Port: The impact of block chains on the supply chain is far beyond the surface

nnnRumble commentary: According to CoinDesk reported last week, the port of Antwerp in Europe has launched its first block chain pilot project. On the surface, this seems to be just another step in shifting the supply chain to the block chain platform, but its influence is far more than that. Increasing complexity of the shipping industry, cumbersome paperwork and port storms, such as the impact of the industry at the same time, also spread to the global trade, block chain applications can provide a solution to enhance the industry’s key business security Sex and integrity. And it is expected that the industry is likely to carry out more block chain test projects.n
nnTranslation: Clovern
nCoinDesk reported last week that the port of Antwerp in Europe has launched its first block chain pilot project.n
nOn the surface, this seems to be another step in shifting the supply chain to the block chain platform, but its greater influence may eventually appear in other ways.n
nLinking the project to the other two recent trends (increased container transport integration and increased security risks) will begin to understand how the pilot project will help eliminate the growing complexity of the industry while consolidating it in the world economy The role of.n
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nThe container transport industry is working to address the worst financial crisis that it has faced in its sixty years. With the slowdown in world trade, coupled with overcapacity, the volume and rate of container transport have declined, in recent years, the industry growth rate dropped sharply. And this situation seems to be in the short term there will not be much improvement.n
nIn order to solve this problem, large shipping companies have formed an alliance to “share” the space of the container ship. Then it is not difficult to imagine the archives caused by the chaotic state. According to the Port Authority, the paperwork now accounts for half of the cost of container transportation.n
nAll participants on the chain chain platform can access and validate documents in real time, eliminating costly duplication of work and errors, reducing costs, encouraging more trade, and providing a driving force for shipping ecosystems.n
nAlthough the port is only a part of the shipping process, but it is essential, but also may be a bottleneck in the shipping process. Bill of lading and transport contract in the port after several hands, freight forwarders unloading the container and sent to the next stop of the journey. However, data errors and inconsistent formats will delay the entire process, so that the goods are not necessary for a long time to stay in the port.n
nThe port suffered a stormn
nThe terminal is also a place where security problems are prone.n
nThe block chain platform in Antwerp is primarily intended to solve a particular problem: assigning a unique identification code to a container waiting to be received, and the identification code will go past the container before it reaches the intended carrier. And the solution ensures that only the designated agent can get permission to take the goods, and the distribution of information can prevent any attempt to manipulate the behavior of information data.n
nWhile this is a more basic example, port security issues around the world are exacerbating the recent events that have taken place. Earlier this week, the shipping giant Maersk Group suffered a cyber attack, which affected all of its business areas, including its port operations, some of which had to be temporarily shut down.n
nWhen you take into account the supply chain of the synchronization process, even if the temporary closure of part of the process, will lead to major business interruption, the world will have a chain reaction.n
nThere is no doubt that the global maritime center is aware of the chain-chain platform of the distributed network can enhance the security and integrity of key business. Although the Antwerp project is focused on a specific use case, but then it is likely to carry out other test items. Europe’s largest port, Rotterdam, is also working on a block-chain solution for the logistics industry.n
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nIn view of the global nature of the shipping industry, the interlinkages between the different aspects of the logistics business and the common problems shared by most operators, there is still no international block chain alliance of ports and air carriers, which is somewhat difficult to understand.n
nOnce such an alliance has emerged, the work that has already begun will undoubtedly reveal the further application of distributed categorical accounting techniques, which will help solve some of the industry’s dilemmas. The shipping industry is facing too many dilemmas, and the poor shipping industry will hinder global economic growth.n
nBlock-based platforms help to improve the efficiency of the supply chain and thus promote global trade. But the potential of the block chain platform is far more than this. This is related to strengthening the business model and security of these key links in the supply chain. If the port to adapt to the lack of capacity, then the world trade bundled with the chain is also difficult to maintain.n

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