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Digital Auction Marketplace

Facilitate purchasing of unclaimed port merchandise through an online auctioning platform. The Digital Auction Marketplace helps streamline the auction process by reducing operational costs of warehousing and potential wastage of lost and found merchandise.

Tags:

digital auction marketplace

Key benefits

Reduced Operating Costs

Reduced Operating Costs

With a wider audience reach, ports can benefit from accelerated unclaimed items disposal, minimizing associated warehousing costs.

User Journey

1

Container ship arrives at the port with inbound cargo
2

Shipments are left at the port unclaimed passed the legal deadlines
3

Government officials post the merchandise online for auctioning
4

Interested buyers bid for the merchandise online
5

Highest bidder claims the merchandise

Potential Service Features

Live Bids
Electronic Payments
Social Media Integration for Marketing and Communication

Membership Subscription

Implementation Analysis

Implementation Timeline

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Short
Medium
High

Regulatory Conduciveness

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Favorable
Challenged
Complex

Technology Commercial Viability

progress 20%

Currently Viable
Viable in Short Term
Viable in Long Term

Investment Requirements

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Low
Medium
High

Key Implementation Consideration

1

Policies for port unclaimed merchandise

2

Criteria and procedures for enrollment eligibility

3

Goods insurance coverage and liability

Conceptual Diagram

diagram

Relevant Tech Solutions

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