ABN AMRO, Samsung and Port of Rotterdam team up on container logistics blockchain technology

ABN AMRO, Samsung and Port of Rotterdam team up on container logistics blockchain technology

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 of the project is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.

“We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitisation of paper documentation such as waybills and the financing of handled freight or services. The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers. This will make the logistics chain more transparent and efficient, and millions of euros can be saved in the long term,” said Daphne de Kluis, ABN AMRO’s CEO of commercial banking.

The pilot project involves the multi-modal transport of a container from a factory in Asia to a location in the Netherlands. The cooperative network will become open for other parties to join after the pilot, which will start in January next year, and the results will be announced the following month.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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