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UPS And Inxeption Develops A Blockchain Solution To Improve Merchant Supply Chains

BFSI News

UPS_And-Inxeption-Develops-A-Blockchain-Solution-To-Improve-Merchant-Supply-Chains UPS And Inxeption Develops A Blockchain Solution To Improve Merchant Supply ChainsUPS, a Major American postal carrier, in conjunction with, e-commerce technology company Inxeption have rolled out a Blockchain-powered platform, named Inxeption Zippy, to advance merchant supply chains. Designed to assist companies list, market and distribute their products to customers, Inxeption Zippy ostensibly allows merchants to supervise the entire supply chain from product listing to delivery, making sure that susceptible data like contract-specific pricing and rates are only accessible to the buyer and seller. As per the reports, by utilizing this collaborative platform, merchants will be capable of uploading product information, schedule orders, process transactions, monitor returns, and review sales and marketing analytics, among other services.

Inxeption CEO Farzad Dibach said that the platform creates simplified pricing solutions for B2B merchants with limited digital marketing and IT resources to easily manage all aspects of selling and shipping from one secure place. In mid-January, UPS made an undisclosed stake investment in Inxeption. Moreover, Dibachi pointed out that business customers need secure platforms that protect their customer data and proprietary information while making it easy for them to interact and even collaborate more effectively with their customers. Following the development, several businesses in various industries have been extensively exploring the ways Blockchain can improve the supply chain. Very recently, the U.S. National Pork Board teamed up with Blockchain startup ripe.io to experiment a Blockchain platform for pork supply chains that will reportedly allow them to supervise and scrutinize sustainability practices, food safety standards, livestock health, and environmental protections.

Keeping the same line, North America’s largest branded shelf-stable seafood firm Bumble Bee Foods, earlier this month, released a Blockchain-powered platform for seafood traceability. With that, customers will allegedly be able to observe the complete supply chain, and access information on products’ origins and shipping history by utilizing a smart device to scan a QR code on the product package.