Air Cargo & Blockchain: A World’s First by Microsoft and CCN

Asia Blockchain Review
January 16, 2020

Microsoft Azure Blockchain technology is being utilised to reduce any human errors in the system and further advance the technology of billing and reconciliation in the supply chain industry.

With the technology, the system provides the necessary information of shipments from flights exchange, freight status updates and air waybills. Thus, information from one to the other is to be accessed by anyone with the key to the data itself.

Transparency of data

Freight forwarders and airlines will assemble the shipments and charges of commuting in real-time through the smart system itself as upfront reconciliation is being utilised.

According to the Chief Executive of Singapore-based Cargo Community Network (CCN), Teow Boon Ling, the costs, bills, and reconciliation process involves many stakeholders in the organisations across the entire supply chain, hence; the utilisation of blockchain has not just eliminated human errors, but, the process being done is extremely concrete, monitored thoroughly and will detect errors instantly.

Kevin Wo, Managing Director, Microsoft Singapore is of the opinion that speed and efficiency are key differentiators, and technology can play an important role to enable greater operational efficiency across the entire supply chain.

‘By using a robust, blockchain on Azure hybrid cloud set-up with high availability, CCN is well-positioned to help airlines and freight forwarders to be quicker and more efficient with their billing processes, which can translate into tangible value-add for the industry across the board,’ he added.

Speed and Efficiency Through Blockchain

The main factor that differentiates competitors across various industries would always be about efficiency in the overall progression. Thus, CCN is the key player that would be able to assist airlines and freight forwarders to be quick, efficient and prominent in the whole process of billing, to translating tangible values across the board of the whole industry.

As changes evolve, technology takes over and the world responds the way it can through various mediums. Blockchain being one of the prominent technologies now is a no-stranger to world leaders, especially those who are keen to advance in a more transparent, legitimate and thorough process of dissemination. It does not defeat the traditional way of processing, however, it adds an incredible value that would not just save a lot of parties, but also costs in arranging to managing everything in one single platform.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Blockchain Enables Verification of COVID-19 Immunity
    Given the virus is not going to disappear in a hurry and we are some time away from vaccinating the ...

    November 21, 2020

    Illicit Cryptocurrency Activity: A Concern
    Market regulators such as SEC has accepted cryptocurrencies as a financial instrument and are consta...

    November 20, 2020

    IBM Using Blockchain to Help Businesses Reopen during COVID-19
    IBM’s healthcare unit, IBM Watson recently announced that they will soon be launching an app to supp...

    November 20, 2020

    Canadian Pacific Railway Collaborates with TradeLens
    Canadian Pacific Railway recently collaborated with TradeLens in a bid to improve its efficacy as an...

    November 19, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us