Oracle looks at shipping’s blockchain quest with HMM collaboration

Oracle looks at shipping’s blockchain quest with HMM collaboration

South Korea’s Hyundai Merchant Marine (HMM) has started working with California-based software company Oracle in order to move its data to the cloud. HMM is working to move its data servers to a cloud-based system by 2020.

HMM and Oracle will also cooperate on applying Internet of Things and blockchain technology to shipping as well. Currently IBM has led the way in partnering liners to explore blockchain possibilities.

HMM partnered last year with Samsung SDS on some trial blockchain shipments. Last August HMM completed its first blockchain adopted pilot voyage with the technology specifically used to focus on reefer shipments. A ship went from Busan to Qingdao at the end of August with blockchain technology deployed for reefer shipment bookings to cargo delivery. Combining the blockchain technology with the Internet of Things (IoT) technology was also tested and reviewed through real-time monitoring and managing of the reefer containers on the vessel.

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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