CHILE : DeltaX, a leading digital freight transportation startup operating primarily in Bolivia, Peru, and northern Chile, has taken an important step toward its mission of modernizing logistics in the Andean Region by integrating its technology with the blockchain-based platform TradeLens.
DeltaX connects truckers, carriers, brokers, and shippers in one digital platform to help them find loads and trucks and uses cutting-edge technology to increase transparency among stakeholders.
DeltaX has a large cohort of clients in different industries like commodities (iron, cement, sugar, paint, ceramics, steel, mass consumption, and others) and the agroindustry (bulk sunflower, bulk soybeans, wheat, sorghum, and fertilizers). Now, DeltaX is integrating with Peru and Chile’s main ports and intends to use Tradelens containers’ real-time data to provide shippers end-to-end visibility of supply chain operations.
Along those lines, DeltaX will use the data to track containers and feed its models of AI to determine the ETA of containers arriving at ports. This will help optimize their operational planning processes. DeltaX will also help exporters and importers gain visibility of container documents in one secured and digitized space, minimizing the paperwork and inefficiency of current international operations.
“TradeLens is an innovative, open, and neutral supply chain platform leveraged by blockchain technology. The platform intends to share true information and collaboration across supply chains, thereby increasing industry innovation, reducing trade friction, and—ultimately—promoting more global trade,” shares Luis Fernando Ortiz, CEO of DeltaX.
DeltaX is the digital freight platform of the Andean Region. It connects shippers with transportation companies and independent truck drivers. Its technology brings users to the cloud and allows them to operate their shipments digitally. DeltaX’s mission is to modernize land logistics in the countries of the Andean Region. It was launched in Bolivia in February 2020, and in April 2022, the startup raised a USD 1 million seed round.
The TradeLens platform has been jointly developed by Maersk and IBM. TradeLens is an open and neutral industry platform underpinned by blockchain technology and supported by major players across the global shipping industry. The platform promotes the efficient, transparent, and secure exchange of information to foster greater collaboration and trust across the global supply chain.