South Korean shipping company Hyundai Merchant Marine has started cooperation with California-based software company Oracle, to move its data to a cloud-based system. The company revealed intentions to find a technology partner for this purpose since early 2018 and is expected to move all of its data by 2020.
This is expected to help the company to store most of the data it has collected from all of its operations around the globe, while it consists a safer and more efficient means of managing data than operating servers.
As informed, the partners are currently designing a cloud-based infrastructure where physical servers will still be used, but only to store the minimum level of data needed at the Seoul office, according to local media reports.
In addition, the two parties will reportedly cooperate on Internet of Things and blockchain technology for the maritime, which consists a global trend for transport and logistics companies worldwide, as it enables the tracking of cargoes in real-time by the whole supply chain.
In early January, HMM completed its analysis of blockchain technology adopted in shipping and logistics that began in August, along with Samsung SDS and other members of shipping and logistics blockchain consortium. Samsung SDS has earlier commented:
The blockchain technology adopted in shipping and logistics industry has prevented alteration and forgery of import/export documents and it also minimized the issuance of paper documents, simplifying the document issuance process.
HMM also announced plans to specify the plan for adopting blockchain technology in shipping based on the assessment result of the shipping and logistics blockchain consortium. It also plans to request to various research organizations and the government bodies for further legal revision and support for adopting the blockchain technology into shipping and logistics.