India’s largest e-commerce firm mjunction has partnered with blockchain shipping firm Shipnext.

Mjunction services ltd is a joint venture of two Indian steel giants – the Steel Authority of India (SAIL) and Tata Steel. Mjunction is reportedly India’s largest e-commerce firm, in addition to operating the world’s largest electronic marketplace for steel. The company has also moved into business spheres such as e-finance, e-retail and other services.

According to Sea News, shipowners or ship operators who wish to participate in the transportation of cargo by major Indian shipment providers such as Tata Steel and Indian Steel Bord can register on the Shipnext platform. Within the agreement, Shipnext will manage Know Your Customer (KYC) procedures of shippers.