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It is reported that the project aims to use the artificial intelligence and blockchain solutions to enhance the electronic port system to simplify the electronic port related business and improve customs clearance efficiency.

On September 25, according to Rttnews, the US technology company Ideanomics deployed an intelligent digital supply chain management platform driven by blockchain and artificial intelligence (AI) technology for the Asia-Pacific Economic Cooperation (APEC). Intelligent and blockchain solutions enhance the electronic port system to streamline e-port related operations and improve customs clearance efficiency. It is reported that the first phase of the project will be launched in the two largest ports in the APEC region: Shanghai and Guangdong.

This time, the US technology company Ideanomics collaborated with Asia Pacific Model Electronic Port Network (APMEN) Trading Technology Company to streamline the supply chain through blockchain technology. Together with APMEN Trading Technologies, Ideanomics aims to use the blockchain and so-called “super artificial intelligence” to cut the “middle tier” for port clearance and transportation processing in the Asia Pacific Economic Cooperation (APEC) online port clearance system.

In the meantime, Ideanomics will own a 60% stake in the new joint venture and promise to list on the unspecified China Stock Exchange by the end of the year.

With the advent of the first year of the public chain, people have explored the "business opportunities" and application models of the blockchain. As long as the account book is needed, the blockchain can be applied to simplify the solution, save time and save manpower...

This is not the first time people have become interested in blockchain + port business. In May 2017, the Danish Maritime Safety Administration launched an innovative pilot project to study the value of blockchain technology and explore the blockchain technology in ship registration. Application possibilities. At present, when shipowners register ships, they still need to manually fill in and process various documents. The entire process of ship registration often has problems across borders and time zones, which makes the process very complex and time consuming.

In some cases, it is necessary to sign a legal document across half the globe. But with blockchain technology, these processes will be eliminated, saving the shipowner's time and costs.

The Danish Maritime Authority launched the pilot project for blockchain ship registration, which is also an important part of the Danish government's drive for digital growth. The project will be officially launched in early 2020.

In June of this year, Maqta Gateway LLC, a wholly-owned subsidiary of Abu Dhabi Port, became the first company in Abu Dhabi to deploy its own blockchain solution. Maqta Gateway has developed and launched a blockchain-based Silsal platform designed to increase the efficiency of the shipping and logistics industry.

The port of Abu Dhabi hopes to use internal blockchains to reduce paperwork, promote real-time status updates and accelerate information exchange.

Logistics and shipping industry practitioners are very interested in developing a blockchain platform that can provide solutions. The World Economic Forum estimates that this technology can save 20% of the total cost of physical transport worldwide, and is the chief of FedEx. Executives also call it the “next frontier” of the global supply chain.

I believe that in the future, the blockchain will once again bring surprises to the physical and shipping industry.

Source: Shun Tak Maritime