Seventeen tonnes of almonds have successfully been shipped and tracked from Sunraysia in Victoria, Australia, to Hamburg in Germany in a blockchain-based collaboration between Commonwealth Bank and five Australian and international supply chain leaders.
As part of the experiment, CBA collaborated with global agriculture player Olam Orchards Australia Pty Ltd, Pacific National for rail haulage, port landlord Port of Melbourne, stevedore Patrick Terminals and shipping carrier OOCL Limited. Hardware and software support was provided by Australian IoT provider LX Group to ship the almonds from Mildura to the global hub of Hamburg.
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The shipment was made via a blockchain platform which uses distributed ledger technology, smart contracts and the internet of things (IoT) to facilitate the trade experiment, and track the shipment.
Partners tracked the location of the shipment and its conditions, such as temperature and humidity inside the container, via four IoT devices.
At the documentation layer, the blockchain-enabled supply chain allows partners to upload and access key documents, such as bill of lading, certificates of origin and other documents required by customs, which streamlined these processes.
