Netherlands’ largest port, and possibly Europe’s, has recently signed in partnership with CargoLedger, a Dutch blockchain startup, to integrate blockchain technology to the port’s cargo tracking system.
The merger will make use of a blockchain system which will process and record information from labeled shiploads, and scanned by receivers in the ports, so as to assess the cargo’s conditions, such as its humidity and temperature.
This is a significant development in the country’s famed ports since others are also beginning to upgrade their ports’ technology through blockchain integration. Recently, Deutsche Bahn partnered with VeChain in making a decentralized application (DApp) for its global transport and logistics division. Also, Abu Dhabi Ports created its own Silsal to ease the ports’ logistics and shipping transactions.
In May, Chris Rubio, UPS’ Vice President for Global Customs Brokerage proposed for the creation of a global shipment tracking system using blockchain which, in his opinion, would greatly help to ‘reduce frictions’ in supply chains and add more ‘integrity, transparency, interoperability, and security’ on an international level, benefiting not just the larger companies, but also the middle and the smaller ones.
These all echo of what was said in January by prominent members of the said industry, claiming that blockchain technology is a “matchless solution” for upgrading the overall logistics systems from around the world.