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Blockchain Industry News

UPS Announces Merchant Supply Chain Blockchain

UPS, the United States’ major postal carrier has recently partnered with tech company Inxeption in order to roll out something that would make the merchant supply chains better – a platform that is powered by blockchain.

Inxeption Zippy

The latest blockchain platform that they named Inxeption Zippy is tasked to provide companies with assistance when it comes to listing, marketing, and distributing their goods to clients. This blockchain-enabled platform gives an opportunity for merchants to closely monitor the whole supply chain of the company. Monitoring extends to listing and delivery of products as well as making sure that buyers and sellers can have ready access to sensitive data such as pricing of specific contracts.

In mid-January, UPS made an equity investment in its current partner, Inxeption, although the size of the investment was not disclosed. CEO of Inxeption, Farzad Dibachi, promised that this partnership would make it easy for customers to interact while it would be easier for Inxeption to collaborate with their clients in a more efficient manner.

Through the blockchain-powered platform, any merchant can now upload product information as well as schedule orders easily and instantly. They can also process transactions with ease, and conduct research such as reviewing of sales and monitoring of returns.

According to Dibachi, the platform is expected to simplify pricing solutions for all types of B2B merchants, especially for those who are deficient when it comes to IT resources and digital marketing resources. This system will securely facilitate management of all selling and shipping aspects.

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