Port of Antwerp trials blockchain

Port of Antwerp trials blockchain

The Port of Antwerp is running a pilot blockchain project focused on logistics automation. The test, which aims to automate and streamline operations at the port, is being conducted with blockchain startup, T-Mining.

The port stated in a release that moving containers from point to point often involves more than 30 different parties, including carriers, terminals, forwarders, haulers, drivers, shippers and more. This process results in hundreds of interactions between those parties, conducted through a mix of e-mail, phone and fax.

“The paperwork accounts for up to half of the cost of container transport,” the port authority said.
Blockchain is gaining traction in shipping. Earlier this year the world’s largest containerline, Maersk, teamed up with IBM to focus on using blockchain technology for its daily operations.

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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