• 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 September 19

08:07 GTT signs a Technical Assistance and License agreement with Hyundai Mipo Dockyard
07:40 DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

2018 September 18

18:09 Cruise ships called Saaremaa Harbour nine times during the summer season
17:52 Arctic units of RF Navy’s Northern Fleet hold amphibious assault training at Chukotka coast
17:27 Annual Advanced Course on Port Operations and Management held in France on 10-12 September
17:04 Maersk Line announces rates from Europe & Mediterranean to West Africa
16:50 Marinet Conference gathered more than 500 on-site and virtual participants
16:21 Drilling rig supply ship of Project 22420, Ostap Sheremet, left Amursky Shipyard for outfitting and testing
16:04 Maersk Line announces new Bunker Adjustment Factor (BAF)
15:34 NYK participates in Japan Climate Initiative
15:04 6 MOL-operated/managed vessels earn commendations from Japan Coast Guard Regional Headquarters
14:30 Yang Ming launches new container vessel 'YM Wellbeing'
14:16 Throughput of Chinese ports grew by 4.1% to 6.15 billion tonnes in 8M’18
14:03 PORT OF KIEL restructures Ostuferhafen access area
13:52 RS gains ISO 9001:2015 Certificate
13:28 Kolmar to export up to 40 million tonnes of coal per year via a terminal under construction in the Muchke Bay
13:04 Throughput of port Kaliningrad in 8M’18 grew by 6% Y-o-Y to 9.6 million tonnes
12:40 Okskaya Sudoverf takes part in Global Fishery Forum and Seafood Expo 2018
12:17 Throughput of port Shanghai (China) declined by 1% to 372.85 million tonnes in 8M’18
11:55 Fuel oil prices show no significant changes in the Far East ports of Russia (graph)
11:31 Throughput of port Vyborg in 8M’18 up 23% Y-o-Y to 1.15 million tonnes
11:09 Diana Shipping aqnnounces time charter contract for m/v Artemis with Ausca
10:48 Throughput of port Primorsk in 8M’18 fell by 11% Y-o-Y to 35.79 million tonnes
10:30 Throughput of port Vysotsk in 8M’18 declined by 3% Y-o-Y to 12.07 million tonnes
10:09 Georgia Ports Authority approves $92M rail expansion
09:52 Brent Crude futures price down 0.55% to $77.62, Light Sweet Crude – down 0.44% to $68.39
09:43 ABS Global Gas Team awarded classification contract for Singapore's first LNG bunker barge
09:33 Krasnoye Sormovo shipyard delivers Pola Feodosia, fourth dry cargo carrier of Project RSD59
09:15 Baltic Dry Index is down to 1,357 points
08:17 GTT and Keppel Offshore & Marine sign a license agreement for the construction of membrane tank solutions
07:36 Bureau Veritas issues approval for GTT’s new NO96 Flex cargo containment system

2018 September 17

18:04 Maersk Line announces rates from Indian Subcontinent and Middle East to Mediterranean
17:50 ICS launches free guidance on preparing for 2020 sulphur cap
17:23 Throughput of port Ust-Luga in 8M’18 declined by 5% Y-o-Y to 64.49 million tonnes
17:04 Maersk Line announces rates from Europe & Mediterranean to West Africa
16:35 Cheniere and Vitol sign 15-year LNG sale and purchase agreement
16:04 Port of Piraeus establishes partnership with Port of Guangzhou
15:30 Keppel delivers its second LNG-powered vessel to Keppel Smit Towage Singapore
15:12 Maersk Line announces rates from Far East Asia to West Africa
14:58 HHLA floating crane loads world’s biggest ship propeller onto a vessel at the Port of Hamburg
14:50 Throughput of Port St. Petersburg up 12% to 39.39 million tonnes in 8M’18
14:23 Training for reducing emissions in ports held in Georgia
14:01 Incheon Port Authority signs agreement of 'Formation of eco-friendly port' with UNEP
13:36 Wärtsilä wins world’s first ‘LPG as fuel’ order for new generation of innovative gas carriers
13:12 GTT receives an AiP from Bureau Veritas for the development of its new cargo containment system (CCS) NO96 Flex
12:50 Registration opens for SMi’s 4th annual Maritime Reconnaissance & Surveillance Technology conference
12:31 Maersk to change fuel adjustment surcharge ahead of the 2020 sulphur cap
12:05 Super Luxury MV Viking Orion calls Colombo
11:57 Average wholesale prices for М-100 HFO up to RUB 20,404 in RF spot market
11:24 Bunker sales at the port of Singapore in 8M’18 down 1% Y-o-Y to 33.35 million tonnes
11:19 DNV GL starts phase II of project to examine the impact of phase-contamination on oil flow meters
11:03 Port of Singapore throughput in 8M’18 grew by 1.2% Y-o-Y to 418.62 million tonnes
10:46 Valencia Containerised Freight Index up 8.19% from January to August 2018
10:41 Throughput of port Helsinki (Finland) in 8M'18 up 8.9% Y-o-Y to 7.67 million tonnes (table)
10:18 The Maritime Standard reveals finalists for 2018 Awards
09:56 Brent Crude futures price down 0.12% to $78, Light Sweet Crude – down 0.07% to $68.72
09:34 Port of HaminaKotka throughput in 8M’2018 up 14.3% Y-o-Y to 10.9 million tonnes
09:15 Baltic Dry Index is down to 1,366 points
08:07 Newcastle welcomes ro-ro shipment for Newcastle Light Rail project
07:05 U.S. Port of Corpus Christi resumes normal operations