International Port Shipments Of Spain To Be Done On Blockchain
The authorities of the Spanish port city of Valencia intend to use blockchain technology to create the so-called “smart port”, the representatives of Valenciaport reported at the Smart Ports & Supply Chain Technologies conference in Rotterdam.
Jose García de la Guía, the head of the innovative technology at the port of Valencia, considers the use of blockchain to be a perspective solution that will be widely used in many ports worldwide in the future.
Blockchain technologies that provide full transparency of operations among final destination points will be employed not only by members of the International Port Community System Association, but also by other ports cooperating with Valencia.
Jose Garcia de la Guía stated that the smart port will completely eliminate the need for paper documentation. In turn, the supply route tracking will be performed by means of blockchain. Thus, the efficiency and speed of executed orders will increase, and the tracking operations costs will reduce accordingly.
Associated British Ports, a large holding company which owns and operates 21 ports in the UK, is currently conducting studies on the compatibility of port systems with blockchain.
Concurrently, Rotterdam, the largest port of the International Port Community System Association, opened BlockLab, a blockchain research lab. The main goal of the developers is to create a system that provides delivery data in real time.
As previously reported, Air France-KLM intends to use blockchain to establish a system of flights.