# OpenPort Announces Joint Venture with XVC Logistics to Introduce Blockchain-Enabled Proof of Delivery and Rewards Program
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-03-13
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: OpenPort Solutions - Better Liquidity & Transparency for
Meta Description: Discover the innovative partnership between OpenPort and XVC Logistics, offering market liquidity for transporters and transparency for shippers through
URL: https://financedigest.com/openport-announces-joint-venture-with-xvc-logistics-to-introduce-blockchain-enabled-proof-of-delivery-and-rewards-programhtml

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_OpenPort Solutions’ provides better than market liquidity for transporters and irrefutable transparency for shippers_

[OpenPort](https://openport.com/), the digital logistics platform that uses blockchain technology to transform road transport in emerging markets, today announced the launch of ‘OpenPort Solutions’, a joint venture with XVC Logistics, the Philippines based logistics operation. The joint venture will see the launch of OpenPort’s blockchain-enabled electronic Proof of Delivery Program (ePOD) and micro-rewards program.

Prior to forming OpenPort Solutions, OpenPort paid XVC Logistics for several shipments in Bitcoin while XVC Logistics has paid OpenPort in Ether for access and use of the OpenPortOpenTM (transport management) software and Driver App, an application that allows truck drivers to use their phones to capture electronic Proof of Delivery and send shipment data during transport.

Commenting on the announcement, OpenPort Founder and CEO Max Ward said, “The [launch of OpenPort Solutions is a significant milestone for both our business and our cutting](https://www.financedigest.com/uks-made-com-to-cut-jobs-and-launch-strategic-review.html "UK’s Made.com to cut jobs and launch strategic review") edge technology. Our blockchain-enabled electronic Proof of Delivery program has the potential to fundamentally change the logistics landscape, providing better than [market liquidity](https://www.financedigest.com/liquid-smoke-market-growth-future-prospects-and-competitive-analysis-2022-to-2032.html "Liquid Smoke Market Growth, Future Prospects And Competitive Analysis 2022 to 2032") for transporters and irrefutable transparency for shippers. Working alongside XVC Logistics to roll-out this unique program highlights the strong confidence in our offering, and we look forward to building on this momentum with a partner that shares our vision of [delivering new levels of transparency and security](https://www.financedigest.com/managing-compliance-complexity-will-deliver-security-rewards.html "Managing compliance complexity will deliver security rewards") to the logistics space.”

Providing real-time status updates from tender through to the delivery stage, OpenPort facilitates lower costs, increased control, and improved [cash flow](https://www.financedigest.com/covestro-sees-lower-2023-profit-cash-flow-as-macro-challenges-prevail.html "Covestro sees lower 2023 profit, cash flow as macro challenges prevail"). Already supporting many of the world’s largest shippers, including engagements with seven of the 10 largest multinational FMCGs, OpenPort is Asia’s only multinational digital logistics provider. At present, OpenPort is facilitating direct, transparent relationships among parties in the [supply chains](https://www.financedigest.com/strained-supply-chains-keep-u-s-producer-prices-hot.html "Strained supply chains keep U.S. producer prices hot") of China, Hong Kong, India, Indonesia, Pakistan, and the Philippines.

“At XVC, we are value creators. Our core strength is finding [solutions to the difficult problems faced by our clients and our synergy with OpenPort will bring even further value](https://www.financedigest.com/automotive-navigation-solutions-market-size-and-key-trends-in-terms-of-volume-and-value.html "Automotive Navigation Solutions Market Size and Key Trends in Terms of Volume and Value"). We believe that blockchain-enabled ePOD and improved market liquidity will greatly improve the [supply chain industry](https://www.financedigest.com/encouraging-female-talent-and-entrepreneurship-in-the-supply-chain-industry.html "Encouraging female talent and entrepreneurship in the supply chain industry") not just in the Philippines but on a global scale,” said Pierre Carlo Curay, VP Strategic Solutions, XVC Logistics.

A major logistics provider for big brand multinationals distributing across the Philippines, XVC Logistics provides services from domestic distribution to integrated [supply chain management](https://www.financedigest.com/supply-chain-management-bpo-market-is-thriving-with-rising-latest-trends-2014-2020.html "Supply Chain Management BPO Market Is Thriving With Rising Latest Trends 2014 – 2020") and tailor-fits its services to suit each client’s particular needs. XVC Logistics offers a range of unique services, including distribution management, third party contract logistics, product sales, and [marketing services](https://www.financedigest.com/car-rental-service-market-is-forecasted-to-grow-at-a-7-2-cagr-by-2031-comprehensive-research-report-by-fmi.html "Car Rental Service Market is forecasted to grow at a 7.2% CAGR By 2031- Comprehensive Research Report by FMI") as well as supply chain consultancy to industry-leading brands and organizations.

“Partnering with XVC Logistics elevates our platform and underlines our credentials as the gold standard in digital logistics for [emerging markets](https://www.financedigest.com/autonomous-vehicles-market-emerging-growth-analysis-future-demand-and-business-opportunities-2026.html "Autonomous Vehicles Market Emerging Growth Analysis, Future Demand and Business Opportunities 2026"). Fueled by our shared ambition to welcome a new era of efficiency for the [supply chain](https://www.financedigest.com/mcdonalds-milkshakes-off-the-british-menu-after-supply-chain-issues-2.html "McDonald’s milkshakes off the British menu after supply chain issues") space through the adoption of cutting-edge blockchain technology, we are very excited to introduce this programme with XVC Logistics,” concluded Ward.

For more information about OpenPort visit: [https://openport.com/](https://openport.com/)


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