Launching GSLA: Global Supply Chain & Logistics Alliance
On November 7th, 2018, TEMCO and LogisticsX signed an MOU to launch GSLA: Global Supply Chain & Logistics Alliance. The alliance is led by TEMCO, and LogisticsX is delighted to be the first member onboard. With this alliance, members are able to share resources and insights to build a stronger network of supply chain and logistics blockchain projects and relevant businesses across the world.
The Global Supply Chain and Logistics Alliance (GSLA) is solving supply chain management problems across the globe by partnering with other supply chain and logistics blockchain projects and industry experts. While there are many innovations introduced in this space, there are still many hurdles and questions to be solved because of the differences in regulations, culture, language, and business ecosystem. GSLA can improve the awareness of the problem and share ideas to create a better solution.
Localization is one of the key problems when companies expand overseas. Currently, there aren’t any initiatives to solve such problem even though the benefit of blockchain project is decentralized. No single blockchain project can navigate every details of the business ecosystem in every country. Through expertise gained from operating in each country’s ecosystem, GSLA partners will seek out a joint solution. Each project is a valuable advisor and expert of its country, industry, and ecosystem. By working together, GSLA can truly develop a decentralized solution to the existing supply chain and logistics problems.
Scott Jaeseob Yoon, CEO of TEMCO, said, “the alliance is a much-needed step towards solving the global supply chain and logistics problem through blockchain. By creating a space to share thoughts and ideas, we can tackle problems together instead of each project reinventing the wheel. We are very excited for this partnership and the future of GSLA.”
Erik Cheong, COO of LogisticsX, added, “each project has strong business partnerships that are looking to expand overseas. We can help each other to understand and navigate the intricacies of regulations and business environment in each country. There will be a lot of synergies from working together.”
Many supply chain and logistics blockchain projects have shown interest in joining GSLA. Going forward, GSLA plans to host offline events that includes networking, learning opportunities, and idea sharing. Many blockchain industry experts are excited about the alliance, and they hope to see a spark in the conventional supply chain and logistics industry.
TEMCO is developing a supply chain platform on RSK Bitcoin blockchain. In existing systems, information is disconnected. As a result, consumers have doubts about product quality, and companies operate ineffectively. We connect isolated supply chain process and offer data services. Using our business intelligence tool, companies gain new business insights. For consumers, we provide a consumer application to track real-time supply chain data and an online market with a crypto currency payment feature.
LogisticsX is a decentralized platform aims to transform the last mile delivery ecosystem by enforcing global logistics standards using smart contracts to increase traceability, transparency, and reducing friction between all logistics stakeholders and consumers. This will help to improve transparency for efficient parcel dispute claims, to reduce cross-border logistics paperwork, and to improve tracking standards for better delivery fulfillment. LogisticsX will include a decentralized reputation system to incentivize stakeholder’s performance while maintaining neutrality.
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