FREIGHT forwarder Panalpina has joined the Blockchain in Transport Alliance (BiTA), a forum of leading tech and transportation companies for the development and implementation of blockchain standards.
BiTA members aim to educate the market
on blockchain applications and encourage their use through
implementation. Blockchain creates a digital record of every transaction
made in a decentralised and secure way using cryptography.
BiTA standards will address how the technology will impact contracts,
freight payments, asset maintenance and ownership history and chain of
custody of freight.
Other benefits of using blockchain technology range from better
scalability of operations to optimised capacity monitoring and pricing,
fewer errors in payment processing and auditing, improved compliance,
easier identification of attempted fraud, theft prevention, ease of
building trust and gaining real-time feedback from customers.
Panalpina said that blockchain use in freight forwarding and logistics
is still in the early adoption phase, but it is already being approached
by vendors, partners and customers about it, reported London's Air
Said Panalpina chief information officer Ralf Morawietz: "It is likely
that many blockchain clusters will emerge around ports and customs
authorities, carrier groupings, as well as third-party logistics
providers and regional logistics networks."
Hamburg named Best Global Seaport as Shanghai gala
AFTER receiving two awards as Best Seaport in Europe in 2015 and in 2016
the Port of Hamburg has been acclaimed as the Best Global Seaport at a
recent Shanghai gala sponsored by Asia Cargo News.
In the presence of 230 guests from the transport and logistics field,
Hamburg was represented by Ding Ling from the Representative Office in
Shanghai, who accepted the award on the port's behalf.
On the short-list, the Port of Hamburg held sway against the ports of
Hong Kong, Shanghai and Singapore. The magazine's readers submitted
their nominations to Asia Cargo News.
"We are pleased with what is now our third award from Asia Cargo News.
And that even more so, since this time it is the award as best seaport
in the world," said Port of Hamburg Marketing CEO Axel Mattern.
"This not only puts us ahead of the other competing ports in Europe, but
also of the Asian ports. This shows that in international competition
the Port of Hamburg scores with its great diversity of services and high
handling quality," he said.
"Nor should we forget the Port of Hamburg's excellent hinterland
infrastructure. In 2018, there are some 235 train services weekly in the
market between Chinese destinations and Hamburg," Mr Mattern said.
"This represents an increase of 25 per cent year on year. This makes the
Hanseatic City the clear No 1 in Germany as the main port for China and
the major rail hub for the Middle Kingdom," he said.