Rotterdam Port, Partners Launch Container Logistics Blockchain Pilot

ContainersIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

ABN AMRO, the Port of Rotterdam Authority and Samsung SDS, the logistics and IT arm of Samsung, have joined forces to launch a container logistics pilot based on blockchain technology.

The parties informed that their goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.

“Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits,” explained Paul Smits, the Port of Rotterdam Authority’s Chief Financial Officer.

“This results in inefficiency as many parties are involved and everything is organised via paper documentation… The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online.”

The development of the pilot was assigned to BlockLab, which was established by the Port of Rotterdam Authority.

The pilot involves the multi-modal transport of a container from a factory in Asia to a location in the Netherlands. In the first instance, the pilot will be implemented by the three parties, but the cooperative network will then become open for other parties to join. The pilot starts in January next year, and the results will be announced in February 2019.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >