Korean Gov’t Pilots Blockchain for Logistics Innovation in Country’s Largest Port

Two South Korean government ministries have launched a blockchain pilot for port logistics innovation, according to a press release from the country’s Ministry of Science, ICT and Future Planning (MSIT), published Dec. 18. MSIT, together with the Ministry of Oceans and Fisheries, are reportedly testing whether the technology can make Korea’s container shipping industry more efficient. As the press release outlines, the pilot will run over a period of one year in the Port of Busan, the country’s largest port, and the fifth busiest container port worldwide. The initiative aims…

Russia to Get a Blockchain Logistics Platform in 2019

Russia to Get a Blockchain Logistics Platform in 2019 December 1, 2018 by Vladimir Litvinov Denmark’s transport giant Maersk in partnership with IBM plans to launch Russia’s first blockchain logistics platform for international cargo in 2019. The question for now is whether the system, or systems like it, can gain industry-wide adoption.  Also read: Daniel Larimer Spooks, Excites EOS Community with New Token Talk Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Maesrk, IBM Continue Blockchain Logistics Meld The blockchain will be originally launched as a pilot…

U.S. Air Force to Use Blockchain to Manage Logistics, Supply Chain

SIMBA Chain SIMBA Chain, a cloud-based blockchain-as-a-service platform, has been granted a contract to help the U.S. Air Force improve its logistics and supply chain capabilities using blockchain technology. The Air Force has a highly-complex logistics and supply chain network, moving millions of parts around the world. They are exploring how blockchain can help them to better manage logistics and supply chain management activities. SIMBA Chain Blockchain Platform The Air Force will be using SIMBA Chain to securely scale its manufacturing supply chain, following a call put out earlier this…

Indian Govt. Think Tank, Oracle Aim for Blockchain Drug Logistics

Indian Govt. Think Tank, Oracle Aim for Blockchain Drug Logistics September 29, 2018 by Akshay Makadiya Indian government think tank NITI Aayog has officially signed a partnership with info-tech heavyweight Oracle and others to pilot a blockchain-powered pharmaceutical logistics system aimed at combating the growing spread of counterfeit drugs. Also see: Wealth Manager App B21 Secures Enterprise Account at OKCoin Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Weeding Out the Counterfeit Drugs The National Institute of Transforming India (NITI Aayog) and Oracle India have inked an…

FedEx Joins Hyperledger Blockchain Hub, ‘Big Implications’ for Logistics

American courier delivery services giant FedEx has joined Hyperledger, an open-source project established to improve cross-industry blockchain technologies, according to a press release published September 26. Hyperledger, which is hosted by the Linux Foundation, enables organizations to build blockchain-based industry-grade applications, platforms and hardware systems in the context of their individual business transactions. In joining Hyperledger, FedEx has become one of over 270 members. Other member companies include IBM, Intel, Deutsche Boerse, and J.P. Morgan. Kevin Humphries, Senior Vice President, IT, FedEx Services said that blockchain technology has “big implications”…

Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

UK’s leading port operator, Associated British Ports (ABP), has signed an agreement with digital logistics enabler Marine Transport International to develop blockchain use for port logistics, Dry Bulk magazine reports Wednesday, September 19. Under the agreement with Marine Transport International, ABP — which operates in 21 ports and carries out 25 percent of the cargo shipments in Great Britain — will take part in pilot shipments using blockchain technology. According to Dry Bulk, each party in ABP’s supply chain lacks connection with others, as port operators, carriers, and shippers use…

110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages throughout an international supply chain that may include multiple carriers. The patent application, which UPS originally filed on Feb. 16, explains that while shipping logistics providers have become quite adept at optimizing package routing to…

Consulting Giant Accenture’s New Patent Reveals Plans for Blockchain Logistics Innovation

Consulting giant Accenture has plans to use blockchain to upgrade its logistics network, a patent application published July 26 reveals. According to the document published by the U.S. Patent and Trademark Office (USPTO), the corporation wants to follow in the footsteps of various major players in leveraging blockchain to secure, speed up and increase the efficiency of logistics movements. “A device may receive an indication that a product has arrived at a destination. The product may have been shipped by an entity to the destination,” the patent’s abstract begins, elaborating:…

Major Korean Logistics Firm Lotte Joins Blockchain in Transport Alliance

South Korea’s Lotte Global Logistics, a major Seoul-headquartered logistics and shipping firm, has joined the Blockchain in Transport Alliance (BiTA), FreightWaves reported Monday, July 9. The BiTA trade association was formed in 2017 to popularize and develop blockchain applications in the transport and logistics industries, as well as to establish industry standards for adoption of the technology. The alliance uses OriginTrail, a purpose-built protocol for supply chains based on blockchain, and counts around 400 participants as members. Lotte Global, for its part, is a full-service logistics provider, overseeing warehouse management,…

Active Blockchain Projects in Use? Logistics is Overtaking Finance

Many predicted that finance would be among the first innovators in blockchain. Harvard Business Review concluded that education about blockchain is no longer lacking in finance as it is in industries like manufacturing, predicting we’ll see finance projects finished first. Part of that statement is true. Manufacturing has indeed fallen behind in understanding blockchain, but they’re much faster to move when they start. For example, the executive team of Saint-Gobain, a manufacturing giant located in 67 countries, recently met with consultants from BlockchainDriven during an Innovation session to learn more…