Abreco Group invests in Blockchain technology to improve network visibility
SINGAPORE, December 8, 2021 / PRNewswire / – UAE-based Abreco Group announces strategic partnership with #dltledgers, SingaporeBlockchain-based business-to-business software company providing smart blockchain / AI / ML-based solutions to the logistics industry.
As the world rethinks and reposition their supply chain strategies, freight forwarders and 3PL service providers like Abreco Freights UAE strive for higher levels of visibility that emerging technologies can offer. The process of signing a 3-year strategic partnership with #dltledgers, Singapore, is part of the Abreco group’s recent investments in innovative technologies to gain a competitive advantage in the industry.
3PLs like Abreco Freights are maturing in their adoption of advanced technologies like blockchain, artificial intelligence (AI) and machine learning (ML) to respond to disruption and improve the customer experience.
With the adoption of the digital solution offered by dltledgers, Abreco freight will be able to
Improve their communication efficiency with their network of customers and suppliers (carriers, agents and other related service providers).
Improve trust and ensure data integrity. The document / data is verified in the blockchain, providing an immutable tamper-proof record of transaction information with audit trails.
Accelerate the entire flow of transport documents between network participants in a private and authorized manner, reducing data entry requirements to around 80%,
Simplify data changes throughout the shipping process, streamline controls required for cargo, and reduce manual errors, reducing the risk / burden of customs / government compliance penalties.
Allows multiple stakeholders to share access to information confidently and securely, saving time, costs and resources, while also improving customer service.
Shaji mohammed, CEO of Abreco Group, commented, “We are committed to leading the digital transformation of logistics services in the UAE and the partnership with dltledgers is proof of our commitment to providing our customers with well-controlled, cutting-edge technologies. “
Samir Neji, Founder and CPO of DLT, said: âThe Abreco Group is on a transformation journey to manage multiple clients through solutions and technologies. We are excited about the partnership and the opportunity to support Abreco in its digital initiatives to provide an integrated logistics and supply chain ecosystem spanning many different parties, to provide warehouse services, transportation services, services distribution and other premium value-added services.
As the industry becomes more and more complex, a 3PL vendor who can offer an integrated end-to-end solution has a distinct advantage. Having a technology partner like dltledgers, who can deliver innovative digital solutions, meets the need and helps build a robust end-to-end system with control, visibility and flexibility. Going forward, a combination of technology experts and supply chain engineers from dltledgers will provide comprehensive insight into the value of a wide range of logistics solutions on a co-innovation basis.
Jean-Georges, Supply Chain Director, dltledgers reiterated that for any strong end-to-end supply chain to be competitive, digitization and adoption of new technologies is key. The logistics / delivery industry has huge potential to embrace blockchain, AI and ML, in their operations and we thank the Abreco Group for leading this change in their organization. At dltledgers, we are currently extending this knowledge to other players in the logistics industry.
Abreco Group is poised to experience exponential growth in the coming years, which means creating robust systems and functionality to meet the growth. This involves working closely with customers, suppliers and authorities to harness the full potential of blockchain technology. The company envisions regional and global expansions with vertical specialization. Investments in technology are part of efforts to improve automation, enabling electronic data flows, making the business more productive and ensuring data integrity in all its transactions.
The Abreco Group is a diversified global company, headquartered in the United Arab Emirates, comprising more than 25 companies in fourteen verticals. Abreco Group currently owns interests that range from freight, transportation, energy, oil and gas, banking, hospitality, distribution and education. Launched in 2010, Abreco Freight is a key vertical and has evolved over the years to become one of the main international freight forwarding divisions of Manchester Shipping LLC, which is one of the group companies.
To verify https://abrecogroup.com/
Distributed Ledger Technologies (DLT) Pte. Ltd., Singapore is a business-to-business software company delivering innovative digital applications using blockchain / AI / ML technology. Focused on streamlining the digitization of the supply chain, our goal is to support the adoption of blockchain at the enterprise level. Our enterprise-grade blockchain applications are specially designed for collaborative commerce with ecosystem partners. Large enterprises, banks and logistics service providers are allowed to execute digital smart contracts, facilitate financing, traceability and improved visibility in the blockchain with our own packaged blockchain connectors to legacy ERP’s, mobile devices and other IOT devices.
To verify www.dltledgers.com