India’s Adani Ports Signs Up With Blockchain Shipping Platform TradeLens
India’s Adani Ports Signs Up With Blockchain Shipping Platform TradeLens
May 27, 2020
India’s Adani Ports Signs Up With Blockchain Shipping Platform TradeLens
India’s Adani Ports Signs Up With Blockchain Shipping Platform TradeLens
May 27, 2020

Adani Ports and Special Economic Zone Limited (APSEZ), the largest multi-port operator of India has partnered with the blockchain-based supply chain solution platform TradeLens.

APSEZ plans to integrate TradeLens’s blockchain solutions across 10 of its major courier management facilities across ports in six Indian states:

  • Gujarat (4 ports in gujarat itself.)
  • Odisha
  • Tamil Nadu
  • Goa
  • Chennai
  • Andhra Pradesh
  • Kerala

According to Business Line, APSEZ’s move to digitize its supply chains comes as an effort to reduce the impact of vulnerabilities of the traditional current supply chain system.

The ongoing Covid-19 pandemic exposed the drawbacks of the present supply chain that heavily relies on paperwork and manual processes.

The report quoted an unnamed logistics industry official saying:

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“During the pandemic, we realized the price of not digitizing the industry. There will be a mindset change now and more firms will adopt the technology.”

TradeLens is expected to help APSEZ make information sharing more time and cost-efficient, transparent, and secure. 

study by QBIS Consulting on Total Transport and Logistics Costs (TTLC) estimated that digitizing supply chain workflow can save importers of a single major port up to $220 million annually.

Exporters too could save around $40 million each year. The nationwide saving could scale to as much as $860 million.


Source: Cointelegraph | Image: Unsplash

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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.
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