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ABP signs Blockchain deal

[ September 19, 2018   //   ]

Associated British Ports has signed a memorandum of understanding to work with digital logistics enabler Marine Transport International to create a pilot programmes to use blockchain technology to improve connectivity. ABP will participate in MTI’s blockchain solution in pilot shipments. Currently, each party in a supply chain, from shipper to haulier and from port operator to carrier, uses different systems, which do not all talk to each other efficiently. MTI’s technology could securely link and reduce time spent on manually re-entering data.

MTI founder and chief executive, Jody Cleworth, said: “Blockchain is the buzzword of the logistics industry at the moment. Yet some of the projects making a big splash are blockchain in name only. Blockchain- enabled technology has the potential to provide a transparent, secure and accurate way of capturing and sharing data with key parties, but for MTI the critical part is interoperability – it has to be able to openly connect with existing systems. The logistics industry is awash with proprietary technology that forces users to work in a certain way – with blockchain, we can connect all those systems to ensure data is accurately and quickly shared, helping speed-up and simplify the flow of trade in and out of the UK.”