SINGAPORE - Media OutReach - 8 October 2019 - Global eTrade Services (GeTS), a global trade platform company, today announced the onboarding of Swivel Software Limited (Swivel) and its community of users onto GeTS' Open Trade Blockchain (OTB), a permissioned blockchain of trusted nodes built for the trade communities.
Swivel -- a leading logistics technology provider that facilitates supply chain visibility among multiple stakeholders in over 30 countries, will use GeTS' OTB as a trusted blockchain platform for its ecosystem of importers/exporters, truckers, forwarders, customs brokers, insurance and financial service providers, air and ocean carriers. Through OTB, customers can secure the exchange of shipment data and trade documents such as Bill of Lading, Commercial Invoice, Insurance and Contracts, providing an immutable audit trail. Customers will 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 dispute or claims, to improve visibility and trust among stakeholders.
Mr. Chong Kok Keong, CEO of GeTS said: "We are delighted that Swivel is leveraging on our blockchain platform to enhance their supply chain's data authentication. By having peace of mind with the use of trusted data, we can make global trade more accessible, easier and predictable."
Ms Mandy Mak, COO of Swivel Software said: "We are excited about this collaboration with GeTS and together be part of a global platform. Alongside with GeTS, we look forward to new endeavors and opportunities to offering more trusted and value-added services to our worldwide network customers in the supply chain sector.
Mr Eugene Wong, Chaiman of GeTS said: "Trade by nature is borderless, and by combining the inherent reliability of Blockchain, we are able to bring users from over 30 countries to transform and improve their supply chain, speed up processes and boost efficiency."
About Global eTrade Services
Global eTrade Services (GeTS), a global leading trade platform company, is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of physical logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely, thus powering global trade by making it accessible, predictable and easier to fulfil. The company has linkages to 28 Customs nodes across the world, with more than 175,000 connected parties and conducting more than 18 million transactions annually.
About Swivel Software
SWIVEL Software is logistics software solutions for Freight Forwarders and Importers/Exporters HQ located in HONG KONG. The name, SWIVEL, comes from the words FLEXIBLE and ADAPTIVE.
We offer our customers with innovative systems solutions that enable them to streamline their daily operations with real-time visibility track and trancing from end to end.
Our ERP integrated systems provide the flexibility to work cohesively with our other products systems such as WMS, IPOM, CRM, and swivel treks, we are driven to provide our customer with reliable cloud-based platform solution to help them work efficiently.