Estonian terminal operator HHLA TK Estonia wants to use blockchain platform technology to improve supply chain efficiency. For this reason, it is participating in the TradeLens platform project for the maritime sector. With TradeLens, terminal operators, like HHLA, receive direct communication with transport companies and other customers or partners.
In this article, Constantin von Hirsch, Syndicate Executive, Eastern Syndicate, gives his thought on blockchain. As Mr. von Hirsch explains, blockchain technology could eventually lead to a sea change in the shipping industry. The potential impact of blockchain technology has been described by some commentators as the biggest revolution in shipping since the introduction of the container in the 1950s.
Blockchain-based logistics ShipChain and GTX Corp, a provider of GPS and NFC tracking location-based services, announced a new partnership for a new global NFC blockchain shipment tracking solution, using energy-efficient NFC smart tags. The encrypted data collected from the tags will be uploaded to the ShipChain blockchain backend providing authentication and chain of custody.
Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) Pte. Ltd announced they will join the blockchain-enabled digital shipping platform ‘TradeLens’. This platform is jointly developed by A.P. Moller – Maersk and IBM. Hapag-Lloyd and ONE now join CMA CGM and MSC Mediterranean Shipping Company, both of which recently announced they are joining TradeLens.
The first paperless, instantly financed and fully door-to-door tracked container made its way from Korea to the warehouse of Samsung SDS in Tilburg through the Port of Rotterdam on Blockchain-based platform DELIVER. The Proof of Concept has indicated that DELIVER can support cross-supply chain end-to-end visibility for multi-modal cargo transport via ocean carrier.
Maritime Blockchain Labs has created a consortium, aiming to explore the use of blockchain in order to address the dangers and challenges regarding the declaration and handling of dangerous goods. The consortium will establish a prototype to analyze the possibility for distributed ledger technology to address the challenges that stakeholders face in the supply chain.
Cargo community provider MGI collaborated with Thales to integrate blockchain technology into its Ci5 Cargo Community System, enabling clients act as trusted third parties when key statuses are validated for the release of goods from shipping terminals.
RINA has released a new version of its electronic logbook. This tool is the first to use blockchain technology to provide a traceable record of ship data for shipping companies who want to showcase their commitment to integrity and transparency across all operations.
The International Group of P&I Clubs approved Global Share S.A. edoxOnline platform. edoxOnline provides an electronic paperless system which is supported by a legal framework to facilitate transfer and endorsement of electronic bills of lading, removing the necessity for a paper bill. However, there is scope to revert to paper whenever it is necessary. This is the first approved system to use Blockchain technology.
Saudi Customs, in light of their partnership with TradeLens, experienced the arrival of their first shipment powered by the blockchain technology. The shipment left from the Dammam Port in Saudi Arabia bound for Rotterdam while its data and documents were handled by all parties to the shipment on a national single window, FASAH.
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