Technology

Nexiot Launches New Blockchain Digital Logistics Platform

Nexiot Launches New Blockchain Digital Logistics Platform
Logistics Manager

Switzerland based technology company Nexiot has launched integration with a Blockchain type Distributed Ledger to add to their Digital Logistics Platform.

Smart Contracts are now a reality thanks to Nexiot’s Digital Logistics Solution introducing legal accountability to the supply chain. The self-sustaining sensors that Nexiot has already built send messages at five minute intervals from assets including shipping containers, boxes and rail cars and gives updates on location, mileage, border crossings and any events that may have an impact.

The Blockchain technology enhances the system as all data is held in the new Digital Ledger with date and time stamps resulting in the information being legally binding adding accountability to the transportation of an asset and their goods.

Nexiot Launches New Blockchain Digital Logistics Platform (2)

Mr. Daniel MacGregor

Nexiot Director for Marketing and Sales, Daniel MacGregor said, “The Distributed Ledger brings transparency, trust, and legal compliance to our Management Solution, as the data records are legally binding. This Blockchain technology also opens the door to the introduction of Smart Digital Contracts. Our sensors have already established a new level of accuracy for contract stipulations of location and location-based events. Now with the Distributed Ledger, these can be linked to confirm terms and fulfillment of contracts, and it is possible to digitize contract execution, from automated demurrage and insurance claims, to excess mileage recharges.”

Automation of payment fulfillment, proof of third party service quality and proof of service delivery can also be handled by the ledger.

Mr. MacGregor further added, “Our unique combination of zero maintenance hardware, with mobile app support, digital documents on board, and the enriched data capabilities of a flexible, robust management platform provides the base to add these Distributed Ledger capabilities. By 2019, it is estimated that 20 per cent of all IoT deployments will have basic levels of Blockchain services and this development promises to deliver a long overdue layer of services to enhance quality in logistics. The technology builds trust by preventing manipulation of records of historical events, reduces costs, information silos, overheads, and unnecessary middlemen, and accelerates transaction executions to near real time instead of days and weeks.”

More in Technology

DSV Cleaning Robots Tested at Roskilde Pharma Warehouse

DSV Cleaning Robots Tested at Roskilde Pharma Warehouse

Logistics ManagerMarch 14, 2019
TRUE Store ICONSIAM Implements Swisslog AutoStore Technology

TRUE Store ICONSIAM Implements Swisslog AutoStore Technology

Logistics ManagerMarch 11, 2019
Kerry Logistics Introduces IoT Smart Sensor Solution

Kerry Logistics Introduces IoT Smart Sensor Solution

Danny GillFebruary 26, 2019

TRAXENS by APL to Optimize End-to-End Supply Chain

Danny GillFebruary 18, 2019
One of the world’s biggest logistics companies, Kuwait headquartered Agility, recently announced a major new investment of $100 million over three years to develop and launch Shipa.com. The new digital platform will allow businesses, entrepreneurs and consumers to manage their freight, e-commerce, and urban deliveries online. Chairwoman for Agility, Henadi Al-Saleh said, “Shipa.com makes life easier through technology, whether you are a small business running your supply chain with a few clicks, or a consumer getting your shopping delivered with a few taps on your phone, Shipa.com makes logistics convenient, jargon-free, trackable, accountable and accessible.” Shipa.com will provide the following services: Shipa Freight that will allow small businesses to get instant and transparent freight quotes along with the ability to book, pay and track ocean and air shipments around the world on any mobile or another digital device. Shipa E-commerce enables online merchant’s access to the world’s most complex and fastest growing e-commerce networks. The service will integrate freight, fulfilment, delivery and returns solutions throughout the Arabian Gulf, along with additional reach in Africa and Europe planned for the future. Shipa Delivery will provide businesses and consumers with on-demand same-day, next-day or cross-border delivery across the whole region of Arabian Gulf. Al-Saleh added, “Logistics is the backbone of commerce. But it’s complex, and that complexity is disproportionately difficult for small businesses to navigate. Small businesses often lack access to the logistics resources, tools and solutions that larger businesses have,” “No wonder then, that we interviewed 800 small and medium-sized businesses around the world, we found that 78% wanted to see their logistics move online. Shipa helps close that gap, empowering small businesses to take advantage of the opportunities being created by the global digital economy.” Considered by Al-Saleh as the innovation arm of Agility, Shipa.com will hasten the introduction of technology, development of new digital products. Al-Saleh concluded, “Shipa.com is the marriage of Agility’s logistics expertise and resources and the digital-first capabilities of the Shipa platform. It offers enormous value for our customers and brings new value to our company.”

Agility Invest $100M to Develop and Launch Shipa Digital Platform

Logistics ManagerDecember 13, 2018
E2open Acquire INTTRA to Create a Unified Network

E2open Acquire INTTRA to Create a Unified Network

Logistics ManagerOctober 30, 2018
KPMG Thailand Partners UiPath to Provide Customers Robotic Process Automation (RPA)

KPMG Thailand Partners UiPath to Provide Customers Robotic Process Automation

Logistics ManagerOctober 5, 2018
XPO Logistics to Install 5,000 Intelligent Robots in North America and Europe

XPO Logistics to Install 5,000 Intelligent Robots in North America and Europe

Logistics ManagerOctober 5, 2018
HHLA and MAN begin Hamburg TruckPilot Project

HHLA and MAN Begin Hamburg TruckPilot Project

Logistics ManagerOctober 5, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version