First Successful Blockchain-tracked Cargo Is Sent from South Korea to Netherlands
According to a report published by the Maritime Executive on July 1, Samsung, the Dutch bank ABN AMRO, and the port of Rotterdam have jointly participated in sending a cargo from South Korea to Netherlands. But what is special about this cargo? This cargo was tracked through the proof-of-concept algorithm (PoC) using a Blockchain platform.
According to this report, this cargo was tracked using a Blockchain platform called DELIVER, which allowed the cargo to be financed, tracked, and be conducted in a fully paperless way.
The traditional method of sending cargos is steeped in paperwork. The reason is that many partners are involved in sending a cargo from one place of the world to another. For example, on average 28 parties are involved in sending a cargo from China to port of Rotterdam.
According to the report by TokenPost, the Blockchain platform DELIVER, which has been developed by Samsung, the Dutch bank ABN AMRO, and the port of Rotterdam, supports Ethereum and Hyperledger applications.
According to an announcement made by the port of Rotterdam, after the proof-of-concept shipment is complete, the organizations involved in that project have signed an agreement to launch a number of test projects based on sending cargos and tracking them using the DELIVER Blockchain platform.