Consortium Launches Cargo Platform
A consortium of cargo specialists has launched a distributed ledger platform to enhance efficiency for forwarders and the global shipping industry.
The blockchain platform improves traceability and document exchange between forwarders and carriers, and was launched by partners Kerry Logistics Network, Deloitte, and CargoSmart.
“A healthy logistics ecosystem is paramount in global trade, but complicated documentation has been a structural problem. Document digitalization is not just the first step, but also a groundbreaking step in the transformation of the logistics industry,” said Paul Sin, lab leader at Deloitte.
Based on software developed by CargoSmart the platform's proof-of-concept was completed in December last year to prove the system’s network-to-network interoperability.
Photo: Kerry Logistics vehicle. Credit: KLN