The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.
“Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits,” said Paul Smits, the Port of Rotterdam Authority’s chief financial officer. “This results in inefficiency as many parties are involved and everything is organized via paper documentation.
“For instance, an average 28 parties are involved in container transport from China to Rotterdam,” Smits said. “The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online.”
The development of the pilot was assigned to BlockLab, which was established by the Port of Rotterdam Authority.
Daphne de Kluis, ABN AMRO CEO of commercial banking, said, “We will be integrating all these flows in our pilot: from workflow management combined with track and trace to the digitization of paper documentation such as waybills and the financing of handled freight or services.
“The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers,” de Kluis said. “This will make the logistics chain more transparent and efficient, and millions of euros can be saved in the long term.”
Sanghun Lee, president of Samsung SDS EU/CIS, explained, “Blockchain offers all parties in the logistics chain the opportunity to coordinate activities using validated data and without central management. Digitization provides automation, which creates an ultra-efficient logistics chain. What is particularly special about the project is that, for the first time in the rather short history of this technology, we can have different blockchains operating together. This takes place via an overarching ‘notary’ that connects entirely separate blockchains in Korea and the Netherlands.”
The pilot will involve the multimodal transport of a container from a factory in Asia to a location in the Netherlands. In the first instance, the pilot will be implemented by the three parties, but the cooperative network will then become open to other parties to join.
The pilot will start in January, with the results to be announced in February.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now