Kuehne + Nagel is using blockchain in its Verified Gross Mass (VGM) Portal. Since 2016 all containers have to have their mass verified before they can be loaded onto a ship. The VGM Portal processes 800,000 transactions per month. The company stated the benefits for customers are tamper-proof sharing of information which provides improved efficiency and enhanced transparency. Plus they can view the history.
While the blockchain is live, it is currently running in parallel to the centralized database to ensure zero downtime.
Kuehne + Nagel is the number one sea freight forwarding company in the world. And in air freight, they’re number two.
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