ParcelX is set to transform the cross-border parcel delivery business using blockchain technology. Also, the firm aims to eliminate foreign exchange risk with its token, GPX. The project will be accessed globally and especially eliminate risks associated with foreign exchange when it comes to global delivery for logistic firms.
ParcelX Token System To Transform Parcel Delivery Business
ParcelX is a tech startup set to use the blockchain technology to harness underutilized capacity from domestic delivery providers, to remove inefficiency, data opacity, and high costs from geographically distant nodes. The Platform is aimed to foster a cross-border logistics infrastructure through decentralization, inter-operability, information integrity and trust in parcel delivery networks.
ParcelX has partnered with Rakuten, eBay, Wish, InterPark, LG life, ymatou.com, and haihu.com, using the existing logistics network and market base in Japan, Korea, and China to transform the inter-border deliver system.
The world e-commerce is a $1 trillion market, and 30% of it entails cross-border delivery. ParcelX will be transforming the 30% delivery with its decentralized features.
CEO and Co-founder of ParcelX, Mr. Guo Shunri, said,
“ParcelX’s closed-loop GPX Token economy builds value for early adopters and partners, and our team is confident that the initial coin offering will help scale up the existing business quickly by providing sufficient capital and ample incentives for participants to build a harmonious community that contributes to and benefits from the ecosystem.”
The platform not only provides all the aforementioned services, but also provides a blockchain platform which other businesses in related industry could take advantage of, utilizing its numerous benefits. Platforms can be assured of a cost-effective way to run their businesses as ParcelX promises a zero-commission for utilizing this platform.
Furthermore, it affords users choice of the most optimal service provider and delivery route to reduce their costs and satisfy their customers; customers can select the quickest, cheapest route while still maintaining a high quality of parcel delivery service.
The Support For the ParcelX Projects
Vice-President and Chief Innovation Officer of Yunda Group, Zhuolong Yang stated,
“ParcelX’s closed-loop GPX Token economy builds value for early adopters and partners, and our team is confident that the initial coin offering will help scale up the existing business quickly by providing sufficient capital and ample incentives for participants to build a harmonious community that contributes to and benefits from the ecosystem.”
ParcelX recently got listed on the RightBTC exchange in Dubai on August 18. Additionally, the platform’s beta version is scheduled to launch in Q4 of 2018.
