Blockchain News

Danish bulk shipping company Norden has partnered with 123Carbon and its partners, AllChiefs and Verifavia, to commence offering carbon inset tokens through 123Carbon’s newly developed platform.With the platform, Norden will now be able to tokenise CO2-equivalent reductions made on biofuel voyages and allocate them to industry customers who are looking to reduce their maritime Scope 3 emissions.The platform supports auditing companies like Verifavia, a global verification auditing body specialised in transport…

In the first of its kind for a shipyard, DNV has awarded a Statement of Fact (SoF) to Samsung Heavy Industries (SHI) for applying blockchain technology to its own SAS (Samsung Autonomous Ship) and SVESSEL eLogbook data streams on an operating vessel.The project was accomplished by interfacing SHI’s data stream and eLogbook with the VeChainThor blockchain to demonstrate the technology’s potential for secure data stream applications on ships.The blockchain application for the SHI data stream pertains to Samsung Autonomous Ship’s navigation information…

FuelTrax has partnered with Topl to use Topl’s Blockchain-as-a-Service (BaaS) platform to meet the demand for greater transparency in energy trading operations.With blockchain integrated into EFMS products, each step in the energy trading process has an equivalent digital step, including contract formation, asset tracking, and delivery of the product. As supply chain events occur in real-time, each is added to the Topl Blockchain, where a tamperproof record will live forever,…

The Port of Marseille Fos (Grand Port Maritime de Marseille; GPMM) has just completed a blockchain pilot scheme to enhanced efficiencies at France’s largest seaport.The focus of the project for freight transportation on the  Mediterranean-Rhone-Saone (MeRS) corridor is to run a trial to evaluate the security of the digital transport chain. It will involve applying blockchain technology to supply chain logistics and freight forwarding, particularly where goods are transported in multiple ways such as sea and road.Results from trials held over recent months have now been reviewed at a meeting hosted by the port and demonstrated that harmonization of the digital transport chain improved fluidity…

Global Container Terminals (GCT) will deploy the IBM-Maersk TradeLens platform at its four North American terminals.GCT operates four strategically located, big ship ready terminals on the west and east coast of North America. A leader in technologically advanced terminal operations, no company is more prepared to keep pace with the changing needs of global supply chains than GCT.In the Port of Vancouver, GCT Canada is the heart of the Asia-Pacific Gateway. GCT Deltaport is Canada’s largest marine terminal, providing the most efficient ship-to-rail discharge facility worldwide, and GCT Vanterm is among the most productive terminals on the continent.In the Port of New York and New Jersey, GCT USA boasts the fastest truck processing and vessel productivity in the harbor.

Maritime shipping companies Ocean Network Express (ONE) and Hapag-Lloyd have joined blockchain-enabled digital shipping platform TradeLens, which was jointly developed by their container shipping rival Maersk and tech giant IBM.Hapag-Lloyd and ONE, the world’s fifth and sixth largest carriers by capacity, respectively, will join CMA CGM and MSC Mediterranean Shipping Company, the world’s second and fourth largest carriers, who recently signed up for the TradeLens platform in May.Maersk says with the addition the carriers, more than half of the world’s ocean containerized cargo is now covered on the platform. “Expanding digital collaboration is critical to the evolution of the container shipping industry…

The Port of Rotterdam has announced that the first paperless and fully door-to-door tracked container, based on blockchain technology, has arrived at the warehouse of Samsung SDS in Tilburg.Last year Dutch bank ABN AMRO collaborated with the Port of Rotterdam and Samsung SDS on a blockchain trade initiative, DELIVER. The DELIVER concept fuels process automation and provides value for all actors in the supply chain.Yesterday, they have successfully tracked and instantly financed a shipping container and the Proof of Concept (PoC) phase is complete. The entire journey was paperless and automated thanks to the distributed ledger technology (DLT) based solution."ABN AMRO…

Maritime Blockchain Labs (MBL) and BLOC participated in Massachusetts Institute of Technology's (MIT) Solve challenge, where tech entrepreneurs to address the world’s most pressing problems."BLOC and MBL participated in the challenge on coastal communities on how to mitigate and adapt to climate change while developing and prospering," said a press release."We are extremely proud to be part of the Solver class of this challenge, and are looking forward to the future collaboration with MIT," it said.Solve is an initiative of the Massachusetts Institute of Technology (MIT) that advances lasting solutions from tech entrepreneurs to address the world’s most pressing problems.Each year…

The new dry bulk shipping company G2 Ocean and emerging markets specialists Manuchar have announced the successful trial of CargoX’s blockchain-based Smart Bill of Lading (B/L) Solution, and in doing said the traditional bill of lading is “ready for retirement."According to a statement form G2 Ocean, a joint venture of two of breakbulk and bulk shipping companies - Gearbulk and Grieg Star, the two companies concluded their test of the blockchain-based B/L system in April.“Paper Bills of Lading are already considered a historic artefact. The Smart B/L solution gives both us and our clients the power of a modern, reliable, and efficient tool. It will bring cost optimization and improved data security into their processes.

The cargo shipping company in Israel, ZIM Integrated Shipping Services announced that it has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller - Maersk and IBM.TradeLens uses blockchain technology to enable trust between multiple trading partners – from carriers to freight forwarders, customs officials, port authorities and more -- when transacting in a digitized global trade documentation process.TradeLens ecosystem members get a single shared view of a transaction without compromising details, privacy or confidentiality and can collaborate more efficiently and with greater certainty through real-time access to shipping data and shipping documents.As a leading carrier in the global container shipping industry…

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain, the consortium intends to conduct proofs of concept with this emerging technology in 2019, said a press release from OOC Oil & Gas Blockchain Consortium.The OOC Oil & Gas Blockchain Consortium was founded to advance industry blockchain technology learnings for the purpose of driving industry standards, frameworks and capabilities around emerging blockchain technology. The consortium…

Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.With the use of e-BL, the trial has produced a significant reduction in the administrative process of transferring the title deed from five to seven days to just one second."This is significant because the Bill of Lading is one of the most crucial documents used in international trade, typically issued by a shipping carrier to document the title or ownership of goods.