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, Holland: new project based on Blockchain, Forex-News, Forex-News
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Holland: new project based on Blockchain

5
, Holland: new project based on Blockchain, Forex-News, Forex-News


, Holland: new project based on Blockchain, Forex-News, Forex-News

He Rotterdam harbor, in the Netherlands, has presented a new pilot project based on Blockchain. Mainly to make container handling more secure and efficient by eliminating the need to use a PIN code.

In the July 9 release, the Port of Rotterdam reported that it will launch an application called Secure Container Release. In order to make it significantly less susceptible to fraud, such as the current verification method based on PIN or basic passwords.

Blockchain-based pilot project

The project will include some of the main stakeholders in the maritime industry. For example, CMA-CGM, Hapag-Lloyd, MSC, ONE-Line, Hutchison Ports ECT Rotterdam, Rotterdam Fruit Wharf, Milestone Fresh, VTO and Portmade, which will be associated with the application developer T-Mining.

In addition to this, T-Mining is a participant in the accelerator program PortXL. Currently, he is working together with companies in Rotterdam and the Port of Rotterdam Authority, in the practical execution of this Blockchain-based pilot project.

To get back to the point, collecting these containers at the port is a complicated process. Above all, shipping companies, freight forwarders, transport companies and terminals must work closely together to ensure the quick and safe release of this cargo.

For this reason, Emile hoogsteden, Director of Commerce of the Port of Rotterdam Authority said:

By leveraging new technologies, we can make our port operations smarter, faster, more efficient and safer

He also added: “The current pilot project is a good example. During this project, the different participants will use a Blockchain application, which allows them to safely and efficiently organize the launch procedure

Therefore, the Blockchain-based pilot project seeks to transform security for the importation of containers, going from a PIN code to a digital token.

Without a doubt, Blockchain technology prevents this authorization from being stolen or copied on the way. This makes the Port of Rotterdam safer for everyone involved in the process.

PIN not required

Drivers who plan to pick up a container at the terminal must have a valid collection right. This authorization is issued by a shipping company. Subsequently, the cargo agent orders a transport company to retrieve the container at the terminal.

Under the current system, the right of collection is confirmed at the terminal using a PIN code. At the same time, this procedure requires a variety of manual actions from different parties.

Any inconvenience or error in the process can lead to a loss of time, complaints and aggravations between clients and partners, as well as possible opportunities for fraud.

So the implementation of this Blockchain-based pilot project could completely replace PIN-based authorization.

Uses of Blockchain technology in the Port of Rotterdam

In 2017, the Rotterdam City Council and the Port of Rotterdam Authority announced the joint creation of a laboratory for the study and development of tools and applications in Blockchain technology.

In addition, it has the financial support of the Municipality of Rotterdam, the regional development company InnovationQuarter and the support of the Rotterdam University of Applied Sciences. This initiative is called BlockLab.

The objective is to ensure that Blockchain technology is at the service of the activity of the homonymous port. Especially in regard to the management and consumption of energy and logistics processes.

It can be highlighted that, in 2019, the first container transport operation took place, from the East to Europe. Most notably, it was managed exclusively through a digital platform, based on Blockchain technology.

This test, had the participation of ABN AMOR, the Port of Rotterdam and Samsung SDS. It should be noted that documentation management and financial operations can be carried out safely and without paper.

Hinting about it, Robert van der Wall, Vice President of Samsung SDS EU / CIS, emphasized:

“The first shipments the platform used gave us a good idea of ​​the possibilities for large-scale deployment.”

Adding: “As a cargo recipient, we benefit from real-time information and the anticipated availability of digitized cargo documentation.

By way of closing, the objective is to carry out Blockchain-based pilot projects, with multiple carriers from various industries, operating on different trade routes. With the intention of reaching an open, independent and global freight shipping platform.



, Holland: new project based on Blockchain, Forex-News, Forex-News

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, Holland: new project based on Blockchain, Forex-News, Forex-News
1 Comment
  1. , Holland: new project based on Blockchain, Forex-News, Forex-News
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