Saudi Customs completes first blockchain based shipment

blockchain - shipping and freight resource

Blockchain seems to have become a prolific “enabler” of businesses, particularly in the shipping and freight and trade industry..

Whether in its use by Banks and Shippers to create Trade Finance documents; or creating and transmitting smart bills of lading; or setting up a blockchain-based marketplace app for trading in coffee; or making documentation easy for ports; or ensuring prompt delivery of mandarins for the Chinese New Year; Blockchain is making its presence felt quite rapidly in our industry..

Many shipping lines, ports, financial institutions and other private entities are using Blockchain and testing it in many different ways through many pilot projects..

Saudi Customs became the latest entity to successfully test drive its first shipment powered the blockchain technology..

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Can transit time be guaranteed in shipping..??

Shipping and Freight Resource Opinion

“My container didn’t reach the destination as per the transit time you indicated….!!!!”

This is one of the common disputes/complaints that shippers have with carriers..

What is transit time and can transit time be guaranteed in shipping..??

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Marseille Fos port to pilot blockchain project

blockchain - shipping and freight resource

Many have heralded the prowess of Blockchain, the “immutable” hero of technology in the shipping, freight and logistics space..

Blockchain has already been

  • successfully used by Banks and Shippers to create Trade Finance documents;
  • creative enough to get a Tech company and the World’s largest container line to invest in it ;
  • successfully used by companies to create and transmit smart bills of lading with it ;

Ports and port authorities have also got in on the Blockchain action with the port of Valencia, recently joining the TradeLens project, the technological solution developed by IBM and Maersk to start applying blockchain technology in the global supply chain..

Now it is the turn of the port of Marseille Fos, the largest seaport in France, 5th largest in Europe and 41st in the world..

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Mandarin and Blockchain come together for Lunar New Year 2019

mandarin and blockchain - shipping and freight resource

Previously we had reviewed how blockchain based smart bills of lading work in general and what smart bills of lading can do..

We also reported on news of shipping lines progressing to the next phase Blockchain initiatives..

Smart bills powered by blockchain seem to have arrived with more and more lines carrying out tests and succeeding in the same..

Pacific International Lines (“PIL”), the company founded by one of the Leaders and Visionaries in Shipping – Mr.Chang Yun Chung, became the latest shipping line to successfully use an electronic Bill of Lading (e-BL) built on the IBM Blockchain Platform for the shipment and tracking of Mandarins (a type of Orange) from China to Singapore to coincide with the Lunar New Year celebrations..

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ZIM Line progresses to next phase of its Blockchain initiative

blockchain - shipping and freight resource

The world of digitisation and technology is upon us and the shipping and freight industry has been playing catch up compared to the other industries..

In November 2017, ZIM Line announced that the first pilot of paperless Bills-of-Lading based on blockchain technology was completed in cooperation with Sparx Logistics and Wave Ltd..

The pioneering pilot, the first of its kind led by an ocean carrier, was concluded successfully as part of ZIM lines new platform along with a selection of their leading customers to test this solution for trade activities on multiple shipping lanes..

Following this successful pilot, ZIM line has been evaluating its platform in different trade lanes with more customers and is now ready to move to the next phase of its blockchain initiative..

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Now ports also get in on the Blockchain action

shipping and freight news - shipping and freight resource

Many people may remember fondly while some may choose to forget the famous tech bubble of 2000, when a long list of internet and tech related stocks peaked and then crashed into a bear market..

Many companies like Microsoft, Cisco, Intel, Qualcomm, Apple etc were part of this bubble.. Some of the bubbles burst, while some survived..

Will Blockchain prove to be one such bubble that will last or burst…………………..

Blockchain has been

  • successfully used by Banks and Shippers to create Trade Finance documents ;
  • creative enough to get a Tech company and the World’s largest container line to invest in it ;
  • successfully used by companies to create and transmit smart bills of lading with it ;

Now it seems to be the turn of ports and port authorities to get in on the Blockchain action..

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Executive Insights: ShipChain CEO John Monarch on eliminating the barriers to blockchain in logistics

Will blockchain revolutionize the shipping and logistics industry, allowing it to move past inefficient legacy technologies by handing companies the keys to high-tech solutions, at an affordable cost? That’s ShipChain CEO John Monarch’s vision, and over the past year, his company’s platform has emerged as one of the foremost contenders in this burgeoning market.

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Executive Insights: Sensefinity CEO Orlando Remédios on Bringing ‘Big Forwarder Solutions and Technology’ to Small Shippers

The days when pallets or containers disappeared into the supply chain and – hopefully – showed up on the other end weeks later are long over, says Sensefinity CEO Orlando Remédios.

In this instalment of our “Executive Insights” series, Remédios explains how, thanks to recent developments, all shippers need is a cell phone and an internet connection, and they can pretty much guarantee the integrity of their shipments.

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5 Technologies that are shaking up the freight industry

If you work in logistics, there’s a good chance that your company, and even your position, will look very different in a few years. That’s because the technology that makes our jobs possible is improving so fast that we’re still struggling to catch up!

The emphasis is being placed on client satisfaction, customer management, and finances affecting the profit margins. Good organization and planning have become critical in exporting and importing. As the years have passed, the freight industry has turned to technology to increase profits by streamlining their business.

At this point, you should be asking yourself, is my company heading the right direction? If the answer is yes, the five new trends in digital technology posted below will be of particular importance. If you haven’t been keeping up, now is a great time to get on board.

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The Future of Ocean Freight – Unpacking the Logistics Blockchain Goldrush

blockchain - shipping and freight resource

With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..

In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..

We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..

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