Blockchain-Powered Index Aims to Revolutionize German Load Carrier Pricing
Pacurion Unveils Scientifically Validated Pallet Price Index Based on Real Transaction Data
The company aims to make pricing for load carriers more precise and transparent than existing models, using a validation process developed in collaboration with FOM University of Applied Sciences.
"In Germany alone, the procurement of load carriers represents a market volume of around ten billion euros," explains Dominik Leufgen, co-founder and co-CEO of Pacurion. "Given price fluctuations, sourcing these assets is increasingly becoming a strategic priority for businesses. A precise, up-to-date, and reliable pallet price index can significantly support investment decisions."
The load carrier trade is widely seen as fragmented and opaque. Volatile raw material costs, geopolitical instability, and supply chain disruptions create substantial price and availability risks, complicating market oversight, long-term planning, and pricing strategies. Pacurion estimates Germany's annual procurement volume in this sector at roughly ten billion euros.
Current benchmarks, such as the HPE or EUWID indices, are already used for price guidance but rely either on timber prices or periodic surveys. These cover about 70 percent of actual price movements, with the remainder determined by additional indices or individual negotiations.
"In practice, around 70 percent of real price trends are captured by the HPE or EUWID indices, while the rest is accounted for through other indices or direct negotiations," says Dennis Maschmeyer, co-founder and co-CEO of Pacurion. "This approach is highly complex and, in cases like settling pallet debts, lacks the necessary precision."
The new index draws on data from Pacurion's own trading platform, which has been operational since 2020 and handles roughly seven million load carriers annually. Its network includes about 1,500 business partners across 17 countries, with around 600,000 load carriers traded monthly in Germany alone.
Since all offers and orders on the platform are legally binding, they generate reliable market prices. Data is collected daily and analyzed monthly to reflect current market dynamics.
To verify the index calculations, Pacurion employs a blockchain-based method using zero-knowledge proofs, which confirm the accuracy of the evaluation without exposing sensitive raw data. A dedicated data processing component aggregates input into key metrics that form the index's foundation.
FOM University provided academic oversight for the development, confirming that the data is representative, accurate, and up-to-date, and that the calculation methodology is sound. The collaboration also produced a generic validation framework for price indices, which was implemented as a prototype.
By incorporating extensive market data and regional variations, the index aims to capture real market movements more precisely than previous models, offering businesses a stronger basis for price comparisons and procurement decisions.
While the new index expands the tools available for pricing in the load carrier market, its long-term adoption will depend on whether market participants accept its data sources and methodology—and integrate them into their procurement processes.
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