UPS, one of the world’s largest postal carriers and the e-commerce tech company Inxeption partnered and created a blockchain-powered platform in order to improve the merchant supply chains. The decision was published today in a joint press release that we are reading more about in our blockchain news below.
According to the press release, the new blockchain platform is named Inxeption Zippy and will help all of the companies to distribute their products easier to their customers. The platform will also allow merchants to monitor the supply chain from start to finish and to also protect the sensitive data making it available only to be buyer and seller.
With the help of the platform, the merchants can look up the product information but they can also upload their own, they will be able to track the entire transaction process, money returns, make marketing analysis and market strategies and also schedule orders among the many other services.
The CEO of Inxeption, Farzad Dibachi, explained that the blockchain platform ‘’creates simplified pricing solutions for B2B merchants with limited digital marketing and IT resources to easily manage all aspects of selling and shipping from one secure place.’’
Back in January, UPS made an investment in Inxeption but the amount of money invested is unknown. Dibachi explained:
‘’Business customers need secure platforms that protect their customer data and proprietary information, while making it easy for them to interact and even collaborate more effectively with their customers.’’
No matter the industry, businesses are looking deeper into the ways blockchain can improve the supply chain but also for other possible use cases. For example, the US National Pork Board partnered with a blockchain startup dubbed ripe.io in order to test out a new blockchain platform that tracks the pork supply chains. This platform makes possible for the companies to monitor and evaluate all of the food safety standards, the health of the livestock, level of sustainability and how to protect the environment.
Also, earlier this month, Bumble Bee Foods-the largest seafood firm in North America, launched their own blockchain platform for improved traceability of the seafood. Customers are now able to observe every step of the supply chain and are able to get information on the origin of the product, shipping history, and product packaging.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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