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October 24, 2018

Port of Rotterdam and partners will run a full blockchain pilot

The Port of Rotterdam Authority, ABN AMRO Bank and Samsung SDS, the logistics and IT arm of Samsung, have joined forces to launch a pilot project based on block chain technology. The ultimate goal is for a complete, paperless integration of physical, administrative and financial streams within international distribution chains.

"Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits", explained Paul Smits, the Port of Rotterdam Authority's Chief Financial Officer. "This results in inefficiency as many parties are involved and everything is organised via paper documentation. For instance, an average 28 parties are involved in container transport from China to Rotterdam. The transportation, monitoring and financing of freight and services should be just as easy as ordering a book online."

"We will be integrating all these flows in our pilot: from workflow management combined with track & trace to the digitisation of paper documentation such as waybills and the financing of handled freight or services," said Daphne de Kluis, ABN AMRO CEO Commercial Banking. "The ultimate goal is to reach an open, independent and global platform that operates from the perspective of shippers."

The pilot involves the multi-modal transport of a container from a factory in Asia to a location in the Netherlands. In the first instance, the pilot will be implemented by the three parties, but the cooperative network will then become open for other parties to join. The pilot starts in January next year, and the results will be announced in February 2019

Source: Port of Amsterdam