Marseille Fos Port Authority, the main trade seaport of France, has successfully carried out a blockchain test to develop solutions that will improve freight systems in the Mediterranean-Rhone-Saone (MeRS) corridor and allow logistics operations to be conducted with enhanced efficiency.
According to the Medi Telegraph, the pilot project was commissioned by Marseille Fos and carried out by multiple service providers from KeeeX, a blockchain solutions provider, Marseille Gyptis International (MGI), a cargo tracking specialist and BuyCo, a collaborative platform developer.
However, the port authority disclosed that the experiment demonstrated how the new system was able to digitize the transport chain while enhancing fluidity, reliability, and competitiveness for the MeRS corridor.
Similarly, blockchain technology played a huge role in the trial, as KeeeX provided a decentralized solution that allowed manufacturing companies to participate in the experiment by providing data on the suppliers for their river and road transportation.
<img src="https://www.cryptonewspoint.com/wp-content/uploads/2019/11/1200px-Marseille_harbour_mg_6383-1024x633.jpg" alt="" class="wp-image-5400 lazyload" width="452" height="279" />
With blockchain, stakeholders were able to share data, from cargo tracking and destination of containers to loading and discharge details in a secure manner.
Likewise, the blockchain trial was overseen by an inter-ministry MeRS development body and was a crucial part of France’s national port strategy as well as the French Smart Port in Med initiative.
Thus, funding for the project was provided by Marseille Fos Port Authority and La Banque des Territoires, which is part of the investment institution Caisse des Depots, together with waterway-governing agencies Voies Navigables de France and La Compagnie Nationale du Rhone.
Source: themeditelegraph.com | asiablockchainreview.com