Yesterday, airline Cathay Pacific
announced that it will use blockchain technology to manage freight containers. The company hopes to implement a system which tracks them in real-time and stores transactions, increasing efficiency and replacing conventional paper-based documents.
The Honk Kong firm will be the first airline to implement a blockchain for cargo. Yesterday’s announcement comes after last year’s successful pilot, which tested out tracking air-shipped freight on a mobile app.
Cathay Pacific will manage its ULDs (unit load devices for containing air cargo) by storing movements and transactions on a blockchain. The firm provides ULDs for general cargo, passenger luggage on commercial planes, transporting cars, and even refrigerated containers for perishables.
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