PIL, PSA and IBM run blockchain cargo trial from Chongqing to Singapore

PIL, PSA and IBM run blockchain cargo trial from Chongqing to Singapore

Singapore boxline PIL, terminal operator PSA International and IBM have successfully carried out a blockchain trial to track and trace cargo movement from Chongqing to Singapore via the Southern Transport Corridor – a key route in China’s Belt and Road initiative.

The partners believe that there is now sufficient evidence to show that the concept can be taken to the next stage. The scope of the blockchain platform will be widened and the partners are eager to engage more participants from across the supply chain.

Teo Siong Seng, managing director of PIL, said, “We are highly committed to this idea because we as a company believe the wider application of blockchain across the global logistics and shipping businesses will lead to much greater operating efficiencies, security and transparency. It is the future for our industry.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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