Published
5 years ago on
October 25, 2018
“We have been very interested in logistics blockchain in Korea and Europe. It will be an opportunity to increase logistics business competitiveness and expand the blockchain platform business globally.â€The tech company and banking giant teamed up with Rotterdam Port Authority in an attempt to link to two separate blockchains. The end goal is the make the logistics process a lot more simple financial transactions such as confirmation of payments. The companies intend to expand their businesses to abroad entities and shipping companies in order to further develop their partnerships with other operators of the blockchain. Chief financial officer of Rotterdam Port spoke said this on the matter:
“Currently payments, administration and the physical transportation of containers still take place entirely via separate circuits. 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.â€What are your thoughts? Let us know what you think down below in the comments!
