Global tech firm, LogChain, is moving its Singapore head office to Liverpool.
The company said that it would create jobs and invest up to £4m in the region over the next 3 years.
LogChain uses legally recognised secure digital documentation to replace paper-heavy shipping processes, which it says speeds up shipments, cuts costs and builds more efficient supply chains.
It helped deliver the world’s first fully digitalised goods shipment in 2023 with a ship making its way from Burnley to Singapore processed without any physical customs documents.
“The UK’s long-standing leadership in global trade is now reinforced by the legal foundations needed for the next era of digital commerce,” explained LogChain CEO, Andie McKeown.
“LogChain has already executed the world’s first fully digitalised movement of goods, and by relocating our global headquarters to the UK we’re committing to scale trusted, interoperable digital trade infrastructure from a market that is setting the benchmark.”
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Business and Trade Secretary Peter Kyle stated:
“LogChain’s decision to set up shop in Liverpool is a clear vote of confidence in the UK and the North West as we build the most innovative trading environment in the world.
“This move strengthens our tech ecosystem, boosts future exports, and shows the UK is the place to be for cutting edge digital trade.”
According to the government, its recent trade digitalisation pilot between the UK, Singapore, and Thailand cut shipping times by up to 40% and brought productivity increases of up to 67%.
“Moves like this help bring good jobs to the region and strengthen our links with the rest of the world,” added Steve Rotheram, Mayor of the Liverpool City Region.
