The Port of Rotterdam in the Netherlands has launched, together with several leading shipping companies in the world, a blockchain-based pilot programme to improve the safety and efficiency of the millions of containers that are unloaded in the port each year, as reported by the port on 9 July.
Secure Container Release, a new blockchain application is said to replace the traditional PIN code with a digital signal. According to the port, the current PIN system requires manual processing, which is more prone to errors and delays. The new digital solution is said to be less susceptible to fraud and will make container handling more efficient and secure.
Major shipping giants such as CMA-CGM, Hapag-Lloyd, MSC, ONE-Line, Hutchison Ports ECT Rotterdam, Rotterdam Fruit Wharf, Milestone Fresh, VTO and Portmade will work with the T-Mining application developer in a three-month pilot program.
As part of the pilot project, the collection rights for the import of containers will be presented as a blockchain-based digital token, not a PIN," says Port.
The terminal operator can then be sure that the container has been issued to the right driver with a unique token. The token is also confidential, thus protecting the chain details and blocking business contacts from disclosure during the process.
