The Port of Rotterdam in the city of Tilburg, the Netherlands recently received its first ever paperless, door-to-door traceable and instantly financed shipment delivered from South Korea.
As reported by The Maritime Executive, the proof of concept (PoC) shipment provided end-to-end visibility for multi-modal cargo transport by ocean carrier, truck and inland barge.
The container, managed on the blockchain platform DELIVER, was moved by Barge Terminal Tilburg to the Samsung SDS warehouse in Tilburg after reaching the Port of Rotterdam.
Following the completion of the PoC phase, partners ABN AMRO, the Port of Rotterdam and Samsung SDS have entered into an extended collaboration agreement for the next phase of the DELIVER project.
This phase aims to carry out pilot projects with multiple shippers from industries operating different trade routes, with the ultimate goal of realizing an open and independent global shipping platform.
Blocklab, which was established by the Port of Rotterdam Authority and the Municipality of Rotterdam, is leading the port’s blockchain applications.
Decentralized elements currently play an important role in key networks at the Port of Rotterdam. One of the networks is the traditionally centralized electrical grid supplied by a few major power providers with coal-powered plants.
With the current shift towards renewables underway, the grid has become more decentralized, relying increasingly on wind turbines and solar panels and less on fossil fuel plants.
Given that the supply of sustainable energy sources is extremely irregular, however, a smart network facilitated by blockchain technology would be instrumental in achieving energy transition goals.
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