ABN AMRO, the Port of Rotterdam Authority and Samsung SDS, the logistics and IT arm of Samsung, have joined forces to launch a pilot based on blockchain technology
The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.
“Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits,” explained Paul Smits, the Port of Rotterdam Authority’s Chief Financial Officer. “The transportation, monitoring, and financing of freight and services should be just as easy as ordering a book online.”
“We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitization of paper documentation such as waybills and the financing of handled freight or services,” said Daphne de Kluis, ABN AMRO CEO Commercial Banking.
As said by Sanghun Lee, president of Samsung SDS, blockchain will offer “all parties in the logistics chain the opportunity to coordinate activities using validated data and without central management”.