Deloitte and Nexxiot, a TradeTech platform digitising supply chain assets, have announced their partnership to elevate the logistics industry through KYX, to develop global trade compliance and operational efficiency in the logistics supply chain. From what it’s understood, this project will utilise KYC / KYB credentials which are built on KILT for the logistics industry.
According to an official release, the announcement took place at Polkadot Pulse 1.0 during the presentation KYX: FREIGHT & CARGO MEET WEB3, with Ingo Ruebe from KILT Protocol and Micha Bitterli and Werner Fontanive from Deloitte Managed Services. This collaboration aims to redefine supply chain management, speed up processes, and set the standard for logistics services. Merging Deloitte’s KYC services with Nexxiot’s intelligence technology and the regulatory-approved CINFONI platform, KYX is expected to benefit stakeholders across trade finance, banking, and insurance.
“I believe Deloitte and Nexxiot alliance is innovating blockchain integration that will bring the traditional process of trust in real-world credentials to the digital world while keeping data private and in possession of its owner, and aims to foster new business models for anyone to build on their trust reputation. Using decentralised and open-source solutions ‘Built on KILT’, any entity should be able to create a service built on blockchain without having to deal with cryptocurrencies or needing blockchain experience,” Ingo Rube, founder, KILT Protocol, said.
