BlocBox & Global Ship Spares Form Strategic Alliance

BlocBox Pte. Ltd has formed a strategic partnership with Apta Solutions’ new arm, Globalshipspares.com (GSS), for the mutual benefit of both parties in the Asia-Pacific and European regions.. Both organisations place high priority on sustainability and this common goal led to the forming of a technical collaboration between them.

Globalshipspares.com, the new website launched by Apta Solutions, provides essential spares to the shipping sector through refurbished and reused marine equipment, aiding in sustainability within the maritime sector. Similarly, BlocBox’s use of data analytics to help streamline operations for ship owners, which in turn optimize cost savings, is crucial in ensuring the longevity of sustainable practices. Such practices from the two organization ensure a creation of an eco-friendly environment, subsequently achieving sustainability as a partnership.

The collaboration will see GSS become one of the stakeholder nodes in the Minimum Viable Product (MVP) stage of the BlocBox product. As per the agreement, the proprietary BlocBox Protocol will be used by GSS to enter into a side chain with relevant stakeholders. The latter will also use BLX tokens throughout the GSS ecosystem.

Additionally, GSS will utilise the BlocBox Protocol as well as the Blockchain as a Service (BAAS) component of the solution for the management of contracts. Using a digital platform adds to cost savings in terms of paper and other resources. Furthermore, on completion of successful trials, GSS will incorporate BLX into the ecosystem to facilitate smooth transactions, resulting in time savings and transparency to all stakeholders involved.

After signing the agreement, Saurish Nandi, Chief Technology Officer of BlocBox stated,

“We are pleased to work with a company that shares our goal of sustainability in shipping. With shipping now embracing digitalisation, technology is the only way forward. The potential in terms of efficiency, transparency and cost saving is limitlessand we are excited for what’s to come.”

Alex Lee, Managing Director of GlobalShipSpares.com, further commented on the strategic alliance,

“It is a pleasure to collaborate with a forward-thinking organisation such as BlocBox. This collaboration opens up a new paradigm for our customers to leverage on technology and at the same time operate in a sustainable and environmentally sound manner.”

The strategic alliance will further benefit both organisations in regards to expansion and growth as it allows for exposure and entry into new markets for both parties involved.
Source: BlocBox Pte Ltd.