WhatsApp Image 2020-12-12 at 11.06.11

Smart ports: increasing efficiency and cutting costs

Beyond moving cargo effectively, one aspect that could be enhanced by data sharing is the customs and collections process. Blockchain has been cited as a potential disruptor in this area, as it offers a decentralised ledger that allows data to be stored in multiple locations. According to BCG, it could eliminate the need for paper-based bills of lading to track the origins of containers, saving hundreds of hours of labour for shipping companies and port workers.

Read More