Alibaba's Import E-commerce Platform adopts Blockchain traceability system

Alibaba’s Import E-Commerce Platform Adopts Blockchain Traceability System

Chinese e-commerce giant Alibaba announced its import e-commerce platform Koala has updated its products to include a full-link traceability blockchain system on March 16, according to a Sina Finance report from March 17. Blockchain Increases Logistics Transparency The report revealed that the integration of Ant Financial’s blockchain in the Koala platform allows online buyers to […]

Blockchain technology in air cargo industry

Air Cargo Industry Could Save $400M Per Year with Innovative Blockchain Tech

Sita, an air transport communications and information tech company, and ULD Care, a trade association, are exploring the possibility of using blockchain technology to save $400M a year in the air cargo industry, according to the March 12 announcement. Blockchain Platform brings down cost and improves efficiency Blockchain technology allows air cargo companies to digitally […]

standard chartered bank

Standard Chartered Bank Joins IBM & Maersk’s Blockchain Shipping Platform

Standard Chartered Bank has become the first financial institution to join TradeLens, the global blockchain shipping platform created by IBM and the Danish logistics giant Maersk. The London-headquartered bank announced its decision on March 10, with global head of trade, Michael Spiegel, stating that digital ecosystems like TradeLens have the potential to promote the sustainability […]

Nike explores blockchain for supply chain data collection

Nike Explores Blockchain with RFID for Tracking Products in Supply Chain

The Chain Integration Pilot (CHIP) of the Auburn University RFID Lab in Alabama has published a proof-of-concept whitepaper that seeks to demonstrate the efficiency savings blockchain technology can unlock across the contemporary supply chain. The proof-of-concept was designed to ingest, encode, distribute, and store serialized data from multiple points throughout the supply chain on Hyperledger […]

Future of Logistics: Blockchain-Powered Supply Chain Management

Future of Logistics: Blockchain-Powered Supply Chain Management

Until a few years back, consumer expectations were much less. Unlike today, they did not mind waiting even for a week or so, to get an order delivered at their doorstep. However, the current scenario is completely different; customers not only give preference to an item’s quality and price, but also their turnaround times. Today, […]

Spanish Port Authority Collaborates with IBM for Blockchain-based Shipping Platform

Spanish Port Authority Selects IBM for Blockchain-based Shipping Platform

The Port Authority of the Bay of Algeciras (APBA) in Spain has signed an agreement with IBM for Tradelens, a blockchain-powered digital shipping platform built by IBM and Maersk. APBA has stated that it will utilize the platform to exchange information and documentation between its supply chain partners in a more secure and efficient way.

Logistics Data, Hong Kong’s 2nd Largest Terminal Operator Blockchain For Logistics Data

Hong Kong’s 2nd Largest Terminal Operator Switches To Blockchain For Logistics Data

Modern Terminals, a container terminal operator in Hong Kong, has adopted TradeLens, a blockchain-enabled technological solution, for documenting logistics data. The solution is developed by the duo, Maersk and IBM. As claimed, the solution will help in digitizing and streamlining the global supply chain process thereby improving the efficiency.