What is OpenPort?
OpenPort is a new company that operates with blockchain technology and offers solutions for every supply chain. You can use this for the transfer of physical goods with a undisputable record for events in digital format.
How Does OpenPort Work?
The OpenPort platform is said to be completely secure with applications for the transport industry. They operate on mobile and desktop formats for analytics and multi modal TMS as well as dispatcher purposes.
The platform is fully integrated into a shipper, ERP system with the proprietary platform of technology. And they also offer faster payments, with lower costs to help shippers get better rates and the transporters are paid faster. Drivers are also offered rewards.
The system is irrefutable and immutable with the smart contract system that offers a validated consensus-driven shipment of events are then recorded on the blockchain technology.
The platform is open and decentralized to be accessible for all participants including third parties for additional integration of data like IoT and GPS.
There is the one platform a company needs to operate with the OpenPort Ethereum Protocol and help with real-world transport management technology. It will help to record shipment of events on the blockchain technology network.
What is the ICO on OpenPort?
The ICO on open Port hasn’t been released yet. Hopefully it will be released in the next few months or so and you can learn more about how you can invest with the company.
Who is Behind OpenPort?
The team behind the company is headed by Max Ward, the CEO and Founder of the company. He was previously the Vice President of Business Development APAC at Agility Logistics and the Head of Consumer Retail Asia at DHL. He has more than ten years of hands on experience as an executive in business development working with different logistics in South Ease Asia. Max also has experience in solving board-level supply chain problems. He’s worked for multinationals who were primarily focused on the consumer goods industry.
He also spent more than ten years working in I.T. for several different dot-com startups in Silicon Valley, the tech hub of Northern California. He was an engineer in product development software companies in the United States and Europe before going into the software product management at APL Logistics back in 2000.
He’s from the United States, holds an MBA from the Thunderbird School of Global Management and is one of a handful of people in the industry who has experience in I.T. and commercial sales management. He has a passion for the changing times of the industry.
Morten Damgaard is the COO. He was previously the CEO of Agility Logistics in South East Asia. And before that he was the SVP of Sales and Marketing and VP of Strategic Accounts. He brings a lot of experience to the table when it comes to large-scale organizations that are emerging with Asian Markets.
He has even more experience as the Senior Director for North Asia at Damco. Also, as the Director and Generl Manager for Maersk Logistics with the executive education from the Colombia University Business School.
The company is looking to help the shipping industry improve logistics, so they can be more efficient with their services. They intend to make the industry better for all parties involved. That includes the drivers, shippers and middlemen.
If you’re in the shipping industry, this could be a good company to get involved with. And since they are open about the founders, with complete bios and actual LinkedIn Profiles for them, they are operating with some level of transparency. All in all Open Port seems like they are going to be a decent company to work with.