Digital logistics platform OpenPort has launched ‘OpenPort Solutions’, a joint venture with XVC Logistics, the Philippines-based logistics operation.
The joint venture will see the launch of OpenPort’s blockchain-enabled electronic Proof of Delivery Program (ePOD) and micro-rewards program.
Prior to forming OpenPort Solutions, OpenPort paid XVC Logistics for several shipments in Bitcoin while XVC Logistics has paid OpenPort in Ether for access and use of the OpenPort OpenTM (transport management) software and Driver App, an application that allows truck drivers to use their phones to capture electronic Proof of Delivery and send shipment data during transport.
In a statement sent to Post&Parcel today (8 March), OpenPort Founder and CEO Max Ward, said: “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.”
OpenPort is currently working with supply chain players in China, Hong Kong, India, Indonesia, Pakistan, and the Philippines.