Integrity in business is a critical ingredient for long-term, sustainable growth, and success.
Eugenio Ynion Jr., a self-made multi-billionaire founder and CEO of Shiptek Solutions—the developer of the home-grown end-to-end logistics orchestration solution, XLOG, is leveraging technology and blockchain to provide seamless and more efficient solutions to stakeholders in the industry.
Strategic partners
Shiptek has made inroads in cementing strategic partnerships with some of the leading players in various industries, both domestic and global.
Among its partners in the Philippines is the UnionBank of the Philippines, one of the most prominent bankers in the country and is also the most aggressive in digital initiatives, particularly in the fintech and blockchain spaces.
A critical collaboration between UBP and XLOG is the launch of the Philippines’ first blockchain-enabled supply chain financing embedded in a logistics platform. The deal enables stakeholders in the logistics industry to access end-to-end logistics technology for operational efficiency, real-time monitoring, online documentation, and flexible payment arrangements on the blockchain.
In the third quarter of 2021, XLOG on-boarded Cebu-based Gothong Southern Shipping Lines to leverage its capabilities to expand GSS’ portfolio and ensure excellence in operational efficiency. The long-term impact of the partnership can be immense, as XLOG provides a single platform for its services.
CMA CGM deal
But its most significant relationship was forged with French shipping and logistics giant CMA CGM (Compagnie Maritime d’Affrètement and Compagnie Générale Maritime) that allows shippers and forwarders access to CMA’s global services while having access to other transport services on XLOG—creating a perfect synergy between the two platforms.
Something personal
On a personal note, Ynion’s most significant contribution to his community and the country is his ambition to transform a once decrepit center and image of physical and moral decay in San Pedro, Laguna, into a symbol of life and hope.
His vision could lay the foundation to transform his quiet corner as the country’s digital hub in the Philippines and the country a fulcrum of innovation and ideas in the Asian region.
But Ynion has a far more extensive plan for Barangay San Antonio. He wants the transformation of the village to play a critical role in harnessing the varying effects of digitization by bringing the Philippines closer to becoming the next innovation hub in the Asian region.
Under UBP’s concept, one of the priorities of the campus will be the development of talent that will fuel its innovation initiatives. The facility will also serve as the bank’s satellite office in the Southern Greater Manila Area.
As for Ynion, the vision is to continually co-develop with more unicorn startups from Israel. It currently employs a thousand to date.
“If they have a sandbox where businesses are allowed to move more freely and experiment (with new products and services), we have a SandHub in San Antonio,” Ynion explained.
“It will be a playground for all innovators all over the Philippines. Here they can meet experts like Dr. Justo A. Ortiz (chairman of UnionBank and certified in blockchain application in the fintech space). We will have regular town hall meetings to be attended by the best and the brightest in the fields of blockchain, data science, artificial intelligence, and fintech,” he boasted.
UBP and Ynion both see the opening of the campus as a preparation for the country’s “fully digital future,” with the anticipated rapid development, this could be a game-changer not only for the country but also for the entire global digital space.