The digital logistics platform powered by blockchain, OpenPort Ltd has announced its
first commercial partnership built on a re-seller agreement with Heavyweight Group Special Projects (Pty) Ltd, an outsource specialist dedicated to providing customers with flexible and cost-effective logistics solutions mainly focused on bulk logistics for Southern Africa.
OpenPort Ltd. uses blockchain technology to transform domestic distribution in emerging markets.
As of now, the partnership’s goal is to provide an integrated system that can manage the logistics chain from top to bottom with traceability and verification in mind — a feat which can be accomplished with OpenPort’s proven blockchain-enabled transport management system (TMS) for enterprises.
The partnership intends to focus on two major verticals, fast-moving consumer goods and mining. OpenPort’s Mining Operations Logistics Solution (MOLS) is built in partnership with Canoe Mining Ventures, and specifically tailored to serve the traditional mining industry using a blockchain protocol for recording the tracking and delivery of core samples and other raw or finished resources.
Commenting on the partnership, OpenPort CEO Max Ward said rapid growth across many industry verticals is placing strain on their supply chains. The mining industry’s fragmented supply chain is just one example of how problems with traceability, transparency, and verification chip away at cash flow and margins.
The supply chain is filled with complexity due to its many verification processes from manufacture to transport.
According to Neil Orleow, joint-CEO of Heavyweight Group Special Projects, from their perspective as a major logistics provider, one of the core challenges in today’s supply chain is the lack of traceability and transparency across the different delivery points, which creates small gaps that all accumulate together resulting in major discrepancies in transactions.
The OpenPort Blockchain Solution
OpenPort’s blockchain solution aims to provide Heavyweight Group Special Projects and their clients across Africa with greater visibility through an integrated supply chain, knitting the complex and fragmented parts of the supply chain together. With Heavyweight Groups’ years of experience in bulk logistics, OpenPort are confident that the partnership will not only yield the intended results but will also serve as a huge step in addressing the many inefficiencies in the modern supply chain.
Orleow added that logistics management is filled with inefficiencies that can be solved with the right technical solutions. Heavyweight Group are confident that this partnership with OpenPort is a step in the right direction.
On their part Ward added that partnerships like these are a testament to the company’s ambition to extend the reach of blockchain-powered logistics across different industries, starting with our partnership with Canoe Mining Ventures in developing the MOLS product.
Collaborating with Heavyweight Group, an established bulk logistics provider with years of experience operating in complex industries, is a proud moment and a huge stepping stone for OpenPort in Africa.