Digital shipping and freight matching network SHIPNEXT has announce a new partnership with BootUP Ventures LLC, a Silicon Valley start-up ecosystem of investors, mentors and partners, which will see SHIPNEXT move its headquarters to the US as it continues the commercialisation of its platform.
“With offices in San Francisco, Singapore, Odessa and Dubai, SHIPNEXT will shortly become a Google Maps-like solution for cargo transportation, which can be easily connected to any individual supply chain to generate time- and cost-efficient transportation solutions, regardless of cargo type and packaging,” said SHIPNEXT’s founder and CEO, Alex Varvarenko.
SHIPNEXT integrates natural language processing, AI, machine learning, Big Data analysis, and linear programming technologies to digitally manage the shipping of all types of cargo. The system is comprised of a centralised marketplace, decentralised transportation network, and a distributed ledger via blockchain to allow for trading and sharing of data across multiple systems.
The company says that it recently introduced new functionality for Smart Contracts, Electronic Bills of Lading, an instant Freight Index, as well as interconnectivity with ship operations and e-mailing software packages to the SHPINEXT platform.
“We are very excited about partnering with SHIPNEXT and serving as its bridge to Silicon Valley,” said BootUP founder and CEO, Mukul Agarwal.
“I met Alex in one of our Start-up Bootcamps, and our team saw first-hand the significant potential in his vision and this technology.”
