Copy link
Increase text size
Decrease text size
Link copied

UPS’ venture arm invests in blockchain-based e-commerce startup Inxeption

Thu, 17 Jan 2019, 06:05 am UTC

UPS Strategic Enterprise fund, the venture arm of transportation and logistics giant UPS, has made an equity investment in blockchain startup Inxeption.

Founded in 2017, Inxeption is a blockchain-based e-commerce platform, allowing businesses to promote, sell and manage their products and services online. The company said that it will use the investment to create innovative new e-commerce solutions for B2B sellers and buyers.

“Inxeption’s technology is attractive to UPS because it helps unlock new efficiencies for customers using B2B e-commerce platforms,” said Kevin Warren, chief marketing officer of UPS. “UPS creates alliances and partnerships to gain market knowledge and position the company as the shipper of choice in ecommerce.”

Inxeption has designed the first blockchain-based B2B e-commerce platform that catalogs and digitizes product information. Each change to the product is stored to Inxeption's blockchain to present a complete, accurate, and immutable product history.

By integrating product design, manufacturing, and supply chain, it helps merchants to grow their top line revenue and sell products online. The platform also features real-time analytics allowing customers to monitor online sales, and receive real-time order status, and security notifications.

Furthermore, underscoring the importance of shipping solutions in B2B e-commerce, Inxeption said that it will work together with UPS to develop and bring to market new solutions in this area. It also plans to launch additional solutions to meet the needs of specific market segments.

“This partnership represents the future of commerce,” said Farzad Dibachi, CEO and co-founder of Inxeption. “Business customers need secure platforms that protect their customer data and proprietary information, while making it easy for them to interact and even collaborate more effectively with their customers. We are thrilled to partner with UPS, the largest logistics provider in the world.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,924.64 (+1.61%)
  • Ethereum (ETH) $204.59 (+0.68%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $228.86 (+0.32%)
  • Bitcoin SV (BSV) $184.95 (-0.02%)
  • Bitcoin (BTC) $8,924.64 (+1.61%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft