Cross-border package delivery systems are an important tool of trade. People all over the world rely on these systems to move various goods from one place to another, locally and across borders.

In China alone, cross-border transactions are estimated to reach $1.32 trillion in 2018. As the amount of cross-border trade grows, it is important that the courier industry is able to grow with it. However, the current methods being employed by courier companies are outdated, hampering the industry’s ability to keep up.

As it stands, each different courier service runs on its own independent system meaning that there is no universal communication method between them. This can result in miscommunication as packages end up being delayed or go missing, which is incredibly frustrating for the buyer. This use of independent systems also results in a lack of trust: if a courier is unable to trust a section of its chain, it will need to reweigh and relabel a package when it arrives at a new destination. This adds to the cost of shipping a package which is then passed on to the customer.

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Kenny Au

Kenny Au is the co-founder of LUXSENS. He writes about AI, blockchain, security, and sustainability. Kenny thinks about ways to build awareness, self-governance, and collective consciousness.