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UPS introduces the Blockchain platform to improve business supply chains

2019-03-22 09:20 am | Resource: News Section | No Views : 105

UPS introduces the Blockchain platform to improve business supply chains UPS, in collaboration with Inxeption e-commerce technology, has launched a joint platform with Blockchain technology to improve commercial supply chains, as announced in a press release on Thursday (March 21st).
The new Blockchain platform, Inxeption Zippy, is designed to help companies integrate, market and distribute their products to customers. Allegedly, the platform enables traders to monitor the entire supply chain from the list of products to delivery, ensuring that sensitive data such as prices are accessible only to the buyer and seller.
By using the platform, traders will be able to download product information, schedule orders, monitor returns, process transactions and review sales and marketing analyzes among many other services.
"The platform" creates simplified pricing solutions for B2B merchants with limited digital marketing resources and information technology to manage all aspects of selling and shipping easily from one safe place, "said Farzad Debashi, CEO of Inxeption.
In mid-January of this year, UPS invested an undisclosed stake in Inxeption. "Business customers need secure platforms that protect customer data and proprietary information, while facilitating interaction and even more effective collaboration with their customers," DePachi said.
Companies in various industries are exploring the ways in which Blockchain technology can be performed, improving the supply chain. Recently, the US National Pork Board has partnered with ripe.io to test the Blockchain platform in pork supply chains, which will enable it to monitor and evaluate sustainability practices, food safety standards, animal health and environmental protection.
Earlier this month, Bumble Bee Foods, the largest North American seafood company, launched a stable seafood platform for seafood tracking. It is assumed that customers will be able to monitor the entire supply chain, access information about product assets and log shipping using an intelligent device to scan the QR code on the product package.

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