Categories: Ethereum

SPARX Logistics Completes China to Canada Shipment on LogChain’s Blockchain Platform

Click here to view original web page at

LogChain’s end-to-end Blockchain solution handles all aspects of the e-BL supply-chain and a digital Letter of Credit audit – to dramatically reduce costs and paperwork, improve customer experience and SLA, increase transparency and minimize fraud risks

Hong Kong based SPARX Logistics, one of the fastest growing 3PLs in the global market offering logistics and supply chain services, completed a successful pilot over LogChain’s Blockchain end-to-end platform, handling all aspects of the supply-chain by implementing electronic bill of lading (e-BL).

SPARX Logistics, with over 28 branches worldwide, shipped electronic goods from China to Canada over the digitized and tamper-proof LogChain platform. The shipment was fully conducted using the unique LogChain e-BL, which includes the ownership lifecycle and business workflow, as well as digital electronic documentation.

Read More: Twenty Interesting AI Symbiotic Events To Look Forward To In 2019

The LogChain platform, which is hosted on Microsoft Azure cloud, using Ethereum private consortia, enables International Logistics, Shipping companies and Freight Forward companies to reduce 7 to 9% of shipment costs, and reduces, on average, two weeks of work in bureaucratic documentation for each shipment. As the maritime shipping industry continuously grows at 3-4% annually, already standing at over 80% of the global trade volume now valued at over $2 trillion, the impact on the industry is overwhelming.

LogChain CEO & Co-Founder Dudi Avni, commented on the announcement: “We are extremely honored and proud to lead the Blockchain revolution in the shipping industry. We have achieved this successful pilot, one of the few of its kind to have ever taken place, with a faster and more reliable service. We are now working together with leading international companies, such as SPARX, in order to pioneer the much-needed change in the international shipping industry.”

Read More: AI Venture Builder to Raise $2.5 Million to Launch AI Companies

SPARX Logistics Deputy CEO Mr. Eitan Shaul: “We would like to thank LogChain for paving the way and leading the Blockchain vision. We have embarked on an important venture, putting us at the forefront of the latest technological innovations. We are proud of our capability to provide our customers with the best and most advanced solutions available today.”

Founded in 2018, LogChain is a global supply chain and trade finance Blockchain platform, and is backed by technology and IT leader Aman Group. Aman Group uses technology and innovation to help businesses improve their performance and create value for their customers, offering a broad range of services and solutions in digital, cyber security, data, software development, knowledge management, and Blockchain. With approximately 2,500 employees, Aman Group serve clients around the world. Aman Group and LogChain are headquartered in Israel.

Read More: Analysts Predict SaaS Revenues to Reach $85 Billion in 2019


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Bitcoin Price Forecast: BTC/USD Volume Could Indicate A Breakout

Bitcoin’s daily volume spike could create a necessary condition for a breakout. Traded price ranges continue to constrict. Bitcoin’s Bullish… Read More

4 hours ago

Billionaire Tim Draper: Bitcoin Will Hit $250,000 By 2022

Billionaire venture capitalist Tim Draper told BlockTV that in the next several years, Bitcoin could reach $250,000 per coin. "$250,000… Read More

4 hours ago

Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela

Embattled Venezuelan leader Nicolas Maduro looks to expand Petro adoption through a new housing initiative. | Image: REUTERS /THIRD PARTY.… Read More

4 hours ago

Malware InnfiRAT Targets Bitcoin And Crypto Wallets

The malware named InnfiRAT could be stealing bitcoins and cryptocurrency wallet information. It is usually downloaded through email attachments and… Read More

4 hours ago

Bitcoin (BTC) Interest in China Driven by Price Action News

Share Tweet Send Share Baidu search trends in 2019 show Chinese bitcoin interest being driven largely by price action news.… Read More

4 hours ago

Crypto and the Latency Arms Race: Crypto Exchanges and the HFT Crowd

Max Boonen is founder and CEO of crypto trading firm B2C2 . This post is the second in a series… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More