Today, ABN AMRO, together with the Port of Rotterdam Authority and Samsung SDS, Samsung’s logistics and IT arm, is launching a pilot with blockchain. The companies want to build a platform together with which international container transport must be handled efficiently.
ABN AMRO announces this today in a press release. Transporting, but also tracking and financing goods and services should be just as easy as ordering a book online, writes the bank. At present, all these transport steps are still completely separate from each other. With the blockchain platform this will come to an end and the various things will be integrated.
The platform that Samsung and ABN AMRO are working on must be completely open and independent. Payments, administration and the physical transport of containers are now separated. According to Daphne de Kluis, CEO Commercial Banking, the companies will integrate all these flows. Not only will workflow management be linked to track & trace, but all paper documents will also be digitised. This will make logistics chains more transparent, more efficient and will save millions of euros in the long run.
At the moment there is a pilot going on with the project. Blockchain technology fulfils the role of registry; this is thanks to the principle of blockchain decentralized, by everyone to manage and control and completely independent. For the first time, according to the bank, different blockchains will be combined with each other. Separate blockchains in South Korea and the Netherlands will be linked.
The pilot will follow the multimodal transport of a container from a factory in Korea to a location in the Netherlands. The pilot will now be carried out by ABN Amro, the Port of Rotterdam Authority and Samsung SDS and will take place in January 2019. After that, other parties can also join in.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.