Last year Dutch bank ABN AMRO collaborated with the Port of Rotterdam and Samsung SDS on a blockchain trade initiative,
DELIVER. Today, the group
announced they have successfully tracked and instantly financed a shipping container and the Proof of Concept (PoC) phase is complete. The entire journey was paperless and automated thanks to the distributed ledger technology (DLT) based solution.
Bills of lading, for instance, are documents which must be presented to unload the goods from the ship. Conventionally couriered by hand and subject to manual verification checks, delays of days at a time can be typical. Using blockchain to store and verify these documents is hence a current
hot topic in the space.
Today’s announcement reveals that the delays could be a thing of the past. DELIVER, the blockchain logistics platform built for interoperability between
Samsung’s Nexledger, Hyperledger Fabric, and Ethereum, made its first complete trial. The group sees this interoperability as a unique feature of DELIVER. The next phase will be a series of pilots where “the ultimate objective is to reach an open, independent and global platform that operates from the perspective of shippers.”
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