UPS Makes An Equity Investment In US Blockchain B2B Company Inxeption
The investment sector of UPS, a logistics company, has recently decided to make an undisclosed equity investment in Inxeption, a blockchain B2B company from the United States. The company has confirmed the investment, without talking about the sum, yesterday, January 16. Inxeption has also declined to talk about how much money it was.
Inxeption is a blockchain company that started out in 2017, the year of the blockchain awakening. The company uses the blockchain to make supply chain processes and management easier for other companies.
Farzad Dibachi, the CEO of Inxeption, has affirmed that the product of the company can greatly help other companies as they help to protect their data and make it easier for them to collaborate with other companies that use similar tech. The product, as Dibachi describes it, is an e-commerce platform for the B2B market.
Now, the company will join many other companies that have made important partnerships with UPS and are on a journey to make corporate systems more transparent than they currently are.
The CMO of UPS Kevin Warren has affirmed during the announcement of the partnership that the technology of Inxeption is attractive to the company it can be used in a way that it will help B2B e-commerce companies to unlock all their efficiency.
Supply Chains And The Blockchain
As Bitcoin is still not the new gold officially, supply chains can surely be considered one of the areas that were more revolutionized by the blockchain technology. Since 2017, many companies are making important initiatives to develop this sector more and more.
In 2019 alone, more initiatives have appeared as well as this one. For instance, many projects like this one were announced in the World Economic Forum in Davos recently.
With a bit of luck and a lot of effort and quality, Inxeption and UPS want to make the killer use case for using the blockchain in supply chains.