It is hoped that as the logistics industry players adopt blockchain technology, the full potential of blockchain will be realized, and global trade will be boosted.”
As digitization and technology solutions continue to be the focus for trade experts, IT Solutions company CyberLogitec announced the creation and launching of their new blockchain focused solutions platform. The company, known for its work in providing solutions in the ports and terminals sector, confirmed this initiative will be implemented for all IT solutions in 2019.
The solutions, deemed as FREIGHT9 and OPUS9 pave the way for a purely digital system for maritime businesses, eliminating the hassle of paper-based documentation for all shipping. This is another prime example of the rapid pace of digitization within the trade sectors.
The total elimination of inefficiencies is the goal of many trade professionals, starting with paper-based systems and operations. With global trade shifting at a fast pace, companies must rely on technology-based solutions to keep up and maintain operations on a holistic level, reducing risks and duplicate efforts.
“The company aims to set the highest standards of innovation and excellence in the logistics ecosystem. It is hoped that as the logistics industry players adopt blockchain technology, the full potential of blockchain will be realized, and global trade will be boosted,” commented CyberLogitech in response to the news.
Source: Port Technology