RATE Group | TECH BREAK: New logistics App set to increase shipping efficiency
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TECH BREAK: New logistics App set to increase shipping efficiency

28 Aug TECH BREAK: New logistics App set to increase shipping efficiency

Posted at 10:23h in Cryptocurrency News by

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By HILLARY KIMUYU
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Kenya is set to launch its first Blockchain cryptocurrency known as tmxglobalcoin.com coin.

Its developers believe that this technology will save the logistic business in Africa from the problems experienced in the import or export sector such as price hikes caused by value chain in the sector.

Speaking to Nation.co.ke, the CEO of TMX Anthony Njoroge said that among the complains they get in the import and export industry include loss of property during the process of importation and they hope the Blockchain technology will enhance the way traders do business.

“We are using Blockchain technology to enhance Cargo logistics business to have more open, transparent and democratic process using a decentralized system, where all the users are able to talk to each other on an open platform,” said Njoroge.

He adds that, various issues have been raised around the logistics business and mostly because of the unaccountability, corruption and illicit trade….

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