On Friday the Port of Rotterdam
announced a collaboration with ABN Amro bank and Samsung SDS for a container logistics blockchain pilot. The Port is one of the earliest to get involved in blockchain projects and has a subsidiary BlockLab which will develop the pilot.
Paul Smits, the Port’s CFO believes that shipping logistics should be as simple as retail ecommerce. “Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits”, he explained. “This results in inefficiency as many parties are involved and everything is organised via paper documentation. For instance, an average 28 parties are involved in container transport from China to Rotterdam.”
Rotterdam is participating in multiple blockchain projects including the
IBM/Maersk TradeLens initiative. Likewise, PSA which owns the Singapore Port, has an ownership interest in the
Open Trade Blockchain as well as partnering with Tradelens.
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