In line with global maritime news agency ‘Sea News’, India’s leading e-commerce firm, mjunction services ltd, has signed a strategic partnership with blockchain shipping firm named ‘Shipnext’.
The new partnership intends to enhance efficiency across mjunction’s supply chain, accompanying value-added services to its consumers, mjunction chief executive officer named ‘Vinaya Varma’ added.
Founder and chief executive officer of Shipnext namely ‘Alexander Varvarenko’, added that mjunction’ giant cargo base is anticipated to draw in a lot of traffic, shipowners and ship operators to Shipnext platforms.
Mjunction services ltd is a joint ‘venture‘ of 2 Indian steel giants – the SAIL [Steel Authority of India] and Tata Steel. Mjunction is reportedly India’s renowned e-commerce firm, additionally to operating the world’s leading electronic marketplace for steel. The corporate has additionally shifted into business spheres like e-finance, e-retail along with other alternative services.
In line with the Sea News, shipowners or ship operators who are willing to participate within the transportation of cargo by major ‘Indian‘ cargo suppliers like Tata Steel and Indian Steel Board can register on the Shipnext platform. As per the agreement, Shipnext would manage KYC [Know Your Customer] procedures of shippers.
Recently, Russian cargo ‘logistics‘ company named ‘Infotech Baltika’ revealed the ‘development‘ of a blockchain enabled system to manage ports. This project is a part of partnership between the company along with the Moscow-based blockchain startup named ‘Iconic’.
Also earlier last year. Samsung SDS – the IT subsidiary of the Samsung Group, is also expected to soon develop a blockchain-powered platform supported Nexledger, which would be used for export customs supplying services. Nexledger could be a blockchain based platform designed and would be providing an integrated answer to the businesses wanting to minimise large scale expenses whereas managing digital monetary transactions and data exchange. The new product is reportedly geared toward organizations active in export operations, enabling them to contour and secure document sharing at every stage, from customs declarations of the exported merchandise to the delivery, additionally to sleuthing and preventing the employment of forged documents.