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Recently contacted by OdailyParcelXIt is a cross-border parcel distribution service provider transitioning from the Internet to blockchain technology. Lianchuang and President Yang Mingyi started his business in the field of cross-border e-commerce in 2000. its co-foundedE-CommerceIn the past 2 years and domesticYunda Express,Japan'sSagawa Express (SAGAWA),KoreanKorea Express (CJ Logistics)Reached a cooperation to provide these logistics giants with Internet technical support including data synchronization and cross-border tracking, and built warehouses and parcel networks in China, Japan and South Korea.

Yang Mingyi found that only online cross-border parcel distribution data still cannot solve the trust problem among responsible companies in different segments, and the weighing and other links still involve a lot of repetitive work. In addition, the team spent a lot of time and energy on large express delivery companies in BD countries in the early stage of the business, and it lacks replicability to enter new markets (such as Australia).

Therefore, the team established the blockchain project ParcelX in Singapore in March this year, hoping toCombining the immutable characteristics of the blockchain and the reputation system, it solves the pain points in the traditional cross-border parcel delivery service. In the future, it will formulate relevant standards and use the token economy to promote the "cross-border parcel airbnb model" where "everyone can receive orders and deliver". "。

At the technical level, ParcelX's main chain (in cooperation with Metaverse) is responsible for the digital identity authentication of all participants and the transfer and settlement of the official token (GPX). Self-developed) provide matching services to suppliers through interfaces. The platform system is mainly open to e-commerce merchants, suppliers (including transporters, agents, etc.) and end customers. In this way, all partners can view trusted on-chain logistics data on the front end.

Another pain point in the cross-border parcel industry is "difficulty in payment". Yang Mingyi said that buyers, e-commerce and other C-end and "small B" users need to exchange GPX to pay for express delivery, but considering the financial and system operating habits of large logistics companies such as Yunda, ParcelX does not force "big B" Customers use tokens for settlement, leaving the supplier with two options: exchange back to legal currency, or keep GPX.

It is understood that ParcelX will also launch a "Blockchain Parcel Service Experience Plan" next month to encourage small and medium-sized enterprises to join the ecology first, enjoy the "early dividends", and also promote the scale of their own business.

In terms of business model, ParcelX abandoned the common commission model in the industry, hoping to realize revenue through token value-added. Yang Mingyi believes that a constant total amount, binding entity scenarios, and increasing number of participants are prerequisites for token appreciation; the team will also use technical means to mark and separate GPX in business scenarios and transaction scenarios, so that GPX in business scenarios GPX remains relatively stable.

According to reports, ParcelX has received approximately US$6 million in private equity financing led by Metaverse in May this year.

The team currently has nearly 20 people, focusing on system research and development, as well as the combination of original business and blockchain technology. Lianchuang and CEO Guo Shunri, a doctor of industrial engineering from Mississippi State University, a serial entrepreneur, once founded Microsoft China Research and Development Center and Yuntu.com, 20 years of experience in large-scale professional software development, big data applications, and cross-border e-commerce. Lianchuang and President Yang Mingyi, Bachelor of Business Administration, University of Tokyo, Japan, serial entrepreneur, once founded Sino-Japanese cross-border e-commerce UCJ, credit card financial services and database marketing companies Shanghai Liandu Industry, Weiyao e-commerce, more than 10 years of finance Experience in big data and cross-border e-commerce logistics. COO Kawai Hiroyuki, Bachelor of Electronic Engineering, Kobe University, Japan, director and general manager of Internet company Crayfish, cross-border e-commerce platform UCJ Lianchuang, director of E-Store, director of Internet investment company NGI.

From an industry perspective, cross-border e-commerce logistics is a 100-billion-level growth market.Federal Express (FedEx), UPS and other giants have joinedBlockchain in Transport Alliance (BiTA, Blockchain in Transport Alliance), Ali, Jingdong and other e-commerce platforms are also actively exploring the application of blockchain technology in the field of logistics and transportation. The research and development costs of large-scale network systems are high, and the opportunities for start-up companies are small.The obvious advantage of ParcelX lies in its "hot start". It has accumulated business cases in the early stage, and the logistics giants cooperating in various regions have mature hardware facilities and network systems. ParcelX only needs to do a good job in data sharing of the blockchain version and continue to expand cooperation Size and number of packages.Of course, the project is still relatively "young", and the "airbnb model" planned for its second phase still needs a more rigorous token economic model design.