E-commerce firm mjunction services limited of India has joined hands in partnership with Ship next a blockchain shipping firm reported the Sea News, the global maritime news agency on Feb 20.
With this partnership, junction looks forward to increasing its supply chain, while simultaneously bringing its clients with values added services as stated by Vinaya Verma, CEO of the junction.
The founder and CEO of Ship next, Alexander Varvarenko, stated that through this partnership with the junction, the junction’s large cargo base will attract more traffic from shipowners and ship operators to the Ship’s next platforms.
the Steel Authority of India (SAIL) and Tata Steel’s joint venture mjunction services ltd is reportedly the largest e-commerce firm in India. While it also operates the world’s largest electronic marketplace for steel. The company also functions in other business sections such as e-finance, e-retail, and other services.
Shipowners or ship operators according to Sea News, can register on the Ship next platform with Tata Steel and Indian Steel Board major Indian shipment providers to participate in the transportation of cargo. Ship next within the agreement will be authorized manage to the Know Your Customer (KYC) procedures of shippers.
The development of a blockchain implemented a system that will operate with ports was announced recently by Infotech Baltika, Russian shipping logistics company. Moscow-based blockchain startup Iconic has partnered in the project.