Inxeption, the blockchain-for-business start-up, has introduced a new service called Zippy Freight to help business-to-business (B2B) companies reduce their freight costs and smooth out the complexities surrounding shipping operations. Zippy Freight will be a part of the Inxeption platform, and will allow businesses to control all aspects of selling – including freight shipping and tracking from a single dashboard.
Inxeption pioneered an ecommerce platform that connects industrial buyers with sellers, unlike traditional digital retail marketplaces that directly connect individual consumers with sellers. In essence, this has created a separate niche within e-commerce, putting the spotlight on industrial buyers and helping sellers reduce revenue volatility by guaranteeing repeat customers.
In an attempt to drive consistency within the end-to-end transactions on the Inxeption platform, the company collaborated with UPS (NYSE: UPS) to develop Zippy Freight, through which users can control their supply chains with a few clicks on their Inxeption dashboard. Zippy Freight is agnostic to shipping volumes and parcel sizes; it is tailored to suit operations that range from small parcel shipping to bulky and odd-shaped packages that weigh more than 100 pounds.
“Inxeption’s industrial-strength commerce platform and online product catalog give manufacturers, distributors and wholesalers a simple, fast way to set up a company-branded online site to conduct e-commerce transactions. Inxeption then helps its users list, market and then sell their products to their business customers. Its blockchain-secured technology helps ensure that sensitive information such as contract-specific pricing and negotiated rates are only shared between the buyer and seller,” said Inxeption in its statement.
Inxeption cited the example of Bela Drink, an Ayurvedic beverage company that sells Bela drinks to over 3,000 independent exercise, health and yoga businesses across India. Since the company’s products fall in a vertical that is very fragmented and quite unfamiliar to individual consumers outside the niche, traditional e-commerce entities like Amazon or Shopify cannot help its business – because finding long-term industrial partners is difficult and traditional online retail platforms charge extremely high rates for shipping large orders.