CyberLogitec Announces Launch of Blockchain-based Platform Services

SINGAPORE,Nov. 22,2018 -- Leading maritime,port/terminal and logistics information technology (IT) solutions provider CyberLogitec today announced its plans to provide a blockchain-based platform for all its IT solutions beginning 2019,a move that is set to overhaul the global logistics ecosystem and practices. The blockchain platform is developed in partnership with Damon Corp.

Blockchain technology will offer a cryptographically-secured environment for efficient and transparent operations,with huge cost and time savings expected to be reaped. CyberLogitec will implement the technology initially for two platform-based software solutions-- freight trading platform FREIGHT9 and inland trucking platform OPUS9-- after which it will be extended to the rest of its IT solutions.

Blockchain technology in logistics will steer the industry towards greater efficiency,transparency and accuracy. The new blockchain-based platform services will be a real gamechanger in the way carriers,shippers and forwarders work across the world.

Both FREIGHT9 and OPUS9 are solutions that enable carriers,shippers and forwarders to enjoy shipping without the need for intermediaries and paper-based documentation. The solutions,as with other CyberLogitec solutions,leverage gamification where customers get to engage in elements of game-playing. Enhanced by blockchain technology,the end-to-end logistics processes involving transactions and rewards can now be done in a highly secured and scalable environment; offers huge returns in efficiency,accuracy and security.

According to CyberLogitec,the company aims to set the highest standards of innovation and excellence in the logistics ecosystem. It is hoped that as the logistics industry players adopt blockchain technology,the full potential of blockchain will be realized,and global trade will be boosted.

CyberLogitec carried out the strategic investment in OPUS9 to maximize the business synergy. OPUS9 was launched in 2017,and the market is expecting an explosion in demand for such services from 2019 onwards. FREIGHT9 is set to open its Singapore office in first quarter of 2019,and is set to redefine freight trading platforms.

For more information,visit www.cyberlogitec.com and www.opus9.com.

About CyberLogitec

CyberLogitec provides future-proof logistics software solutions for the maritime and logistics industry. With a deep understanding of the trends and challenges facing the shipping,terminals and logistics industries,the innovation team helps customers maximize productivity and profitability. Applying smart technologies and integrated IT solutions ensures customer needs are met and improvements to the bottom line are quickly achieved. With unparalleled expertise in intelligent design,big data and Internet of Things,CyberLogitec continues to lead the way inglobal IT standardswhile adding value to the customers'business.

http://www.cyberlogitec.com

About Damon Corp.

Technology company Damon Corp. was founded in 2011 and headquartered in South Korea. Damon Corp. developed blockchain based payment platform suitable for B2B. The partnership between Damon Corp.'s core blockchain technology and CyberLogitec's technology in solutions which has already proven to be competitive,it is expected to have one-step ahead competitive power among the competition with other major companies.

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