Portbase, the Dutch logistics solutions provider, and TradeLens expect to create a global ecosystem of carriers, ports, and terminals through a digital port infrastructure management system. It has been reported that Portbase has successfully completed the first phase of its integration with blockchain-based platform TradeLens, as together, they will handle operations and core processes for ports in Amsterdam and Rotterdam. However, by going forward, these upgrades will be po
Shipping is the lifeblood of the global economy. Without shipping, intercontinental trade, the bulk transport of raw materials, and the import/export of affordable food and manufactured goods would simply not be possible. There are over 50,000 merchant ships trading internationally, transporting every kind of cargo. The world fleet is registered in over 150 nations and manned by over a million seafarers of virtually every nationality.
Ships are technically sophisticated, hig
The Port of Rotterdam, the Netherlands-based shipping giant, has launched a blockchain pilot with some of the world’s leading shipping companies to improve the safety and efficiency of millions of containers that are unloaded in the port every year. On July 9, it has been reported that the new blockchain application Secure Container Release is reportedly to replace the traditional PIN code with a digital signal. According to the port, the current PIN code system requires manu
India’s maritime industry is looking to utilize the CargoX platform for Blockchain Document Transfer (BDT). On June 11 World Cargo News reported that CargoX has integrated its BDT into the Indian Port Community System (PCS), a subsidiary of the Indian Ports Association. It is aimed at digitizing India’s maritime infrastructure. India is digitalizing their trade documentation workflows – the maker of their Port Community System, @Portall_Info, has partnered with CargoX for Blo
300 cubits, a pioneer in using blockchain for international shipping has given up on its TEU token, due to lack of business. On Sept 30th, 300 cubits released a statement stating: “The transaction volume through the system have been far from commercial. Only a couple hundred containers have gone through the system, which, although may seems plenty among the shipping blockchain projects, is not sufficient to keep the system going commercially.” In early 2018, TEU was issued in
Blockchain shipping startup 300cubits has suspended the operations of its booking module and the circulation of its TEU token. On September 30, it has been reported by The Maritime Executive, an industry news outlet that the Hong Kong-based company is believed to be one of the first firms to apply blockchain technologies in shipping. Low transaction volume As per the report, 300cubits’ system started accepting trial shipments in March 2018 and was launched into live productio