Why most logistics companies struggle to collaborate?

 

1. Paper intensive

To move a container from A to B, nearly 30 organizations are involved, requiring 200 communication interactions. As a result, up to 50% of the cost of moving a container is related to paperwork.

2. Low digitization rate

Research by McKinsey Global Institute (2016) shows that the Transport and Logistics sector score low in terms of digitization, compared to other industries. By default, a container supply chain involves many parties and external processes are very complex due to limited integration.

3. The analogue legacy

Replacing an analogue process by a digital copy will not create value. Digitization is about transforming processes. Scanning a paper document and not changing the underlying process, will not change the needle.

 

 
"We believe Blockchain technology will bring significant improvements in container operations and create new streamlined information flows"
 
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There is no doubt anymore that blockchain has some very interesting applications for collaboration and automating business processes between the various players in the supply chain. Having a permissioned community blockchain will soon be the most accepted approach to build trust between the members in a scalable way. 

 

Award winning blockchain-based technology

 

We are an independent Tier 2 technology company, developing a blockchain-enabled smart contract platform tailored for the container logistics.  It provides an open framework for communities, developers and end-users. Our platform makes it possible to build and deploy blockchain services addressing use cases that solve specific problems members or the community as a whole have.  Members or third parties can use our pre-made smart contracts to develop custom blockchain services. Development of these services can go much faster as libraries are foreseen for the logistics industry that can be easily combined to implement new use cases of blockchain for this sector. 

 

What is blockchain?

 

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Blockchain technology is based on a decentralized ledger that keeps track of every single transaction. No single party controls the data, as every change needs to be validated by a consensus algorithm before being processed. All transactions are stored in an immutable chain that results in a verifiable audit trail, accessible to all parties involved, ensuring maximum transparency. Blockchain technology allows for a trusted transfer of valuables such as rights and assets without the need for a middleman.

 

What are the benefits of a smart contract platform?

 

1. Consensus on how data is processed

Smart contracts are pre-witten logic, executed by applying Blockchain consensus. Using these smart contracts, blockchain facilitates consensus on which data is processed and how this is done, and thus go further than pure data exchange.

2. Real-time updates & transfer of assets

They allow our customers to transfer rights, certificates or documents in a highly integrated, secure and immutable way. Moreover, they create a communication channel which makes it possible to share real-time updates with all parties involved.

3. Maximal transparency & security

A smart contract creates an immutable log, which can be audited. It can trigger actions if certain conditions are met, for example execute a payment if a container is delivered. The possibility to audit all these transactions ensures maximal transparency and security. 

 

  What does blockchain mean for container logistics?

 
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A decentralized network infrastructure owned by the community

 No one owns the blockchain or the data
No need for a central authority in charge: the blockchain is managed by the community.


Improved scalability
Moving from point-to-point to peer-to-peer communication.

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Shared business logic
 

External business process automation
 Blockchain supports workflow automation between multiple entities. 


Tamperfree: immutable & traceable
Decentralisation and role-based security ensure proper execution of the business process.

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Shared control over data


From data sharing to shared control over data
Only a limited & specific data subset is shared with specific parties - protecting commercial interests - retaining full data ownership & control.

One trusted & controlled single source of the truth
Overcomes versioning conflicts and provides all parties with a common and near real-time view.