Pacific International Lines Implements Blockchain for Digital Shipping Processes

Asia Blockchain Review
June 12, 2019

Pacific International Lines (PIL), an international shipping company, has announced its decision to join the blockchain-powered logistics platform provided by Singapore-based Global eTrade Services (GeTS).

Managing Global Supply Chains with Blockchain

According to Ledger Insights, GeTS’s CALISTA platform enables shippers to manage global supply chains digitally, with parts of the system running on a blockchain.

The Singaporean firm explained that CALISTA provides interoperability and further opportunities for business growth, while offering security and enhancing efficiency for shipping companies.

One aspect of the shipping industry that has been transformed by distributed ledger technology is the way documents are now stored securely on a blockchain. Formerly, paperwork and permits for cargo to embark and disembark are couriered or mailed, with both methods at risk of fraud and delays.

GeTS’ blockchain platform, the Open Trade Blockchain (OTB), was introduced in 2018 with the goal of eliminating shipping fraud.

Blockchain Drives Digitalization in Freight Industry

Both parties have stated that blockchain will be one of the elements driving the freight industry forward and building more trust among shipping companies.

Eugene Wong, Chairman of GeTS, said, “The benefits of a global digital trade and supply chain platform that connects the trading community are aplenty and we are delighted to have PIL come onboard on CALISTA serving as a platform for their business growth.”

Lisa Teo, Executive Director of PIL, said, “PIL is pleased to join the CALISTA platform […] this fits in well with our digitalisation strategy and we will continue to improve our processes, seeking ways to better facilitate trade within the intermodal transport logistics ecosystem.”

Source: https://www.ledgerinsights.com


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
    Covid-19 is A Wake Up Call: Infinity Blockchain Labs Taiwan Explains
    Get more insights on the bandwagon of adapting towards the future technology of transparency to trac...

    May 29, 2020

    Transparency and Traceability of the Future Technology
    ABR recently had a chat with Steve Nam, the Managing Director of WOWTRACE on authenticity and transp...

    May 29, 2020

    C-LOG Is Charting Its Own Course Ahead
    We recently sat down with Kristina Lynge, CEO & Founder, C-LOG for a conversation on things so far. ...

    May 28, 2020

    MAHSA University on Blockchain: Exclusive Interview with Dr Saad Musbah
    ABR recently spoke to the Head of Student Central and Senior Lecturer at MAHSA University, Dr. Saad ...

    May 27, 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