Indonesia’s PLMP Fintech firm will soon engage in a multi-million logistic project. It will make use of the firm’s native blockchain protocol. The firm is teaming up with the Department of Trade of Indonesia. This partnership plans to rejuvenate the condition of the country’s shipping industry. The information about the project comes from a press release.

The project will start the improvisation with the Riau Province that works on one of the world’s crowded lanes. A new memorandum of understanding (MoU) has been signed between Indonesia’s PLMP Fintech firm and other related entities of Batam for the project. This includes the Indonesian firm Central Distribusi Batam and Agency for Free Trade Zone and the Port of Batam.

The pilot phase will witness the execution of PLMP’s blockchain protocol Creatanium. This implementation will improvise the transmission between buyers and sellers of agricultural products. Clayton Ong, the firm’s Country manager says that such transparency in trading and pricing will benefit both the groups.

The co-founder of PLMP Fintech, Kym Kee says that this project will offer a higher level of time and cost efficiencies by giving instant updates of moving goods.