Associated British Ports (ABP), the UK’s leading port operator, has signed a Memorandum of Understanding (MoU) with digital logistics firm Marine Transport International (MTI). The plan is to create a detailed pilot to assess the potential of blockchain technology to improve port connectivity.
ABP operates 21 ports across the UK and handles 25% of British seaborne cargo. Accordingly, it deals with a number of ports and logistics firms across the globe and moving cargo through ports swiftly and smoothly is central to its business.
MTI wishes to change the current shipping operation where each supply chain player – shippers, hauliers, port operators, carriers – uses their own system. Crucially these systems do not communicate with one another forcing stake holders to continually re-enter data at each stage of the supply chain.
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