OpenPort Announces Joint Venture with XVC Logistics to Introduce Blockchain-Enabled Proof of Deliver

Hong Kong - March 8, 2018 -- OpenPort, the digital logistics platform that uses blockchain technology to transform road transport in emerging markets, today announced the launch of 'OpenPort Solutions', a joint venture with XVC Logistics, the Philippines based logistics operation. The joint venture will see the launch of OpenPort's blockchain-enabled electronic Proof of Delivery Program (ePOD) and micro-rewards program.

Prior to forming OpenPort Solutions, OpenPort paid XVC Logistics for several shipments in Bitcoin while XVC Logistics has paid OpenPort in Ether for access and use of the OpenPort OpenTM (transport management) software and Driver App, an application that allows truck drivers to use their phones to capture electronic Proof of Delivery and send shipment data during transport.

Commenting on the announcement, OpenPort Founder and CEO Max Ward said, "The launch of OpenPort Solutions is a significant milestone for both our business and our cutting edge technology. Our blockchain-enabled electronic Proof of Delivery program has the potential to fundamentally change the logistics landscape, providing better than market liquidity for transporters and irrefutable transparency for shippers. Working alongside XVC Logistics to roll-out this unique program highlights the strong confidence in our offering, and we look forward to building on this momentum with a partner that shares our vision of delivering new levels of transparency and security to the logistics space."

Providing real-time status updates from tender through to the delivery stage, OpenPort facilitates lower costs, increased control, and improved cash flow. Already supporting many of the world's largest shippers, including engagements with seven of the 10 largest multinational FMCGs, OpenPort is Asia's only multinational digital logistics provider. At present, OpenPort is facilitating direct, transparent relationships among parties in the supply chains of China, Hong Kong, India, Indonesia, Pakistan, and the Philippines.

"At XVC, we are value creators. Our core strength is finding solutions to the difficult problems faced by our clients and our synergy with OpenPort will bring even further value. We believe that blockchain-enabled ePOD and improved market liquidity will greatly improve the supply chain industry not just in the Philippines but on a global scale," said Pierre Carlo Curay, VP Strategic Solutions, XVC Logistics.

A major logistics provider for big brand multinationals distributing across the Philippines, XVC Logistics provides services from domestic distribution to integrated supply chain management and tailor-fits its services to suit each client's particular needs. XVC Logistics offers a range of unique services, including distribution management, third party contract logistics, product sales, and marketing services as well as supply chain consultancy to industry-leading brands and organizations.

"Partnering with XVC Logistics elevates our platform and underlines our credentials as the gold standard in digital logistics for emerging markets. Fueled by our shared ambition to welcome a new era of efficiency for the supply chain space through the adoption of cutting-edge blockchain technology, we are very excited to introduce this programme with XVC Logistics," concluded Ward.

For more information about OpenPort visit: https://openport.com/

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Max Ward, Founder, and CEO of OpenPort, is available for interview.

About OpenPort:
OpenPort's blockchain logistics solutions deliver supply chain transparency for the world's largest companies. Asia's only multinational digital logistics provider, OpenPort provides ERP-integrated shipment visibility and electronic proof of delivery from any road freight transporter. Its logistics protocol for blockchain creates an irrefutable record of events from pickup to delivery, executed by immutable smart contracts and powered by their OPN token, providing micro-rewards to supply chain participants and frictionless payment between shippers, transporters, and retailers.

More Info: https://openport.com/