ParcelX, a logistics company powered by the blockchain, recently announced that the beta phase of their platform had launched. This will be the first cross-border parcel service, which offers e-commerce and providers of delivery services collaborative tools. This includes tools such as online interactions and real-time sign in.

The team behind this platform came up with an easy-to-use interface for providers of traditional logistics services. For the providers of logistics services working with ParcelX is comparable to working with any other logistics service. However, it does not have the usual complexities and technical expertise requirements.

The service is quite easy to access for cross-border parcel delivery. It is powered by the blockchain, which ensures that there is zero cost. Users will also be able to enjoy better settlement support, fair value for money, and efficient integration.

On the platform, e-commerce sellers can choose a service provider and the most efficient delivery route. While costs of delivery are lowered, it will ensure that goods arrive on time and the delivery services are reliable.

Because of how complex it can be to track a parcel and the need to obtain information in a timely manner, the ParcelX service will connect logistics providers, shipper, integrators, and consumers in one place. This platform will be powered by the blockchain and will have great security and transparency. It will also be quite easy to track the delivery of any package.

According to the President and co-creator of ParcelX, Yang Mingy, ParcelX’s vision is the creation of a transparent ecosystem that benefits everyone. It will be based on incentives to encourage the provision of the highest level of service. Thus, those that offer greater service will get more orders and higher settlement rewards. Those who fail their customers will be penalized. With time, the service gets rid of those who consistently rank low. Thus, the service will get better with time. Only those who offer great service will be left.

Another expert in the logistics industry said that if the model proposed by ParcelX solved the main pain points, it was worth trying. He added that they were considering including the feature for their e-commerce business. Another expert claimed that after releasing the platform, they would make updates based on feedback. These updates will be made every month or twice a month. This would depend on the issues identified and the gravity. He added that after that, the next phase of this project would have even more features.

Blockchain technology will make it possible to come up with a digital identity. For one, they will reduce time by cutting down the time needed for a physical interaction. This could also lead to huge saving, especially in legal costs. Everything is saved on the blockchain and it is immutable. Thus, conflict cannot occur over a misunderstanding. With the help of smart contracts, there will be no need to hire an expensive legal team to check the fine details of paper contracts.

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