ShipTek Solutions, the Philippine-based marine company recently launched a blockchain logistics and end-to-end shipping platform-XBLOG. With this launch, the company wants to introduce transparency in the industry and prevent incidences of shady transactions. The company recently successfully concluded an International Conference and Maritime Awards 2018, a two-day event in Dubai.
The event was held between 1 and 2 May 2018 at the city’s Dusit Thani Hotel and was inaugurated by the MS Operations General Manager, Abu Dhabi Marine Services – SAFEEN, Mr. Hamad Al Maghrabi. The annual international conference and the award ceremony were organized to commemorate ShipTek’s nine years of success in the field.
The event unveiled some breakthrough presentations that offered an insight into the world of changes in Marine Engineering, Engineering & Communication, and Offshore technology and Naval Architecture sectors. The dazzling award ceremony honored the industry veterans who have contributed to the field through their creative solutions.
XBLOG To Solve All Logistics-Related Challenges
ShipTek has been coming up with several revolutionary measures to improve the standard of working in the marine field. According to the CEO and founder of ShipTek, Eugenio Ynion Jr, their new platform XBLOG will serve as the first solution of the world capable of solving all the logistics related challenges thereby providing peace of mind to the players in this industry. During the official launch, Ynion stated there have not been many changes in the industry’s working since he started in this field 24 years ago and industries have been repeating the same things.
With the launch of XBLOG, Ynion wants to change all that. He wants to introduce digitalization in the shipping and logistics business and create a one-stop shop marketplace. According to Ynion, “This is the next step for the shipping and logistics industry.”
Blockchain-Based Platforms Are Tamper-Proof
In this process, the data of XBLOG will be uploaded on the blockchain platform due to which it will be almost impossible to hack or manipulate the information. It will thus ensure 100% protection from technical smugglings such as undervaluation or misdeclaration. With this technology, the shipping companies will also be able to track their documents rapidly and easily from the moment goods are bought until they are delivered to the warehouse and also pinpoint their whereabouts through GPS.