The trendsetter of blockchain-for-business, Inxeption Corporation, revealed that UPS (NYSE: UPS) Strategic Enterprise Fund has made an equity investment in the company. Investment will be made available to develop groundbreaking e-commerce solutions for B2B market participants.
Farzad Dibachi, CEO and co-founder of Inxeption, said “This partnership represents the future of commerce. Business customers need secure platforms that protect their customer data and proprietary information, while making it easy for them to interact and even collaborate more effectively with their customers. We are thrilled to partner with UPS, the largest logistics provider in the world.”
Inxeption has engineered the first B2B blockchain-based e-commerce platform which records and digitizes product details. The sophisticated technology seamlessly integrates product development, production and supply chains to assist traders to generate their top sales and sell products online, for the first time or in a highly scalable and wiser way. In B2B e-commerce, shipping solutions are especially crucial.
In this domain, UPS and Inxeption will collaborate to build and offer innovative solutions. In addition, the platform provides real-time analysis to enable clients to track online sales and obtain live order status and security alerts. Inxeption intends to develop extra solutions to the demands of precise market sectors.
Kevin Warren, chief marketing officer of UPS, said “Inxeption’s technology is attractive to UPS because it helps unlock new efficiencies for customers using B2B e-commerce platforms. UPS creates alliances and partnerships to gain market knowledge and position the company as the shipper of choice in ecommerce.”
Dibachi, Mark Moore and Terry Garnett established Inxeption in 2017. Before Inxeption, she served in Oracle’s technical and marketing management roles and co-founded Niku Corporation, yet another tech firm.
