DAFZO, a startup headquartered in the UK plans to disrupt the logistics industry with its patented technology including Blockchain, smart contracts, machine learning, and Artificial Intelligence (AI). It recently filed for the patent application in UK and Europe. The company is the first P2P logistics Blockchain-based global platform in the world.
The Blockchain patent by DAFZO is aimed at bringing a change in the global e-commerce logistics and consignment forwarding system by eliminating the necessity of the current financial intermediaries such as bankers who involve in the process of Letter of credit to bring about international sales. A fusion of technologies, DAFZO provides numerous benefits to the user, including safety, liquidity, and economies of scale in trade finance and international sales. It reduces the Turn Around Time (TAT) of shipment and the huge transaction fee of financial intermediates. DAFZO provides an advanced and safer technology as well as plays an important role in strengthening the entire supply chain.
“From the inception of logistics industry is one of the most unorganized sectors and lacking innovation in the terms of technology integration. We came up with an idea of beta-launch of Courierhome by introducing India's first online logistics aggregator service, integrated with Artificial Intelligence. We have received overwhelmed response so far from the market and looking at the response team decided to launch beta version globally by adding an advanced layer of most disruptive technology Blockchain,” said Prateek Sharma, founder of DAFZO and Courierhome.
Sushant Kumar, Cofounder and COO of DAFZO and Courierhome said, “DAFZO is using smart contract for every transaction keeping the security measure in mind. DAFZO is going to create an ecosystem in which beneficiary parties such as international buyers, e-store and importer-exporter are going to take advantage of. Dafzo is empowering international buyers to shop online without any geographical barrier and same time offer e-stores to expand their business internationally.”
DAFZO is also bringing its Initial Coin Offering (ICO). It will use this to launch its ERC20 cryptocurrency utility token called DFZ tokens. Nass and Guild LLP, an IPR consulting firm which specializes in IPR and cryptocurrency regulation is assisting DAFZO in framing legal framework for ICO offering.
DAFZO is the advanced version of Courierhome, which is India's first online AI (ALIS) powered logistics aggregator. Courierhome encourages users to send a courier from anywhere in India to any other part of the world.
In a report on Global E-commerce Logistics Market added by Research Beam, the market is expected to grow at a CAGR of 10.10% during the period 2017-2021. The report encompasses the research methodology, market size, market share analysis, market dynamics, market trends, vendor analysis, Five forces analysis, market forecast, key industry segments, and company profiles. The key players operating in the global e-commerce industry include Aramex, Deutsche Post DHL Group, FedEx, and UPS. The primary market driver includes the growing e-commerce industry. However, the last-mile delivery cost challenge and more impede the market growth. Other prominent players in the industry include CEVA Logistics, C.H. Robinson, Kerry Logistics, Sinotrans (HK) Logistics Limited, The Panalpina Group, Nippon Express, Rhenus Group, Kuehne + Nagel, eStore Logistics, and Kenco.
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Published On : January 2018
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Published On : February 2018
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