On Thursday

Marseilles, the Mediterranean’s second busiest port and Frances largest, is using Blockchain technology to improve the efficiency of its supply chains and the way it handles freight and goods, looking at how it can make better use and share data in a highly secure manner. 

A number of ports are now using Blockchain technology, IBM and Maersk have a system that involves a number of organizations that are able to track in real time shipping data and shipping documentation. 
Meanwhile, Rotterdam, Europe’s largest port, has a Blockchain initiative with bank ABN Amro and Samsung as they look at how to make the shipping of containers more efficient. Currently, there is an average of 28 different organizations involved in transport of one container from China to Europe. 
Shipping containers account for over 66% of all goods transported globally and the items they transport are valued at over $4 trillion worth of goods p.a. so efficiencies can make a huge impact. 

#FrontierInsights
Blockchain
Logistics And Supply Chain
Supply Chain
https://bitcoinexchangeguide.com/french-governm...ics-pilot/

Last Thursday

Alibaba, the world’s biggest FinTech company, which is capitalized at over $453Billion is planning to use Blockchain and Internet of Things (IoT) for its vast international logistics and supply chains.

Alibaba has been experimenting with Blockchain for a while with its Food Trust Framework as it tries to improve transparency, help customers track goods and ensure their authenticity. Using QR codes customers will be able to scan a good and have greater certainty over a product's provenance.

Given Alibaba’s distribution and financial clout, one wonders how long it will be before they launch the AliCoin as a possible way to encourage and reward customers in some form of loyalty scheme. An AliCoin could then be exchanged for goods and services as Alibaba continues its expansion into banking and financial services with Alipay.

 

#FrontierInsights
Blockchain
Fintech
IOT
Logistics And Supply Chain
Supply Chain
https://www.businesstelegraph.co.uk/alibaba-loo...nge-guide/