January 12, 2018: UK based start-up and P2P logistics platform, DAFZO is all set to disrupt the logistics sector using its Blockchain, smart contracts and AI.
Within first month since it launched, DAFZO entered into global logistics support partnership with Hong Kong-based Galaxy e-solutions, which is a hybrid Blockchain market leading refurbished electronics company.
DAFZO aims to revolutionise the Global e-commerce logistics and the consignment forwarding system by eliminating the present financial intermediaries, such as bankers that involved in the process of letter of credit to facilitate International sales.
Alternately DAFZO's proposed Blockchain logistics ecosystem costs much less to operate and further adds benefits to the user by reducing the turnaround time (TAT) of shipment and the hefty transaction fee of financial intermediates.
DAFZO offers enhanced safer technology and reliability, and strengthens the entire supply chain.
DAFZO is the fusion of Blockchain, smart contract, artificial intelligence and machine learning process that offer a number of benefits to the average consumer, including safety, liquidity, and economies of scale in trade finance and International sales.
DAFZO ecosystem open letter of credit without property collateral and exporter save high banking commissions under letters of credit also avoid the lengthy paper process.
DAFZO is the advanced version of Courierhome, which is India's first online logistics aggregator powered by AI (ALIS) by the same founding team.
Courierhome empowers users to send a courier from anywhere in India to anywhere in the world.
Prateek Sharma, founder of DAFZO and Courierhome said: "From the inception of logistics industry is one of the most unorganised sectors and lacking innovation in the terms of technology integration. We came up with an idea of beta-launch of Courierhome by introducing India's first online logistics aggregator service, integrated with artificial intelligence."
"We received overwhelmed response so far from the market and looking at the response team decided to launch beta version globally by adding an advanced layer of most disruptive technology Blockchain," said Sharma.
Sushant Kumar, co-founder & COO of DAFZO and Courierhome said: "DAFZO is using smart contract for every transaction keeping the security measure in mind. DAFZO is going to create an ecosystem in which beneficiary parties, such as international buyers, e-store and importer-exporter are going to benefit. Dafzo is empowering international buyers to shop online without any geographical barrier and same time offer e-stores to expand their business internationally."
Meanwhile, DAFZO is also expected to soon launch its Initial Coin Offering (ICO), through which it will begin its ERC20 cryptocurrency utility token 'DFZ'.