The Port Authority of Algeciras (La Autoridad Portuaria de la Bahia de Algeciras, APBA) has signed a co-operation agreement with IBM to participate in the TradeLens platform, a blockchain-enabled shipping solution, that was jointly developed by IBM and Maersk in order to improve transparency and visibility along the supply chain. The port’s press service informs […]
Tag: blockchain
Top terminal operators and carriers join for digital transformation of global shipping
Nine leading ocean carriers and terminal operators signed a Declaration of Intent to form a consortium aimed at developing the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. The signing ceremony took placeat the China International Import Expo inShanghai on 6 November 2018. The participants include shipping lines CMA […]
Abu Dhabi Ports to trial its blockchain solution for international trade
Abu Dhabi Ports and its subsidiary Maqta Gateway LLC have started implementing the first international blockchain project in partnership with the Port of Antwerp, Belgium. This has been announced at GITEX Technology Week that is going on now in Dubai, informs Thomson Reuters’ Middle East edition Zawya. Maqta Gateway became the first local entity in […]
Blockchain-based shipment successfully completed
A shipment of 17 tonnes of almonds has successfully arrived to Hamburg from Sunraysia in Victoria, Australia, as a result of a blockchain-enabled logistics experiment promoted by Commonwealth Bank of Australia (CBA). In the experiment, the world’s second largest almonds producer Olam Orchards Australia Pty Ltd and CBA joined forces with Pacific National for rail haulage, […]
Brisbane launches a logistics blockchain solution
The Port of Brisbane joins the global major ports in the current trend of implementing blockchain-based solutions to connect supply chain participants, with the view to increase international trade efficiency. The new tool, called “Trade Community System” was developed in collaboration by PwC Australia, the Australian Chamber of Commerce and Industry (ACCI) and the Port […]
Philadelphia terminal operator to use Maersk-IBM blockchain solution
Holt Logistics has become the first independent port operator in the northeastern United States to adopt the global trade platform based on the blockchain technology developed by Maersk and IBM, informs Port Technology. The solution was launched last year and aims to provide transparency and promote the sharing of information between all players of a […]
Blockshipping ICO: Innovative financing instruments come to shipping
Blockshipping, the Danish start-up aiming to develop the world’s first blockchain-based container registry, announced the start of its ICO (initial coin offering) on 15 April, 2018. During the ICO period the company plans to sell 40,000,000 Container Crypto Coins (CCC), which will serve as dividend tokens, at USD 0.62. Currently, the company invites all interested […]
First shipping ICO
300cubits, a Hong Kong-based blockchain start-up, has announced that it will begin giving out its cryptocurrency called TEU to a selected group of container shipping lines and freight forwarders as from 1 February 2018. The world’s first crypto tokens of the shipping industry will be distributed for free, on a first come first served basis, […]
Rotterdam joins the blockchain application pursuit
The Municipality of Rotterdam and the Port of Rotterdam Authority jointly launched a field lab for the development of applications and solutions based on blockchain technology – the BlockLab. The BlockLab, serving as a knowledge centre, will develop theoretical ideas, test them and work out into concrete opportunities in a real-world environment. Blockchain is a […]
Maersk to use blockchain in maritime insurance
A.P. Moller-Maersk in collaboration with Microsoft, Ernst & Young and the data security company Guardtime have developed a blockchain-based marine insurance platform, reports Reuters. The product has successfully passed a 20-week proof of concept trial and is to be launched in January 2018, when A.P. Moller-Maersk begins using it for some areas of its business, […]