Namely, the consortium will explore the use of new technology to better trace dangerous goods cargo, as well as digital audit trails to lead to further transparency and accountability in tracking dangerous goods and reduce incidents.
More specifically, the consortium will establish a prototype to analyze the possibility for distributed ledger technology (DLT) to address the challenges that stakeholders face in the supply chain.
It will be funded by the Lloyd’s Register Foundation (LRF), and will take place in collaboration with Rainmaking. Among its members will be:
- Copenhagen Malmö Ports (CMP);
- X-Press Feeders;
The demonstrator project will take place until September 2019.
According to the Cargo Incident Notification System (CINS), almost 25% of all serious incidents on container ships were attributed to misdeclared cargo. In addition, around 5-10% of an average container ship’s cargo is declared as dangerous, with 12% of global container trade consisting of dangerous goods.