eTEU connects all members of the supply chain to a decentralised network, allowing direct communication, data sharing and secure document transfer between all members of international trading supply chain. Using blockchain as the underlying layer of our system infrastructure allows us to protect digital documents from forgery, building a safe and independent platform. eTEU’s decentralised platform opens the possibilities for international trade payments to be made easily, fast, cheap and securely not previously done in the industry.
eTEU platform will allow shippers to automate mundane tasks and will speed up the flow of information across the supply chain greatly reducing costs.
Having trade documents stored on the decentralised network, will open possibilities to use smart contracts in order to automate number of costly and time-consuming processes involved in cross border logistics, such as container release in ports, cargo insurance, quality control and banking escrow services.
eTEU enables seamless implementation with shippers’ existing business software in order to avoid disrupting core business processes, enabling digitalisation and a smooth transition to paperless trade. Built on a distributed ledger, the eTEU platform will be accessible to small and medium sized shippers, thus equipping them with tools previously accessible only to the largest firms in the industry.
eTEU is a startup that works on documentation process optimisation and digitalisation in the container shipping industry. We aim to make documentation as simple as possible, thus allowing a company to excel at operating in the industry. The system will be an independent open customer platform which will be focused on the freight forward market providing paperless trade facilitation.Meet the team
With the Economy of Things and blockchain infrastructure being developed it is estimated that this could generate over $1 trillion in trade. The costs related to trade documentation processing and administration are estimated to be roughly one-fifth of actual physical transportation costs. Even establishing the authenticity of such documents can prove frustratingly difficult. We aim to make this process more user-friendly, accessible and efficient for companies looking into establishing themselves in the industry.