Ocean shipping supply chains are complex and involve multiple parties, each with parallel operational streams for documentation, transportation, and financial functions. IQAX understands that a peer-to-peer approach can help optimise operations and replace centralized platforms that operate in silos.
IQAX uses innovative technology solutions to create a more efficient shipping ecosystem, transform the industry and bring value to every single party throughout the supply chain. By using technology to act as an independent convener, IQAX brings together different industry partners to improve supply chain processes and build an open, trusted, and transparent industry ecosystem.
The challenges of building such an ecosystem go beyond simply reporting events after the fact but keeping track of them in real time or before they happen. Addressing these challenges requires tapping into the power of technology to facilitate more effective predictive decision making, leveraging blockchain technology to achieve parallelism, enabling trust, boosting transparency and inclusiveness, and strengthening all parts of the supply chain.