Mexico’s Tecnológico de Monterrey, a private university, has
announced a partnership with Grupo CICE and Hutchison Ports Mexico to run a blockchain pilot in the Port of Veracruz. It is one of the largest ports in Mexico with nearly
a million containers handled during 2016.
Blockchain has been adopted by several ports across the world to increase transparency and efficiency of operations. Use of distributed ledger technology (DLT) for port operations in Mexico may help to deal with growth. In Mexico, imports have risen by 5.9 % in the first six months of 2019. That’s up on the 2018 growth of 3.4 %, according to figures from the Secretariat of Communications and Transportation.
The university will support the blockchain initiative at Veracruz port by providing researchers and consultants. “Tecnológico de Monterrey’s national digital transformation initiative seeks to involve industry and academia in designing solutions to the challenges of the new digital economy, thereby transmitting value to society through its faculty, students and alumni,” said Dr Igor Rivera, director of the Master in Finance at EGADE Business School and leader of the project.
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