Fr8 Network announced Monday that OpenPort, an Asian company that provides trade finance and transportation management, will rely on Fr8 for help with blockchain technology.

OpenPort, which lists Unilever, Pepsi and Procter & Gamble among its customers, is developing a system called ePOD (electronic proof of delivery) in which truck drivers use cellphones to verify deliveries. To encourage adoption, OpenPort makes micropayments to drivers each time they use the cellphones.

The partnership will allow OpenPort to store its delivery verifications on the blockchain and make micropayments with Fr8 Network’s Fr8 token.

“The partnership helps OpenPort focus on core competencies like creating and driving adoption of a feature-rich Transportation Management System (TMS) while Fr8 Network provides blockchain integration and protocol-level components,” Fr8 said in a new release. 


ThirtyK Staff
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