Shiptek Solutions Corp., the creator of XLOG, the world’s first fully integrated, blockchain-based, end-to-end shipping and logistics platform, plans to expand beyond the Philippines and into the larger Southeast Asian region, capitalizing on the growing demand for digital solutions in the regional logistics industry.
Shiptek is confident that it can meet the need for digital solutions throughout the area with the adoption of the Association of Southeast Asian Countries’ (Asean) regional effort known as the Asean Single Window, based on its early success in the Philippine market.
The Asean Single Window aims to expedite cargo clearance and promote economic integration by enabling the exchange of trade-related documents among Asean Member States.
“We have seen remarkable and exponential growth in volume and revenues since our launch in 2018. As the only fully-integrated blockchain-based, end-to-end shipping and logistics digital ecosystem in the country, we are able to serve all the needs of the players in the industry — from shipping lines, freight forwarders, customs brokers, trucker associations, and even drivers,” Shiptek Founder and CEO Eugenio Ynion Jr. said.
Ynion added: “This gives us the confidence that we will be able to expand in the Asean region and allow us to become the backbone of the regional shipping industry, providing the tech needed to make logistics more transparent, efficient, and affordable to all players.”
Launched in 2018, Shiptek operates the homegrown supply chain and logistics orchestration ecosystem called XLOG, which houses digital solutions such as digital documentation, online booking, fleet management, payment systems, tracking and tracing of shipments, container insurance, finance management, and a mobile app for truck drivers.
In a nutshell, XLOG streamlines the process interconnecting different players in the industry, allowing them to work with one another to create efficiencies and promote productivity.
The fully-customizable platform caters to all players — including the smaller ones — in the logistics industry.
“Our goal is to continue growing rapidly throughout 2022 by expanding our solutions and services, offering financing and digital solutions as a package. This will help our market address the main pain point of limited cash flow, while enabling them to digitize their operations, thereby promoting transparency and efficiency at more affordable costs,” Ynion said.
XLOG offers financial services by leveraging the open finance platform of its minority investor UBX, the fintech arm of Aboitiz-led Unionbank of the Philippines.
“Digital revolution has had a major impact on the logistics industry. UBx Chairman Henry R. Aguda remarked, “We expect XLOG will empower more businesses in the logistics industry to digitally alter their operations to boost productivity and help to economic recovery, complementing our open finance platform.”
Over 1,000 enterprises and organizations have trusted Shiptek to help them take their logistics operations to the next level.
“In many industries, digital transformation has become the standard, and the logistics business is on its approach to fully embracing this trend. Our technology creates a level playing field by allowing even the tiniest players to digitalize their activities. We at Shiptek are thrilled to expand to additional Asean nations in order to assist more participants in the logistics industry in joining the digital revolution,” Ynion stated.
For more information, please visit https://web.xlog.net
About Shiptek Solutions Corp.
Shiptek Solutions Corp. is a Filipino software development company that operates the pioneering end-to-end digital logistics platform, XLOG. Shiptek is a subsidiary of Yngen Holdings, which takes pride in our Filipino ownership and heritage.
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