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IBM & PIL test Blockchain-Waybills

Singapore’s leading Container shipowner Pacific International Lines (PIL) test, with the support of the Software giant IBM’s Blockchain-bills of lading in its supply chains. Thus, the ninth-largest Container company in the world wants to make its global deliveries safe and protect against fraud. A similar test competitors Maersk and OOCL reaches of the Industry, this is already the third Blockchain assault in the container business this year.

Receipts, trade requirements, transport regulations – there is hardly an industry of the administrative burden seems to be as high as in the international Container ship traffic.

The Singapore’s leading Container wants to meet shipowners PIL using the Distributed Ledger technology (DLT). As it says in its recent press release, the company has developed for this purpose together with Software giants IBM and digital waybills. In the first test runs, you want to put this to the test now.

On bills of lading [English: Bill of Landing or BL] are secured for the ship transport of essential information. Such transport receipt contains about proof of the transported, the shipping order, the sender and the receiver.

Oftentimes, such cargo is to be sent to letters between the parties by Post and are often victims of Manipulation and fraud.

The IBM-developed e-BL aims to change this for the business of PIL and the management of the Container more efficiency into it.

“Traditionally, the flow of information [in the case of bills of lading] is controlled mainly manually. If the communication network with many nodes containing points, which makes the supply chains more slowly“,

PIL-Director Lisa Teo explains the pitfalls of the industry.

“The Blockchain technology allows the direct exchange of documents and information. By increasing transparency, fakes and unnecessary risks around the technology to be the key for the progress of this industry.“

The test of successful runs, if you wanted to expand the Blockchain-Engagement and the e-BL into business, according to a press release.

Maersk & OOCL make it

The recent thrust of the Singapore reflects a General trend in the industry. In addition to market leader Maersk and Hong Kong’s Orient Overseas Container Line (OOCL), is PIL is now the third shipping company that wants to make their global supply chains using the Blockchain to secure feet.

Pre-it had power at the end of July OOCL. Together with the Australian Commonwealth Bank (CBA) had made the shipping company a to therefore, unique art pieces on the legs. Thus, it was possible for the partners by using an Ethereum-a Blockchain, 17 tons of almonds complete shipping automated and traceable from the Australian Victoria to Hamburg.

Maersk, in turn, had presented then, at the beginning of August, together with IBM, the Blockchain platform TradeLense. This is to specifically address the problems of the shipping logistics. Like BTC-ECHO reported, currently have explained, over 90 industry organizations, to want to use in the future.

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