Kuehne + Nagel deploys blockchain technology for portal

CIO says customers “benefit from a tamperproof solution for information exchange.”    Kuehne + Nagel has leveraged blockchain technology in a large-scale operational environment with 800,000 transactions per month through its VGM Portal. 
   “The enhanced solution provides shippers with new features that improve the ease of doing business as well as the degree of transparency on the VGM status of all customer shipments,” the company said. “All information submitted via the portal is stored on chain, which allows for using native blockchain interfaces for data exchange with third parties, removing the need for additional off-chain communication channels.”
   Martin Kolbe, Kuehne + Nagel International AG chief information officer, said, “The list of promises related to the use of blockchain in the logistics industry is long, but actual real-world applications are hard to find. The Kuehne + Nagel VGM Portal solution jointly developed by our seafreight experts and our IT team allows us to get a true hands-on experience with blockchain technology in an on-premise production environment and with a high number of transactions. 
   “Our customers benefit from a tamperproof solution for information exchange with third parties with improved efficiency and higher transparency,” Kolbe said.