Local blockchain logistics platform makes global footprint

EXECUTIVES of Shiptek Solutions, the Filipino developer of XLOG end-to-end shipping and logistics solutions provider, Future Greens Commercial Broker, Malaysian Group and Quadd Solutions (Pvt) Ltd., signed an agency agreement on Thursday, giving XLOG its first global digital footprint in the blockchain-enabled logistics and shipping tools.

The localy-developed app XLOG has made its first major global footprint with the signing of three agency agreements with solutions provider companies from Malaysia, the Middle East and North African (MENA) and Sri Lanka.

Eugenio Ynion Jr., founder and CEO of Shiptek Solutions, the developer of XLOG, announced the signing of partnership deals with Future Greens Commercial Broker, a primary digital platforms solutions provider in the MENA region, and Quadd Solutions (Pvt) Ltd., a Sri-Lanka-based pioneer in self-service solutions for sophisticated modern lifestyle.

Another company from Malaysia also signed an agency agreement with Shiptek during the event.

“The signing of these partnership deals with investors from the MENA region, and Sri Lanka is a testament of the growing recognition of the global community of the services of XLOG,” Ynion said.

“Already, the global shipping and logistics industries are looking at XLOG to move cargoes anywhere in the world seamlessly using the latest in blockchain technology.”

The XLOG platform was 100 percent developed in the Philippines. It aims to simplify the shipping and logistics by bringing the two industries in the digital age by creating an online marketplace for both companies that offer and require such services. Ynion envisions the company to be the “Traveloka for shipping lines, Uber for trucking, and the Airbnb for warehousing.”

XLOG leverages the latest technologies for a seamless experience. It creates a complete documentation of door-to-door shipment from the country of origin to country of destination. The platform also provides instant access to both historical and current shipments.

In May, the company inked an investment deal with UBX, the FinTech subsidiary of lending giant Union Bank of the Philippines (UnionBank).

The partnership with UBX allows Shiptek to use the credit facility network of UnionBank, while at the same time fuse their shared expertise in one ecosystem where logistics and financial create value-laden experiences and conveniences for stakeholders.

“We are making great strides in the shipping and logistics industries. We are hoping to expand the access of micro, small and medium enterprises to participate in the global economy,” Ynion said. “The signing of agreements with groups from the MENA region and Sri Lanka is a step closer to achieving that goal.”