Blockchain is most widely known as the technology that underpins digital currencies such as Bitcoin. But, blockchain has the potential to transform a whole host of industries, not only banking. Pilot projects run by the many dynamic companies and organisations based in Rotterdam’s exceptional maritime sector, are already giving us tantalising glimpses of future scenarios.
“With blockchain, we are already beyond the hype,” explains Martijn Thijsen, digital strategy, transformation and business development at the Port of Rotterdam. “It’s early stages and there are challenges to figure out. But, we see multiple uses for blockchain technology and the impact potential is enormous. Rotterdam’s ambition is to be the world’s smartest port and we see this technology as key to supply chain optimisation and energy sustainability.”
Why do we need blockchain to improve port logistics?
Stakeholders across the enormously complex logistics supply chain are urgently demanding faster, cheaper and more secure and sustainable flows of goods, services and energy. All this while global trade is becoming more complex and less predictable. Digitalisation has delivered some improvements, but there remains a mountain of documentation, time delays and a lack of interconnectivity. Companies still operate with completely different administrative systems in their own little silo, which can be immensely time consuming and expensive. For example, it can take weeks to trace a single product and all its components through the entire supply chain, and to clarify its origin and ownership at every step in the timeline. A single purchase order number from beginning to end is typed over more than a 100 times in mails, systems and documents.
This story is from the September - October 2019 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September - October 2019 edition of Indian Transport & Logistics News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign In
Connecting India With Multi-Modal Logistics
Today, logistics cost in India accounts for 13-17 percent of the Gross Domestic Product (GDP) which is nearly double (6-9 percent) the logistics cost to GDP ratio in developed countries such as the US, Hong Kong and France. Much of these escalating costs are due to the absence of efficient intermodal and multimodal transport systems. But with the government giving infrastructure status to the logistics sector, development of multimodal transport networks and initiatives to set up industrial corridors and logistics parks, a massive transformation of the country’s logistics landscape is underway.
By 2020 Our Target Will Be 50 Percent Revenue From Exports
Since 1996 Gandhi Automations has been a leader in manufacturing as well as exporting, distributing and installing entrance automation systems and loading bay equipment that are problem free and easy to operate. The company specialises in designing, manufacturing and installing customised products conforming to the highest safety standards complemented with reliability and energy efficiency. Samir Gandhi, Managing Director and Chief Executive Officer, Gandhi Automations, speaks to Indian Transport and Logistics News, about manufacturing, exports, market share and potential growth in this sector over the coming years.
Why Is Everyone Afraid To Share Data? GPLS Finds
At the third Global Pharma Logistics Summit 2019 organised by Indian Transport & Logistics News, panelists discussed technological advancements, creation of data, the existence of trust deficit in sharing data, need for educating and building a skilled workforce for better handling of pharma cargo.
Toxic Slowdown In Auto Sector, EVs To Disrupt The Market
When festive season sales failed to cheer the auto industry, logistics providers have taken it as an opportunity to utilise this period to create value by streamlining their operations. With the Indian government's ambitious plans of shifting the focus to electric vehicles by 2023, logistics providers are upgrading their capabilities to handle the complex auto parts and developing technology to track the entire supply chain journey.
Looking Beyond IMO's Global Sulphur Cap
The IMO's move to introduce a 'global sulphur cap' presents a significant regulatory move aimed at reducing greenhouse emissions and making shipping more environmentally responsible and friendly. We probe how shipping lines are preparing for the big move and the alternatives like LNG, hydrogen, and LEO, a blend of lignin and ethanol.
Reinventing Global Trade Using Blockchain
It is claimed that blockchain could boost global trade by $1 Trillion in 10 years. Discover how Port of Rotterdam is embracing this technology to strengthen its smart logistics and maritime hub.
Machine Protection Doors: Protecting People And Enhancing Productivity
Machine protection doors are found in many areas of industrial production - they are required to meet stringent safety requirements.
Freightbro Elite- Deliver An Exceptional Freight Forwarding Experience
Freight forwarding has largely remained an industry dictated by inefficiencies due to traditional mandates of conducting business.
Driving Into A World Of Opportunities India Auto Show
India Auto Show, organised by NESCO Exhibitions, will be held from October 3-5 at Hall 8 of Bombay Exhibition Center in Mumbai.
Digitising Freight Forwarding For A Seamless Supply Chain
FreightBro, a digital platform for freight forwarders and Journal of Commerce (JOC.com), a portal for news about container shipping & logistics have organised the latter's first ‘India Logistics Technology Summit’ on August 22 in Navi Mumbai.
