Blockchain down the harbor: Associated British Ports

Leading British port operator Associated British Ports intends to move closer to blockchain technology in the future. In the future, the port operator wants to work together with the logistics service provider Marine Transport International. You want to use blockchain technology to improve port connectivity. A use case far from Bitcoin.

With all the glimpses of the Bitcoin course and its recent developments, it’s easy to forget that the cryptocurrency hides an outstanding technology. Decentralized, robust and counterfeit-proof, it is ideal for organizational purposes. The leading British port operator wants to take advantage of that.

The Associated British Ports (ABP) has now signed a memorandum of understanding with Marine Transport International (MTI). The aim is to develop one of the first detailed pilot programs in Europe to investigate the implementation of blockchain technology to improve port connectivity.

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As can be seen from a press release , ABP operates 21 ports throughout the United Kingdom, handling 25% of the country’s ocean freight. As such, it connects with a variety of logistics companies. Here, the fast and smooth handling of goods of all kinds by the ports is crucial:

“We handle nearly 100 million tons of freight in all sectors every year. This makes us an important gateway to the supply chains of our customers. This agreement with MTI demonstrates our commitment to technical innovation and the search for new ways to improve supply chains in the UK. “

explains Jens Skibsted Nielsen, Commercial Director at ABP.

Under the agreement, ABP is committed to participating in MTI’s blockchain solution for pilot transports. At present, each party in the supply chain uses a different system. In the future, MTI’s technology will provide a way to securely connect these disparate ways of working and bridge the silos to reduce manual data entry time and ensure only one correct version.

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