Bitcoin Global News (BGN)
March 26, 2019 -- ADVFN Crypto NewsWire -- E-commerce
continues to grow with new methods for creating digital content and
processing physical products through digital platforms, but this
has largely been limited to consumer sales. The B2B e-commerce
world is now evolving fast. Projects for market growth in the
sector are a high as $1.8 trillion by 2023 by Forrester market
research company. But right now, much of the B2B product sales are
processed by more traditional direct sales methods, third-party
distribution, or a combination of both.
“The growth of e-commerce is
driving B2B buyers to expect the same fast and convenient shopping
experiences that consumers enjoy. Working with Inxeption is another
way we’re creating innovative solutions that helps small businesses
deliver quality service for their customers and succeed in
e-commerce.” - Kevin Warren, chief marketing officer for
UPS.
A new platform from UPS made in
combination with a blockchain startup is working to streamline
transactions and logistics from a secure dashboard for B2B sales.
In this way, merchants will be able to manage all aspects of
selling and shipping from one place, and customers are connected to
reliable shipping and tracking services from UPS in the same
platform.
Inxeption
UPS has taken on the aid of
Inxeption to facilitate this new platform, which will be called
Inxeption Zippy. Though the company is just a startup, the
organization was named one of the 20 Most Promising Blockchain
Technology Solution Providers of 2018 by CIO Review. Their mission
is to change the way industries promote, sell and manage products
and services online. They offer a feature-rich software and service
platform that provides tools based on blockchain technology to
ensure trusted, secure and reliable transactions.
“We’re revolutionizing B2B
e-commerce and bringing companies and their customers together
online in a trusted manner. This relationship creates simplified
pricing solutions for B2B merchants with limited digital marketing
and IT resources to easily manage all aspects of selling and
shipping from one secure place.” - Farzad Dibachi, CEO of
Inxeption
Ultimately the platform can
increase sales, streamline business processes, and extend products
to new online channels. In essence, it is an online product catalog
enabling manufacturers, distributors and wholesalers to efficiently
create a company-branded online site to conduct e-commerce
transactions. Further, this is all backed on a blockchain network,
which helps ensure that sensitive information such as
contract-specific pricing and negotiated rates are only shared
between the buyer and seller.
By integrating UPS as the
shipper, it creates a seamless, end-to-end experience where
merchants can assess their entire supply chain from product listing
to delivery. It includes an entire suite of sales and supply-chain
management capabilities for:
-
Developing a digital
storefront
-
Scheduling orders, shipments and
potential returns
-
Diverse purchase management, bulk
orders and multimodal shipments
-
Transaction processing by credit
card, purchase orders, or financing
-
Facilitating search engine
marketing
-
Condensed sales and marketing
analytics
By: BGN Editorial Staff