On Jan. 8 the Times of Oman reported stating that The Port of Salalah handles a record number of 4 million shipping containers per year.
Blockchain Shipping Platform For Transparency
The port reportedly has joined TradeLens as part of its digital initiative to enhance customer experience while ensuring a global, transparent standard for collaboration with other entities in the supply chain ecosystem.
TradeLens, is powered by IBM’s blockchain technology while enabling multiple trading partners to collaborate. The platform provides a real-time, shared view of shipping transactions and data across a permissioned blockchain network.
This creates transparency and efficient collaboration for all entities involved, including
- shipping lines
- freight forwarders
- port and terminal operators
- inland transportation
- customs authorities
The Times notes that joining the platform provides special purpose ships and its customers the ability to securely provide end-to-end supply chain information, seamless data sharing and new avenues for collaboration. As a result, this will improve trade flows through the port.
Mark Hardiman, the Chief Executive Officer of Port of Salalah explained:
“Adopting and incorporating blockchain technology into all aspects of the supply chain will not only enhance the attractiveness of Salalah for these companies but also support the development of new business models that can further leverage the geographical location of Salalah.”