A joint endeavor by DP World Australia, DB Schenker, Hamburg Sud, and wine producer IUS has resulted in the successful completion of a 8,100-kilometer trial run of new, military-grade TBSx3 blockchain technology.
Port operator DP World Australia, logistics provider DB Schenker, German shipping company Hamburg Sud and wine producer IUS have successfully completed a comprehensive, joint blockchain trial as of this week.
The technology, dubbed TBSx3, uses military-grade 44 alphanumeric character security cryptography instead of the usual six digit public cryptography, according to DP World Australia.
The TBSx3 was successfully tested on an 8,100-kilometer road and sea supply chain from the Coonawarra region of South Australia to the port of Qingdao in China.
Audit and advisory firm KPMG was acting advisor for the trial and verified the custodial handovers for the integrity of the product while also simulating the customer at the end of the trial by receiving, validating the product and checking if the system could potentially detect duplicates, said DP World Australia.
The TBSx3 construction provides three levels of supply chain security including sophisticated proprietary systems developed by major port and shipping operators, the new TBSx3 security envelope into which the proprietary systems can be integrated and the distributed blockchain ledger, “which is transparent at any time to all partners in the chain and continuously provides live information, particularly during the many custodial changeovers before the product is finally delivered to the consumer,” said DP World Australia.
The partners involved in the trial between Australia and China were necessary to test “every custodial link in global supply chains and also verification protocols for both bulk product and individual items for retailers and consumers at the end of the chain,” said TBSx3’s Chairman Mr. Anthony Bertini.
“In terms of the numbers of partners simultaneously involved and the challenges posed for resolution of integration with multiple existing proprietary security systems we believe this can be developed to become a new security benchmark,” said Bertini.
TBSx3 research teams in Sydney and Beijing monitored the trial progress and custodial changes in order to develop consumer protocols to verify products are genuine throughout the supply chain process.
TBSx3 has been designed to be both “product and system agnostic so that it can have the widest possible application,” said TBSx3 founder and director, Mr.Mark Toohey. “We are confident that it can be integrated with any existing proprietary supply chain security system and used for any kind of product.”
DP World: Joint blockchain trial between Australia and China a success
