The car manufacturer Tesla has participated in the testing of a privately owned blockchain aimed at speeding up the process of cargo recovery in ports.
A new blockchain consortium is being set up in the maritime and port transport sectors. According to the 7 April 2020 report of Splash 247, software company CargoSmart, in partnership with Cosco, Shanghai International Port Group (SIPG) and Tesla, recently conducted a pilot project to test a new application that could transform the cargo release process using blockchain technology.
Blockchain also used in sea and air transport.
Both the shipping and air transport sectors are interested in the potential of the blockchain in their operations. This technology would be a complement to help change the freight industry. In the maritime field, a new experiment was carried out at the end of last year.
The pilot brought together a group of industry heavyweights to exchange shipment data in real time. A meeting was held with maritime carriers and terminal operators.
These include Cosco, the Shanghai International Port Authority, car manufacturer Tesla and technology provider CargoSmart.
Very concretely, the tested blockchain application aims to reduce the verification steps between consignees, shipping agents and carriers in order to speed up the issuance of sea waybills. The digitalization and simplification of these processes should thus enable truckers to retrieve their cargo from the terminal more quickly. For shippers, this should result in better compliance with delivery times and guarantees in terms of quality of service for customers.
Written By Laetitia, Project Manager