Samsung works on a blockchain container tracker
The company will work with the Dutch bank ABN AMRO to track a cargo that will depart from Korea and will have the final destination in the Netherlands.
The Samsung company, together with its technological subsidiary Samsung SDS, is working on the development of a blockchain pilot program for the tracking of container shipments.
This work is also being carried out jointly with the Dutch bank “big three” ABN AMRO, who has a particular interest in tracking the movement of containers from Korea to the Netherlands.
The plan proposes the follow-up of the multimodal transport of a container that will start from a factory in the Asian country, and that will have as its final destination the Port of Rotterdam considered the one with the highest cargo volume in Europe.
This tool will be linked to Nexledger, the blockchain platform developed by Samsung, and also to Corda de ABN, created by the R3 industry located in New York.
For the first time in history, two types of blockchain technologies meet, something that “takes place through a global ‘notary’ that connects completely separate blockchains in Korea and the Netherlands.”
Initially, the pilot program does not intend to use any type of paper, so the confirmation of receipt and payment will be completely electronic along with the real-time exchange of documents.
K. Tovar
Source: CCN
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