Pacific International Lines, PSA International and IBM Singapore signed a MOU in August 2017 to collaborate on blockchain-based supply chain business network innovations and have now tested this blockchain-based supply chain platform.
The companies worked on a Proof Of Concept (POC) exercise, built on IBM Blockchain Platform, applying and then testing a blockchain-based supply chain platform to track and trace cargo movement from Chongqing to Singapore through the Southern Transport Corridor.
The trial achieved the following objectives:
- Transparent and trustworthy execution of multimodal logistics capacity booking.
- Regulatory-compliant execution of multimodal logistics capacity booking process.
- Real-time track and trace.
- Permissioned access control for ecosystem participants.
The partners believe that the concept can be taken to the next stage. The scope of the POC will be increased and the partners want to engage more participants from the different nodes of the distribution network that form the supply chain logistics ecosystem.
