||Netherlands : ABN AMRO, Samsung SDS and the Port of Rotterdam Authority are launching a container logistics blockchain pilot.
||There is still a lot of space in the logistics sector to use digitisation to achieve more transparency and, particularly, more efficiency. In this context, ABN AMRO, the Port of Rotterdam Authority and Samsung SDS, the logistics and IT arm of Samsung, have joined forces to launch a pilot based on block chain technology. The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains. The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online.
Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits, explained Paul Smits, the Port of Rotterdam Authoritys Chief Financial Officer. This results in inefficiency as many parties are involved and everything is organised via paper documentation. For instance, an average 28 parties are involved in container transport from China to Rotterdam. 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 (link is external), which was established by the Port of Rotterdam Authority.
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