A Philippine-based end-to-end digital logistics platform that is powered by blockchain technology is envisioned to end illegal activities in the shipping and logistics industries, particularly smuggling, corruption and even diverted shipments.
In an interview with Cryptovest, Joey Union, chief operating officer of Shiptek Solutions Corp., said XLOG is designed to provide shippers an integrated suite of logistics tools that allow the streamlining of logistical workflows and enable frictionless shipping transactions.
“Because our platform is powered by blockchain, all the data stored in the platform is immutable, meaning they could not be altered with, faked or hacked,” Ynion said. “This eliminates the possibility of smuggling, particularly using fake documents to smuggle goods or fake consignees to hide the real identities of the smugglers.”
Nico Gonzales, Shiptek’s chief marketing officer, added the company had initial discussions with the Bureau of Customs, th...
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