SINGAPORE- Media OutReach - 8October 2019 - Global eTrade Services (GeTS), a global trade platformcompany, today announced the onboarding of Swivel Software Limited (Swivel) andits community of users onto GeTS' Open Trade Blockchain (OTB), a permissionedblockchain of trusted nodes built for the trade communities.
Swivel-- a leading logistics technology provider that facilitates supply chainvisibility among multiple stakeholders in over 30 countries, will use GeTS' OTB asa trusted blockchain platform for its ecosystem of importers/exporters,truckers, forwarders, customs brokers, insurance and financial serviceproviders, air and ocean carriers. Through OTB, customers can secure the exchange of shipment data and tradedocuments such as Bill of Lading, Commercial Invoice, Insurance and Contracts,providing an immutable audit trail. Customerswill be able to mitigate fraud risks and potential alterations to the documents,as customers can verify the authenticity of the documents in the event of disputeor claims, to improve visibility and trust among stakeholders.
Mr. Chong Kok Keong, CEO of GeTS said: "We aredelighted that Swivel is leveraging on our blockchain platform to enhance theirsupply chain's data authentication. Byhaving peace of mind with the use of trusted data, we can make global trade moreaccessible, easier and predictable."
MsMandy Mak, COO of Swivel Software said: "We are excited about this collaborationwith GeTS and together be part of a global platform. Alongside with GeTS, we look forward to newendeavors and opportunities to offering more trusted and value-added services toour worldwide network customers in the supply chain sector.
Mr Eugene Wong, Chaiman of GeTS said: "Trade by nature isborderless, and by combining the inherent reliability of Blockchain, we areable to bring users from over 30 countries to transform and improve their supplychain, speed up processes and boost efficiency."
About Global eTrade Services
Global eTradeServices (GeTS), a global leading trade platform company, is shaping the futureof trade and supply chain with its innovative use of technology and deep G2Band B2B domain expertise. GeTS enables the orchestration of physicallogistics, compliance and financial requirements of trade and supply chainseamlessly, smartly and securely, thus powering global trade by making itaccessible, predictable and easier to fulfil. The company has linkages to 28 Customsnodes across the world, with more than 175,000 connected parties andconducting more than 18 million transactions annually.
About Swivel Software
SWIVEL Software is logistics softwaresolutions for Freight Forwarders and Importers/Exporters HQ located in HONGKONG. The name, SWIVEL, comes from the words FLEXIBLE and ADAPTIVE.
We offerour customers with innovative systems solutions that enable them to streamlinetheir daily operations with real-time visibility track and trancing from end toend.
Our ERP integrated systems provide the flexibility towork cohesively with our other products systems such as WMS, IPOM, CRM, and swivel treks, we are driven to provideour customer with reliable cloud-based platform solution to help them workefficiently.