ABP collaborates with MTI to develop blockchain use for port logistics
Associated British Ports (ABP), a leading port operator in the UK has signed a contract with Marine Transport International (MTI), a digital logistics enabler to develop blockchain use for port logistics, as reported by the Dry Bulk magazine on Wednesday.
Across the UK, ABP operates 21 ports and handling 25% of cargo shipments in the country. It connects with a large number of businesses in the logistics industry
“We handle almost 100 million tons of cargo across all sectors every year so we are a significant gateway for our customers’ supply chains. This MOU with MTI is a demonstration of our commitment to technical innovation and finding new ways to improve the UK’s supply chains,” said Jens Skibsted Nielsen, Commercial Director, ABP.
MTI hopeful to speed up the trade process with blockchain's help
On the other hand, Marine Transport International is very hopeful in the technology helping speed up the trade process in the UK.
“With blockchain, we can connect all those systems to ensure data is accurately and quickly shared, helping speed-up and simplify the flow of trade in and out of the UK,” said Jody Cleworth, CEO and Founder, Marine Transport International.
“Blockchain is the buzzword of the logistics industry at the moment. Yet some of the projects making a big splash are blockchain in name only. Blockchain-enabled technology has the potential to provide a transparent, secure and accurate way of capturing and sharing data with key parties, but for MTI the critical part is interoperability – it has to be able to openly connect with existing systems,” he added.
Currently, ABP is seeking ways to deploy solutions delivering trust, security, and speed.
“Our aim is to support our customers in achieving a frictionless trade. Based on the results from our previous proof of concept project, we are now looking at ways to deploy enterprise-level solutions that can deliver trust, security, and speed,” said Ron Crean, Group Head of Marketing for ABP and leader of the project.
As reported earlier by BC Focus, Tech giant IBM and shipping conglomerate Maersk had jointly launched TradeLens – a blockchain-enabled shipping platform that allows more efficient and secure global trade.
Image via Shutterstock
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