Kenya is preparing to launch its first-ever blockchain based new crypto exchange called TMX Global Coin. The designers of this cryptocurrency intensely believe that the tech is going to protect the logistics business in Africa from the difficulties they are presently going through in the export and import sectors.
According to Anthony Njoroge, the CEO of TMX, every grievance which they receive in the import and export sectors, the most persistent concern is the loss of property during the import process. He has faith that blockchain tech could solve all the issues that are troubling in the industry, including lack of accountability, corruption and illicit trade.
He feels that blockchain could enhance the cargo logistics industry to have more clear, simple and democratic process using a decentralized system, where all the users will be able to talk to each other on an open platform. TMX Global Coin is been working with its international partners from European and Asian countries. Among hundreds of obtainable options, users will be able to choose the best online stores and then select a suitable freight forwarder which can organize the cargo shipping.
How Will It Work?
With this new crypto exchange TMX platform, users can place orders for the goods online and then keep track of their goods individually during each step in the supply chain. Every document will be reviewed before starting the trading process.
The objective of TMX Blockchain provision is to contour provide chain processes, scale back prices and improve shipping potency by collection of all the info concerning users’ shipments on a secure platform that’s accessible by shippers, carriers and anyone else within the provide chain.
As per the news published in Daily Nation, this is not Kenya’s initial attempt on blockchain technology. However, the African country is all set to use its new crypto exchange so as to extend the potency, trust and integrity of its election choice method.
The post Kenya Introduces Its New Crypto Exchange – TMX Global Coin appeared first on OWLT Market.
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