Blockchain project via Rotterdam port starting in 2019
Blockchain is the buzzword of the day. In this context, ABN AMRO, the Port of Rotterdam Authority (PRA) and Samsung SDS, the logistics and IT arm of Samsung, have joined forces to launch a pilot based on blockchain technology.
The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.
Paul Smits, PRA's CFO, said: "Currently an average of 28 parties are involved in container transport from China to Rotterdam. The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online."
The pilot's development was assigned to Block Lab, an entity established by PRA. The pilot involves the multimodal transport of a container from a factory in Asia to a location in the Netherlands.
Initially, the pilot will be implemented by the three parties, but the cooperative network will then become open for other parties to join. The pilot starts in January and the results will be announced in February 2019. (kd)