Because I understand this pain, INX instantly connected with the TCS trade finance mission. Our team is committed to making INX the premier destination for transportation companies who want the cheapest and fastest freight invoice settlement, with a great user experience.”

TCS settles freight invoices with digital payments - on blockchain rails - to reduce costs and expedite liquidity for trucking and transportation companies. Source: TCS

‘Satoshi Thesis’ – blockchains meet supply chains

The TCS solution is the “Satoshi Thesis” applied to one of the largest problems in North American supply chains – cost of capital. This is why TCS has had an organic freight invoice demand pipeline exceeding $150 million. A figure expected to grow after TCS launches at scale on March 29 at the Mid-America Truck Show – the largest trucking show in the world.

The transportation Industry has already embraced blockchain infrastructure with track-and-trace solutions, and invoice settlement is a logical progression. TCS is also eliminating supply chain fraud — a $1 billion problem in North America — by settling with digital assets. Prior to onboarding, blockchain technology allows TCS to scan all new wallet addresses, and get approximate geolocations. If a new (alleged) US carrier is onboarding with TCS, and their wallet geolocates to North Korea, TCS knows fraud is afoot, and will terminate the onboarding process.

While traditional factoring companies still own the majority of market share, blockchain-powered transportation trade finance is set to transform global supply chains.