translate arrow

CSAFE Global



ROTTERDAM: October 22, 2018. ABN AMRO, the Port of Rotterdam Authority and Samsung's logistics arm SDS have joined forces to pilot a container shipment from a factory in Asia to a final destination in the Netherlands based on block chain technology.

They say the ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.

Port of Rotterdam blockchain“Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits’, explained Paul Smits, CFO. “This results in inefficiency as many parties are involved and everything is organised via paper documentation. For instance, an average 28 parties are involved in container transport from China to Rotterdam.

“The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online,” added Smits.

Daphne de Kluis, ABN AMRO CEO Commercial Banking explained: “We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitisation of paper documentation such as waybills and the financing of handled freight or services. The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers. This will make the logistics chain more transparent and efficient, and millions of euros can be saved in the long term.”

Sanghun Lee, president of Samsung SDS EU/CIS commented: ‘Blockchain offers all parties in the logistics chain the opportunity to coordinate activities using validated data and without central management. Digitisation provides automation, which creates an ultra-efficient logistics chain. What is particularly special about the project is that, for the first time in the rather short history of this technology, we can have different blockchains operating together. This takes place via an overarching ‘notary’ that connects entirely separate blockchains in Korea and the Netherlands.”
Other parties

(Pictured left to right: Sanghun Lee, Samsung SDS; Daphne de Kluis, ABN AMRO; and Paul Smits, Port of Rotterdam.)

CSAFE Global






- powered by Quickchilli.com -