TMX Global Coin, the global blockchain logistics company, is set to launch in Kenya to serve the growing demand for this service in Africa.
TMX Blockchain Logistics Chief Executive Officer Anthony Njoroge says the company uses blockchain technology to enhance cargo logistics business to have more open, transparent and democratic process using a decentralised system where users are able to communicate to each other through an open platform.
TMX Blockchain Logistics is a decentralized protocol that uses smart contracts based on blockchain technologies and solves the problems of both local and international logistics in a much more scaled way.
TMX’s objective is to reduce costs and increase shipping efficiency by integrating information about shipments onto a secure platform accessible to shippers, carriers, freight forwarders and others in the supply chain.
Various issues have been raised around the logistics business due the lack of accountability, corruption and illicit trade. But now using a convenient interface, an importer/customer can find the best online stores from the thousands of options and then choose a suitable freight forwarder to coordinate the cargo shipping.
TMX Global Coin through worldwide partners from Asian and European countries has been able to close up the value chain with transparency.
“The consumer can order goods online and track them individually,” Mr Njoroge says. “The consumer as well gets to know the amount of money required throughout the different processes the cargo goes through and the estimated amount of time. Once the cargo successfully goes through a process the system ticks in the system as complete and starts the next process.”
TMX Blockchain Logistics objective is to reduce costs and increase shipping efficiency by integrating information about shipments onto a secure platform accessible to shippers, carriers, freight forwarders and others in the supply chain. This creates transparency and effectiveness for the buyers and the sellers