What is Truckology? The cornerstone of commercial truck driver’s digital future
A simple introduction to how Truckology functions, the advantages it offers, and how millions of commercial truck drivers use it worldwide.
Overview
Truckology is a cutting-edge technology platform for developing transportation and logistics dapps and organizations. Our ecosystem harbors an open-source, community-owned blockchain, hosting a number of trucking-related applications. Truckology allows small fleets, owner-operators, and commercial truck drivers to earn additional income for miles driven on the road and so much more.
We know it may be a little mind-boggling. Let’s take a minute and learn more!
What is crypto?
Cryptocurrency or crypto refers to a digital or virtual currency that uses cryptography for security and operates independently of a central bank or institution. It is decentralized, meaning it is not controlled by any government, intermediary, or financial institution. Some popular examples of cryptocurrencies include Bitcoin, Ethereum, and now Truckology, home of THEO.
Did you say, “Intermediary”?
An intermediary is a central authority, such as a broker, insurance agent, bank, or government, that steps in between the sender and the recipient in a transaction. They have the authority to monitor, censor, or reverse transactions, and they can disclose sensitive data about you to third parties.
With cryptocurrency, things are different. Transactions connect the sender and recipient without the need for a central authority. Nobody will have access to your finances. And no one can tell you which services you can use. This is feasible due to the blockchain technology that cryptocurrencies rely on.
What is a blockchain?
A blockchain is a database of events that is updated and shared among many computers in a network. Each new group of addresses is called a “block,” which is where the name “blockchain” comes from. Most blockchains are open to everyone; you can only add information, not take it away. If someone wanted to change information or trick the system, they would have to do it on most of the computers on the network. Wow, that’s a lot! Established blockchains like Truckology are safe and secure because of this.
Why is it called Cryptocurrency?
Because it uses cryptography techniques to secure and verify transactions and to control the creation of new units!
Correlations of Truckology and Bitcoin
Both allow you to use digital money without the need for payment providers or banks. Truckology, however, is programmable, so our development teams may construct and deploy decentralized network applications. Because Truckology is programmable, our development teams can build apps that use the blockchain to store data or regulate what your apps can do. As a result, Truckology is a general-purpose blockchain that can be programmed to do anything. There is no limit to what Truckology may accomplish, it allows for immense network innovation.
Unlike Bitcoin, Truckology is a new paradigm of the transportation and logistics industry that functions as a marketplace of financial services, transportation management, social networks, and other apps that respect your privacy and cannot be censored.
What does Truckology do?
Peer-to-Peer Network
A decentralized network where commercial drivers (or peer) can act as both a client and a server, allowing direct communication and exchange.
Remittance
Instantaneous transfers, lower fees, accessibility, and transparency that’s easily tracked on the public blockchain secured by encryption.
Finance
Everyone has access to programs that help earn more with THEO. You only need an internet connection to use Truckology and its savings tools
Censorship-resistant
Once information is added to the blockchain, it cannot be altered or deleted. This makes the blockchain a powerful tool for secure transparent data storage and transfer
Community –owned
Direct democracy, users can delegate votes on issues that elevates every person in our network elected officials making votes a truly valuable right.
Security
Thru the use of blockchain technology, it ensures that transactions are transparent, immutable, and tamper proof
Why use Truckology “THEO” Token?
If you’ve ever sent money abroad (or plan to), been concerned about the value of your assets due to factors beyond your control, or grown tired of the restrictions and fees imposed by traditional financial institutions, you may be interested in what THEO crypto currency has to offer.
Less expensive and quicker cross-border payments
A revolutionary class of cryptocurrency known as “stable coins” bases its value on a more reliable asset. Most of them support the value of the US dollar since they are tied to it. A highly affordable and reliable worldwide payment system is thus made possible. On the Ethereum network, many stablecoins are currently developed.
The international money transfer process is made simpler with Truckology. Instead of waiting for many business days or weeks your typical bank takes to complete transactions, Truckology only takes a few minutes to send money across the world, costing a fraction of what it would via banks. Additionally, there are no restrictions on where or why you can send your money and no additional fee for completing a high-value transaction.
The model of economic revitalization
The world economy has seen dramatic shifts in the past 24 months. Ecosystems everywhere have been thrown off balance by covid-19, the Federal Reserve’s quantitative easing, rising interest rates, and the conflict in Ukraine. Monetary policy has been plagued by rising debt and a broken system ever since.
Truckology Research Laboratories was founded to address issues including expensive insurance, fuel cost, poor trucking rates, and supply chain disruptions for Small Fleets, Owner-Operators, and Commercial Truck Drivers. The platform aims to exert scalar control over economies by enabling millions of commercial truck drivers worldwide. Professional truck drivers are among the most important contributors to local and global economies. Their contribution is unlike anything else!
THEO is a deflationary token created to benefit small fleets, owner-operators, and commercial truck drivers by reducing operational costs and increasing the purchasing power of a given fiat currency.
Quantifying THEO
Project built on Truckology
Accounts (wallets) with a THEO balance
Smart contracts on THEO
Value moved through the THEO network
Creator Earnings on THEO
Number of transactions today
Introducing THEO, Truckology’s cryptocurrency.
The Truckology native cryptocurrency is known as THEO (THEO). It is entirely digital and can be sent instantaneously to anyone, anywhere in the world. The supply of THEO is decentralized and entirely transparent; it is not controlled by any government or company. New coins (also known as tokens) are only issued to network-securing stakeholders.
Every Truckology network operation necessitates a certain quantity of computational power. Ether is used to pay for this fee. This means a minimal amount of ETH is required to access the network.
How can THEO coins be used?
Decentralized finance (DeFi) is one of the most well-known applications of Truckology technology, as it makes previously inaccessible banking services available to everyone with an internet connection. Provide liquidity, generate interest, and engage in off-chain trading or trade it for fiat currencies and spend how you want; all of these are possible with THEO.