• 2018 August 20 09:57

    Chinese Blockchain Company Yuanben to protect the safety of global maritime freight data

    Recently, Yuanben and Maritime Silk Road Platform co-signed the "Blockchain Technical Service Cooperation Agreement", to provide blockchain services for global maritime freight, thus ensuring the safety of sea-going cargo transportation in a reliable and efficient way, the company announces in its press release.Maritime Silk Road Platform is subordinate to Zhuozhi Logistics Group.

    According to the agreement, blockchain technology will be used to provide node deployment, digital content deposit certificates, and a search interface for cargo tracking.

    The automatic identification system (AIS) is the current universally accepted standard of uniquely tracking a vessel's position, enabling land-based companies to access the tracked course, speed and current bearing of their fleet. AIS tranceivers, now fitted to almost all commercial vessels and many larger privately-owned yachts, also act as a secondary to radar, assisting with maritime collision regulations (COLREGs).

    Dr. Cai Kunying, head of the Maritime Silk Road Platform, said: "This cooperation is a successful example of the combination of emerging blockchain technology and traditional information management system technology. Yuanben blockchain technology will protect the global freight of the Silk Road."

    Fan Xi, head of the blockchain initiative at Yuanben, said: "The support for the blockchain technology for the offshore silk road is a new expansion and innovation in the application of blockchain. This exemplifies cooperation between emerging blockchain technology and traditional information systems. This successful example of a combination of management system technologies will promote a more efficient, transparent and secure development of the supply chain industry and accelerate the upgrade of global trade."

    The Maritime Silk Road is an Internet public booking platform that provides global routes. It has gathered a number of first-class agent resources and established global logistics networks in Hong Kong, Guangzhou, Shenzhen, Shanghai, Ningbo, Nanjing, Xiamen, Qingdao and Tianjin. There are also supplementary offline service branches.

    The Yuanben blockchain is a distributed underlying data network. Its core technology relies on Decentralized Trusted Content Protocol (DTCP) to provide fast, efficient and comprehensive closed-loop solutions for trustworthy, traceable security. The Yuanben blockchain was also the first company in China to use blockchain technology for copyright protection.

    By building nodes around the world, the Yuanben project has become a highly scalable chain of trusted alliances. The use of smart contracts and encrypted algorithms enables sustainable interaction of data within the chain, including the security of data transmission. Uniquely, Yuanben chain and the "Yuanben DNA" interlock mechanism ensure that the data on the chain is 100% irreversible. The Yuanben lightning DNA algorithm can be expanded to support millions of TPS. The Yuanben chain can improve the block write time accuracy to the millisecond level by optimizing the upgrade consensus mechanism.

    In international freight transportation, due to the long cycle and opaque logistics information, goods are difficult to track, which invisibly increases the logistics management cost and increases the risk of cargo loss. Through the Yuanben DNA labeling technology, the sea silk road can add a unique digital identity to each batch of goods and its logistics trajectory, making freight management safer and more efficient, utilizing the irreparable modification and traceability of blockchain technology. In the process, the logistics information is fed back in real time, and the cargo transportation process is followed up rapidly, to ensure that the goods arrive at the destination accurately and safely.

    It is reported that the Yuanben and the Maritime Silk Road Platform will explore many more cooperation methods in the future, taking the logistics industry as the entry point, and the blockchain technology will truly serve the physical supply chain. It will help expand the business of Maritime Silk Road Platform on a global scale and escort the international logistics services of Maritime Silk Road Platform. The Maritime Silk Road Platform will help the technology of the Yuanben blockchain to land and promote the effective connection between blockchain technology and traditionally recognised economies.

    At present, Yuanben also cooperates with authoritative media organizations, such as Petal Net, Fotor and other large original image content platforms, Beijing Business Daily and Daily Economic News. In addition, the Yuanben blockchain also provides a series of blockchain services for various government agencies and copyright agencies.

    "As a pioneer in the field of blockchain technology, which is highly valued by the Ministry of Industry and Information Technology and the 13th Five-Year Plan, the Yuanben blockchain will also carry out extensive and cross-border cooperation in various fields in the future," Fan Xi said.

    Participating in the "Internet +" strategy and the "One Belt, One Road Initiative", Yuanben hopes to help more Chinese enterprises to go global.

2018 December 19

14:33 Maersk announces new rotation on Asia-Europe network
14:08 Concordia Maritime sells positions in chartered-in Suezmax vessels
13:33 SFL enters into lease financing agreement for 3 x 10,600-teu boxships and delivery of Front Falcon
12:58 Maersk joins the Ship Recycling Transparency Initiative
12:55 7 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 18-19
12:23 Damen signs with Gerd Stensen for Stan Tug 1606
12:21 Havyard announces its eight windfarm service vessel
11:56 Simulation exercises to improve port security held in Panama
11:31 Port of Newcastle continues modernization of its bulk terminal
11:09 RF Government gives instructions to address the issue on construction of four gas-powered icebreakers
10:50 Regional workshop to address barriers for effective implementation of MARPOL Annex VI held at REMPEC
10:32 Brent Crude futures price down up 0.20% to $56.37, Light Sweet Crude – up 0.04% to $46.64
10:14 THE Alliance unveils enhanced service network for 2019
09:57 Finnish Transport Safety Agency set to contribute to automation of maritime navigation
09:35 FESCO BoD approved new composition of Executive Board
09:16 Baltic Dry Index is down to 1,395 points

2018 December 18

18:21 Uniper SE and MOL enter into agreement on FSRU project in Germany, and one additional LNG transportation agreement
18:00 Throughput of Chinese ports grew by 4.3% to 8.47 billion tonnes in 11M’18
17:46 Rolls-Royce to deliver advanced ship technology to two more expedition cruise vessels for Mystic Cruises
17:43 Aircraft carrier HMS Queen Elizabeth enters LR class
17:27 SOL adds Finnish port of Pietarsaari/Jakobstad to the Zeebrugge route network
17:04 Finnpilot Pilotage BoD decided for no increase in the pilotage fees for 2019
16:42 GTT bags yet another tank design order for LNGC duo
16:38 PRA starts construction of new plastics recycling facility at the Port of Amsterdam
16:25 Arctia and Meritaito join forces to expand their range of services
16:09 Crowley integrates DFTS management into government solutions group to unify supply chain services
15:42 KN enhances its relations with American LNG giants
15:18 BW Group Limited purchased 137,000 shares
14:53 Icebreakers of FSUE Rosmorport assisted 680 ships in navigation season 2018-2019
14:28 Shell Oman and Port of Duqm ink agreement to develop fuel bunkering facilities
14:11 Golar LNG receives LNTP for an FLNG vessel for Greater Tortue / Ahmeyim Project P1, West Africa
13:47 WEG and Praxis sign MoU to support Damen Saab bid for the Brazilian Navy
13:41 Eni gets approval of the investment plan for Merakes Development Project in Indonesia
13:22 Sovcomflot closes USD 264 million long-term revolving credit facility
12:58 Bunker prices are flat at the Far East ports of Russia (graph)
12:40 Antwerp, Belgium will host the 3rd European Environmental Ports Conference on 12-13 June 2019
12:19 Keppel receives limited notice to proceed for GIMI FLNG
11:57 3 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on December 17-18
11:35 Terna’s MONITA HVDC Project: Nexans reaches key milestone with successful completion of submarine power cable
11:10 Container throughput of port Hong Kong (China) down 5.4% to 17.96 million TEUs in Jan-Nov’18
10:46 Bunker sales at the port of Singapore in 11M’18 down 1.8% Y-o-Y to 45.49 million tonnes
10:23 Maersk announces rate increase for Far East to North Europe trade
10:05 Brent Crude futures price down 1.53% to $58.72, Light Sweet Crude – down 1.61% to $49.39
09:47 Austal export opportunity supported by Australian Government financing
09:31 Rosatom drafted Rules for providing navigational and hydrographic support in NSR waters
09:14 Baltic Dry Index is up to 1,406 points

2018 December 17

18:23 Sembcorp Marine retains its position as Asia’s top cruise ship repair and upgrade solutions provider with newbuilds projects delivered in 2018
18:02 USPA announced tenders for dredging in Mariupol and Berdiansk seaports
17:48 SITC holds naming and delivery ceremony for M/V SITC SENDAI
17:37 ONE to implement LSF surcharge in China and Taiwan
17:15 NCSP Group's consolidated cargo turnover for January-October totaled 116,946 thousand tons
16:41 Moody's reaffirms Panama Canal's A2 long-term rating with stable outlook
16:26 Port of Oakland shatters 11-year-old record for November imports
15:54 Yamal LNG will build one more natural gas liquefaction facility
15:27 Nor-Shipping and Nordic Innovation team up for “Sea Meets Land” funding initiative
15:17 PETRONAS releases Annual Activity Outlook report for 2019-2021
14:56 NOVATEK elects a new member to the Management Board
14:37 Average wholesale prices for М-100 HFO down to RUB 15,328 in RF spot market
14:13 Damen’s triple delivery for Murjan Al Sharq Marine Contracting
13:41 Pacific Fleet and Indian Navy warships practice inspection operation as part of Indra Navy 2018 Russian-Indian naval exercise