Distributed Technologies in the Logistics Sector: Benefits, Real-life Use Cases, and Pitfalls

Logistics and blockchain can be combined to make great improvements in the logistics field. Both carrier and receiver can get a lot of benefits from this synergy. This post explains what advantages does blockchain bring to logistics and how it can be implemented into the niche. Advantage of blockchain in logistics Before the goods get into end-users’ hands, they travel long distances and pass through a number of employees. A complicated route makes it hard for companies to ensure transparency in all processes and track all manipulations with the cargo.…

Logistics system provider will connect Dutch ports via blockchain

Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens. Together, they will handle operations and core processes for ports in Amsterdam and Rotterdam. According to the announcement, both Portbase and TradeLens expect to create a global ecosystem of carriers, ports, and terminals through a digital port infrastructure management system. Going forward, these upgrades will be powered by TradeLens’ blockchain infrastructure. Iwan van der Wolf, managing director of Portbase, explained how Blockchain is being used to more effectively organize the company’s operations:…

Commerzbank Makes Milestone Blockchain Trade With Logistics Provider

Commerzbank and Landesbank Baden-Württemberg (LBBW) have completed another milestone trade on the Marco Polo platform. As reported Aug. 15, on this occasion, logistics provider Logwin AG was integrated into the digital process chain, digitally and in real time. Same same but different As with an earlier transaction, the trade took place between German supplier, KSB, and Taiwanese mechanical engineering group, Voith. Another shipment of special hydraulic couplings was delivered using blockchain technology via the Marco Polo trade finance network. However, for the first time ever this transaction included the integration…

EY Spearheads Blockchain Tracking Platform for German Logistics Firms

German logistics firms partner to jointly create a blockchain tracking platform, local news outlet Tiroler Tageszeitung reports on July 16. Per the report, logistics firms LKW Walter, GS1 Austria, and its EDITEL Austria subsidiary, Bundesvereinigung Logistik Österreich, Deutsche Bahn subsidiary DB Schenker, and WU Vienna are participating in the project. Furthermore, big four auditing firm Ernst & Young (EY) is managing the initiative. The system will reportedly see freight documents being digitized on the blockchain with the aim of reducing costs and resource consumption while ensuring higher transparency standards, and…

Logistics Firm Panalpina Launches Blockchain Pilots in Its Supply Chain

Swiss forwarding and logistics services company Panalpina has started blockchain pilot projects aimed at optimizing of supply chains, according to a press release on June 11. After joining the Blockchain in Transport Alliance (BiTA) in May, Panalpina — one of the world’s largest transport and logistics companies, with consolidated profit of $76.3 million in 2018 — has launched two blockchain pilots in the air and ocean freight field with selected customers. One of the projects will investigate blockchain applications in high-tech industrial goods, and the other will deal with office…

Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Reshaping a Nation’s Logistics Sector: Singaporean Blockchain Company PLMP Cuts Multimillion Dollar Deal With Indonesia

About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Domino’s Pizza Malaysia & Singapore to Integrate DLT-Based AI for Logistics

The Singapore and Malaysia division of Domino’s Pizza has partnered with SingularityNET to implement its blockchain-powered artificial intelligence (AI) technology, the Domino’s division confirmed to Cointelegraph on May 2. Within the new partnership, SingularityNET will incorporate AI algorithms and solutions in Domino’s operations to improve its supply chain processes and logistics in Malaysia and Singapore, a SingularityNET press release shared with Cointelegraph notes. According to the announcement, the strategic partnership aims to improve the food industry giant’s business operations by conducting feasibility studies, running AI-focused workshops and developing new algorithms…

World Economic Forum Teams Up With 100 Logistics Firms, 20 Gov’ts in New DLT Project

The World Economic Forum (WEF) has teamed up with over 100 global supply chain and logistics leaders to standardize blockchain apps in the industry, the organization announced on May 1. The WEF, a Switzerland-based organization whose motto is commitment to “improving the state of the world,” has announced a new project called “Redesigning Trust: Blockchain for Supply Chains.” The project aims to form a broad multi-stakeholder community to co-develop interoperable blockchain applications in the logistics industry and to leverage an open-source toolkit to deploy blockchain responsibly, eliminating the hype around…

France’s Main Trade Seaport Joins Blockchain Pilot for Freight Logistics: Report

The main trade seaport of France, Marseille Fos Port, will participate in a blockchain pilot for freight logistics in June 2019, local industry news outlet PortSEurope reports on March 6. The project aims to use blockchain technology for supply chain logistics and intermodal freight forwarding on the Mediterranean-Rhône-Saône axis (MeRS) transport corridor. According to the report, the blockchain initiative is supported French authority, the Interministerial Delegation for the development of the port and logistics for MeRS. The project is also reportedly backed and supported financially by the French public sector…