Latest Logistics News

  • Top Chinese chemical firm uses blockchain to cut trade financing costs
    Top Chinese chemical firm uses blockchain to cut trade financing costs
    Amid the pandemic, blockchain is alleviating the pressure in China’s petrochemical trade. One of China’s largest chemical producers has launched a new Blockchain Warehouse Receipt Platform to help the industry combat the rising costs of operations and trade financing. An increased demand for more environmental and safety measures amid the pandemic has further driven costs up in China’s petrochemical trade.
  • Canadian Pacific Railway Seeks Logistics Boost From Blockchain Tech
    Canadian Pacific Railway Seeks Logistics Boost From Blockchain Tech
    Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens.
  • Logistics system provider will connect Dutch ports via blockchain
    Logistics system provider will connect Dutch ports via blockchain
    Logistical management continues to be one of Blockchain’s golden use cases. Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens.
  • Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform
    Major Turkish Terminals Join IBM and Maersk's Blockchain Shipping Platform
    IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator. TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched by IBM and Maersk back in April 2018.  It works by providing standards-based open APIs that allow supply chain data to be immutably and securely tracked and shared using a permissioned blockchain. Turkish-owned YILPORT Holding — which operates 22 terminals and 6 inland terminals across 11 countries — reportedly began integrating data from its Gebze and Gemport terminals in Turkey with Tradelens in July 2020.  Now that integration is complete, the terminals operator will be able to access data flows to help with the more efficient management of assets and containerized cargo. Six main messages will reportedly be operational in the API-supported data exchanges between Yilport and the platform: "gate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list.” Via TradeLens, this container shipping-related data is accessible on the permissioned blockchain for a range of different stakeholders across the supply chain, such as shippers, agencies, port operators, customs authorities or financial service providers. IBM and Maersk’s pioneering initiative has been engaged in coordinating various government agencies and customs authorities from across the globe, attracting participants from Indonesia, Thailand, Azerbaijan, the United States and Canada, among others. As recently reported, blockchain technology is being advocated as a key tool for enterprises, organizations and even governments to develop more resilient value chains going forward after the COVID-19 crisis.  The World Economic Forum recently publ
  • Chinese Province to Use Quarkchain for Construction Resource Management
    Chinese Province to Use Quarkchain for Construction Resource Management
    Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Blockchain firm Quarkchain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Quarkchain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB).
  • Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Global Shipping Giant Cosco to Trial Alibaba’s Ant Blockchain
    Ant Financial claims its enterprise blockchain can handle a billion transaction a day and save costs in global shipping.
  • Afghan Government to Use Blockchain to Combat Counterfeit Drugs
    Afghan Government to Use Blockchain to Combat Counterfeit Drugs
    Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs. Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs. According to Fantom on July 6, its Opera blockchain will be used to track 80,000 units of four different pharmaceutical products in Afghanistan.