According to their press release, with their ePOD program, named OpenPort Solutions, the two companies are collaborating on a new wave of innovation and transparency for the logistics space. OpenPort Solutions aims to provide real-time status updates from payment through delivery, facilitating lower costs and increased control and transparency over the shipping system. The companies state they have already conducted shipping payments in Bitcoin and service payments in Ethereum.
OpenPort Founder and CEO Max Ward said, in a statement, “The launch of OpenPort Solutions is a significant milestone for both our business and our cutting edge technology. Our blockchain-enabled electronic Proof of Delivery program has the potential to fundamentally change the logistics landscape, providing better than market liquidity for transporters and irrefutable transparency for shippers. Working alongside XVC Logistics to roll-out this unique program highlights the strong confidence in our offering, and we look forward to building on this momentum with a partner that shares our vision of delivering new levels of transparency and security to the logistics space.”
According to their statement, OpenPort is Asia’s only multinational digital logistics provider, with services in China, Hong Kong, India, and Pakistan, in addition to the Philippines.
Also Philippines-based, XVC Logistics operates domestic distribution and supply chain management services for clients, including several multinational brands.
VP Strategic Solutions at XVC Logistics Pierre Carlo Curay stated, “At XVC, we are value creators. Our core strength is finding solutions to the difficult problems faced by our clients. We believe that blockchain-enabled ePOD and improved market liquidity will greatly improve the supply chain industry, not just in the Philippines but on a global scale.”
To learn more about OpenPort, visit https://openport.com/.