First blockchain container shipped to Rotterdam
The first paperless, instantly financed and fully door-to-door tracked container made its way from Korea to the warehouse of Samsung SDS in Tilburg via Port of Rotterdam on Blockchain-based platform DELIVER.
ABN AMRO, Port of Rotterdam and Samsung SDS demonstrated that blockchain technology enables interoperability, and that integrated container tracking and tracing, required cargo documentation processing and financing can all be done in a trusted, secure and paperless way.
New technologies such as blockchain have the potential to take over supply chain management entirely and disrupt traditional ways of working. As demonstrated in a Proof of Concept (PoC), a comprehensive supply chain management system with paperless integration of physical, administrative and financial flows is now truly feasible. The DELIVER concept fuels process automation and provides value for all actors in the supply chain.
The Proof of Concept has shown that DELIVER can support cross-supply chain end-to-end visibility for multi-modal cargo transport via ocean carrier, truck and inland barge shipping, as well as streamline access to finance.
The interoperability between physical and blockchain platforms enables an international trade ecosystem that allows safe sharing of commercial, sensitive and confidential information, and transfer of ownership between supply chain participants.
According to Robert van der Waal, Deputy President of Samsung SDS EU/CIS, DELIVER has clearly demonstrated its significant potential. “The first shipments to use the platform gave us a good insight into the possibilities of large-scale implementation. As cargo recipient, we benefitted from real time information and advance availability of digitized cargo documentation. We can re-design our processes more efficiently, enabling us to act based on real-time events and trusted data. Ultimately, this will strengthen our service proposition to customers.”
Next steps:
With the Proof of Concept phase behind us, partners ABN AMRO, Port of Rotterdam and Samsung SDS have signed an extended collaboration agreement for the next phase of the DELIVER project.
The goal of this new phase is to conduct pilot projects with multiple shippers from various industries operating in different trade lanes.
The ultimate objective is to reach an open, independent and global cargo shipping platform. This will enhance supply chain transparency and efficiency, potentially unlocking millions of euros in cost savings in the long term.
About DELIVER
DELIVER is a leading supply chain management pioneer, powered by blockchain. More than a technology, DELIVER is a community of shippers, logistics service providers, authorities and banks integrated within and operating on DELIVER to improve the pace, ease and flexibility of global business operations. Each company connects just once and is automatically connected to many. That's the power of the network. It's a breakthrough approach: a global "on tap" utility-like system for powering trade flow networks. It's here now; it's proven; it's transforming how companies operate.
About Samsung SDS Global SCL Netherlands
Samsung SDS Global SCL Netherlands, established in 2011, is recognised as the number one Solutions & Service provider in South Korea. Samsung SDS Global SCL Netherlands used its innovative IT technology to develop the integrated logistics solution, “Cello”. The company uses its IT and logistics expertise and insights to support its global customer base in innovating and growing across a wide range of industries. Samsung SDS Global SCL Netherlands has a revenue of approx. US$ 7.26 billion (2018) and is active in 60 locations in 40 countries.
About ABN AMRO
ABN AMRO Bank serves private and business clients and focuses on Northwest Europe. The bank also offers clients various global specialisms, including trade & commodities financing. The bank has offices in important international port cities and trade centres. Clients can rely on a complete range of products and services that can be purchased via multiple channels, including advanced mobile applications and internet banking.
About the Port of Rotterdam Authority
The Port of Rotterdam Authority aims to enhance its competitive position as logistics hub and world-class industrial complex. Not only in terms of size, but also in terms of quality. The Port of Rotterdam Authority’s core tasks are to develop, manage and run the port in a sustainable way and to maintain a speedy and safe service for shipping.
