Smart Containers are continuing with its growth trajectory and well on its way to becoming a part of our daily lives it seems.. As I wrote in my previous article, Smart containers are containers which are equipped with sensors designed to provide real-time tracking of its location and movements..
Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..
CMA-CGM, Maersk Line, MSC, ZIM Lines, are some of the lines who are already offering smart containers in the market..
Hamburg Süd (now part of Maersk Line stables) became the latest line to announce its future use of Remote Container Management (RCM), which was announced at the Fruit Logistica 2019 in Berlin..
The blockchain technology and its integration with IoT seem to be quickly catching on and the practical uses and benefits of these integrations would be interesting to watch..
Recently two companies announced that they will come together to create a joint platform to service thousands of users in the transportation sector..
One is RoadLaunch, an intuitive, fully integrated and easy-to-use system for freight quoting, dispatch, capacity management, load matching, asset tracking, transparency and instant settlement..
The other is CargoX, a multi-award winning open and independent platform based on blockchain technology highly regarded as the optimal way to transfer information of value in the digital shipping business..
This partnership will integrate CargoX’s Blockchain Document Transaction System technology, powered by the Ethereum Network, with RoadLaunch’s permission-based blockchain platform..
Previously we had reviewed how blockchain based smart bills of lading work in general and what smart bills of lading can do..
We also reported on news of shipping lines progressing to the next phase Blockchain initiatives..
Smart bills powered by blockchain seem to have arrived with more and more lines carrying out tests and succeeding in the same..
Pacific International Lines (“PIL”), the company founded by one of the Leaders and Visionaries in Shipping – Mr.Chang Yun Chung, became the latest shipping line to successfully use an electronic Bill of Lading (e-BL) built on the IBM Blockchain Platform for the shipment and tracking of Mandarins (a type of Orange) from China to Singapore to coincide with the Lunar New Year celebrations..
Ahhhh, blockchain, to many, it’s like entering a parallel universe, evoking images of a world where all processes are in blocks, every block talking to the other, every block working seamlessly at the touch of a button, the equivalent of a human world where the roads are flowing with milk and honey..
There are proponents and opponents to this technology in equal measure, with the proponents fuelling a hype relating to the blockchain technology’s application in shipping, freight and logistics, in the media in the recent past..
We caught up with John Monarch, CEO of ShipChain in an effort to understand what the blockchain can and cannot do in the shipping and freight industry and to help us separate hype from reality..
Previously we shared an article about India’s first blockchain enabled Letter of Credit and also the First blockchain enabled trade finance transaction.. Both of these activities were carried out by HSBC..
HSBC seems to be leading the way in terms of blockchain-based tools to handle financial processes relating to foreign-exchange trades..
The world of digitisation and technology is upon us and the shipping and freight industry has been playing catch up compared to the other industries..
In November 2017, ZIM Line announced that the first pilot of paperless Bills-of-Lading based on blockchain technology was completed in cooperation with Sparx Logistics and Wave Ltd..
The pioneering pilot, the first of its kind led by an ocean carrier, was concluded successfully as part of ZIM lines new platform along with a selection of their leading customers to test this solution for trade activities on multiple shipping lanes..
Following this successful pilot, ZIM line has been evaluating its platform in different trade lanes with more customers and is now ready to move to the next phase of its blockchain initiative..
In a demonstration of what positive things can happen when the Government and Agricultural sector partner in innovation, a new paperless system is set to save South Africa’s fruit export sector ZAR250 million..
After a successful pilot and implementation by Department of Agriculture, Forestry and Fisheries (DAFF), the roll out of a new e-Certification IT platform to the fruit industry in 2019, will save the industry at least R250 million over the next five years..
Major shipping lines from within the container shipping industry namely, Maersk Line, MSC, CMA-CGM, Hapag Lloyd and ONE are locked in discussions to create an association looking to pave the way for further digitalization, standardization and interoperability within the industry..