Kerry, Deloitte, and Cargo Smart increase use of blockchain
Kerry Logistics, Deloitte, and Cargo Smart have connected multiple distributed ledger technology (DLT) networks for a platform to enhance efficiency for worldwide shipping industry by digitising document exchange between forwarders and carriers, as well as improving the traceability of shipping documents.
"Blockchain is more than cryptocurrency, it is the future of logistics, especially when internet of things applications are used. Kerry Logistics sees it as the solution for ultimate supply chain optimisation and is determined to be in the vanguard of this revolution", said Wilson Lee, group director of information technology, Kerry Logistics. Lionel Louie, CCO of Cargo Smart adds: "Cargo Smart is excited to work with Deloitte and Kerry Logistics to bridge the gap between the shipping and finance industries by utilising distributed ledger technology. In this project, we proved network-to-network interoperability and demonstrated cross-industry collaboration. (mw)