Filter content by area of interest
Ports & Terminals
Port AuthoritiesContainerBulkBreakbulk/General CargoRo-Ro/AutomotiveGTOs
Cargo Handling Equipment
STS CranesYard CranesMobile CHERo-Ro EquipmentBreakbulk EquipmentLow ThroughputBulk Handling Equipment
Shipping & Logistics
Container ShippingBreakbulk/General CargoRo-Ro ShippingDry Bulk ShippingLiquid cargoesLogistics
ICT
TOSPlanning & Optimisation TechnologyWiFiMobile ComputingPort Community SystemsAsset Tracking & Monitoring
Automation
Automated EquipmentGate AutomationRemote ControlProcess Automation
Multimodal
RailInland WaterwaysShortsea ShippingRoadAir-Cargo
Container Industry
Container manufactureContainer leasingRepair/StorageTradingConversion/Innovation
Refrigeration
Operations/TransportContainer leasingEquipmentM&R/Storage
Breakbulk
General cargoProject Cargo/Heavy LiftForest productsRo-Ro/AutomotiveAgribulks
Safety & Security
InsuranceHazardous cargoLashings/SecuringLegal/Regulatory
Civil Engineering
Port & terminal construction/designCivil & Consulting EngineersDredging & ReclamationMooring & FenderingLightingPaving & Surfacing
Environment
Business
InsuranceLegal/RegulatoryAppointments/PeopleMergers/Acquisitions/RestructuringFinance/Financial ResultsTrade & Professional AssociationsBusiness/Commerce Miscellaneous
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing 1 of your 1 guest articles


register  or  login  for full access to online news

ZIM to roll out blockchain

ZIM is moving forward with its plan to roll out blockchain technology to replace paper bills of lading and other documentation.

Linked InTwitterFacebookeCard

Following its November 2017 announcement on what ZIM called “the first-ever pilot of paperless Bills-of-Lading based on blockchain technology”, ZIM says it and “selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes”.

“Following the successful pilot, accomplished with the cooperation of Wave Ltd. and Sparx Logistics, ZIM continued to evaluate the platform in different trade lanes with more customers. The exploratory transactions indicated that the blockchain technology can not only replace paper but also improve current activities which rely on emails, fax and other existing tools.

“In two recent transactions, Original Bill of Ladings were transferred to the receiver within under two hours from Vessel’s departure, a process that ordinarily takes days or even weeks. All documentation processes, including endorsements, ownership transfers etc. were performed over the blockchain-based platform. One consignment was shipped from Vietnam to the US East Coast, and a shipment of 11 High-Cube special containers were loaded in Koper and shipped to Haifa,” ZIM stated.

After successfully completing “dozens of shipments” with different freight forwarders and BCO’s, ZIM says it will begin offering eB/Ls to all its customers in select trades, starting in Q1 2019 with the Asia-South Africa and North America-Mediterranean trades. The carrier added that trades were chosen “due to their diverse activities and involved players”.

There are plenty of other blockchain pilots underway, including the TradeLens project announced by Maersk and IBM. Concerns have been expressed about the interoperability of different digital solutions being developed for the shipping industry, and the issue is one of the reasons leading players in the industry have established a group to tackle standardisation. ZIM said it “is pioneering the digitization efforts and have started involving other industry stakeholders for the exchange of knowledge and the creation of industry standards”.

Eyal Ben-Amram, ZIM CIO concluded: “Having gained considerable experience with this revolutionary technology, we are now moving forward. It’s part of our commitment to maximize digitization, and at the same time enhance our customer service levels and nurturing customer relations”.

Linked InTwitterFacebookeCard

You may also be interested in...

ZPMC moves in

Bunking up the logs for easy moves

Pulp facts to the fore in Montevideo

Hyster clamps up on reel handling

Sizing up the breakbulk market

Getting on the intermodal track

Related Stories

Kalmar One - open automation system for container terminals

Kalmar has introduced Kalmar One, said to be the first open automation system fo...

Railbox Consulting offers reefers online

Railbox Consulting has entered a “multi-year digital marketing partnership with...
Linked In
Twitter