Nine Chilean Shipping Companies to Develop Tracking Platform

National Economic Prosecutor's Office Chile (Fne) issued nine shipping companies permission to develop a platform based on blockchain to track cargo transportation.

Global Shipping Business Network Platform (GSBN) will be used for cargo design, transparent data exchange and sending transport invoices, What will simplify the document management and accelerate the interaction between all participants in the logistics chain.

Shipping companies and port operators Cosco Shipping Lines will take part in the development of the platform, Cosco Shipping Ports, Sipg, Hapag-Lloyd, Hutchison Ports, OOCL, Dog and Qingdao port. Budget, necessary for the development of the platform, Not disclosed. The project has already been presented by the US antimonopoly departments, South Korea, Poland and Ukraine, However, they have not yet expressed an opinion about this initiative.

Transport companies are increasingly starting to show interest in blockchain, Considering, that this technology will help improve the sphere of traditional cargo transportation. So, Indian system of information interaction of ports (PCS) announced the readiness to introduce the Cargox platform based on the blockchain in nineteen ports of the country for conducting document management. Last year, a similar solution was presented by Accenture.

Besides, Tradelens platform is very popular, created by the technological giant of IBM and the logistics company Maersk. Last year, the Ministry of Transport of the Russian Federation planned to introduce Tradels into Russian sea transportation.