Tmxglobal coin set to be launched in Kenya said to be the the first blockchain cryptocurrency to save the logistic business in Africa from the problems experienced in the import-export sector.
So many issues have been discussed around the import export trading system in Kenya and how much it has inconvenienced buyers and sellers of commodities and caused the hike of pricing due to the value chain. Users complain of loss of property loss during the process of importation.
According to CEO of TMX Global Anthony Njoroge “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”
Various issues have been raised around the logistics business and mostly because of the unaccountability, corruption and illicit trade so now, using a convenient interface, an importer/customer can find the best online stores from the thousands of options and then choose a suitable freight forwarder to coordinate the cargo shipping
Tmxglobalcoin through worldwide partners from Asian and European countries has been able to close up the value chain with transparency.
So, the consumer is able to order their goods online, and not only at a position to track down their goods individually, this will have the consumer got to understand all documentation required for the process to be complete even before they begin.
The consumer as well gets to know the amount of money required throughout the different processes the cargo goes through and the estimated amount of time.
Once the cargo successfully goes through a process the system ticks in the system as complete and starts the next process.
TMX Blockchain Logistics objective is to reduce costs and increase shipping efficiency by integrating information about shipments onto a secure platform accessible to shippers, carriers, freight forwarders and others in the supply chain. This will definitely create transparency and effectiveness for the buyers and the sellers##