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BASEL: May 22, 2018. Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies developing blockchain standards covering contracts, freight payments, asset maintenance, ownership history and chain of custody of freight.

Panalpina arrives in Mexico “Our goal is to bring together leading companies in the freight and technology industries that have a vested interest in the development of blockchain technology,” said BiTA president Chris Burruss. “As an asset-light company with a very long history in the freight forwarding and logistics industry, Panalpina’s contribution will be very valuable.”

The company said it sees many advantages of blockchain technology for general freight forwarding and logistics operations as well as for specific areas including perishables that can be tracked from farms to grocery stores, allowing for very precise and quick reports or recalls.

“On the one hand, we will look at ways to integrate blockchain technology in complex core systems in the long run. Here the focus is clearly on reliability, standardization and partnerships with bigger, established companies,” explained Luca Graf, Panalpina’s head of Digital Innovation. “On the other hand, we will run pilots and trials using blockchain, likely together with start-ups. The focus here lies on exploration and specific market and customer needs.”

Panalpina CIO Ralf Morawietz added: “It is likely that many blockchain clusters will emerge, for example centered around ports and Customs authorities, carrier groupings, as well as third-party logistics providers and regional logistics networks.”

Pictured: Panalpina arrives at Querétaro International Airport, Mexico on May 18 to start regular B747-8 freighter services to Europe.

 

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