Coindesk reports that ABN Amro and Samsung are partnering with the Port of Rotterdam to pilot a blockchain trade application.
The pilot will aim to bring efficiencies to container-based trade.
The CEO of Port of Rotterdam points out that a typical shipment from China to Rotterdam involves an average of 28 parties, but considers that it should be as easy as ordering a book online.
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The world of trade and shipping continues to explore blockchain technology’s potential to resolve sources of friction in the global trade shipments business.
I wrote in detail about this blockchain use case and noting efforts already underway at the ports of both Antwerp and Rotterdam, as well as blockchain trials being carried out by Maersk (for container tracking and container insurance).
Since then I have also noted moves by Abu Dhabi Ports partnering with the Port of Antwerp, Accenture Global Solutions exploring blockchain for shipping logistics, and FedEx joining the Blockchain in Transport Alliance (BiTA).
Yet progress towards a live production systems appears slow, with projects remaining in test/trial/pilot mode.
What do you think?
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