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Marseille+Fos+Port+Joins+Blockchain+Pilot+for+Freight+Logistics

Marseille Fos Port Joins Blockchain Pilot for Freight Logistics

Image Credit: Getty Images

Marseille Fos Port, the main trade seaport of France is all set to participate in a blockchain pilot for freight logistics in June 2019, as per a report by PortSEurope on March 6. The project will reportedly tap distributed ledger technology for intermodal freight forwarding and supply chain logistics.

Per the report, the initiative has been backed by the Interministerial Delegation for logistics of MeRS and development of the port. Furthermore, the project draws heavy support from Caisse des Depots, a French public sector financial institution, Voies navigables de France, navigation authority  and electricity generation firm the Compagnie National Rhone.

The pilot has been built and developed by three blockchain and logistics firms, which are, Marseille Gyptis International, BuyCo and KeeeX. Marseille Fos Port, or Grand Port Maritime de Marseille, is the second largest Mediterranean port and the fourth largest port in Europe.

The pilot will test on blockchain’s capability for efficient data management on digital transport chain. Also, the pilot will bring in enhanced security for data sharing between two parties involved in logistics trade.

Other Logistics & Blockchain Synergies

Recently, Russian shipping transport firm Infotech Baltika announced the development of a blockchain-based system which will be used for handling port operations.

The Russian Ministry of Transport is also planning to trial blockchain shipping solution TradeLens, developed by IBM and Maersk.

The officials expect TradeLens to reduce paperwork by using smart contracts. In addition to connecting supply chain participants. These include traders, transport companies and shippers. A Kommersant expert noted that blockchain tech could cut over 10 billion roubles ($152 million) in operational costs.

Although, the trial has not yet been confirmed, Kommersant mentioned that the pilot will be conducted in the second half of 2019. Kommersant also stated that the Federal customs service of Russia will reportedly be involved in testing TradeLens.

In Late February, India’s largest e-commerce firm, Mjunction Services limited, entered into a strategic partnership with blockchain shipping firm Shipnext. The synergy intends to build on efficiency across Mjunction’s supply chains and provide value-added services to its clients.

Alexander Varvarenko, founder and CEO of Shipnext, said that Mjunction’s large cargo base will attract more traffic, shipowners and ship operators to Shipnext platforms.

Mjunction services ltd is a joint venture of two Indian steel giants – the Steel Authority of India (SAIL) and Tata Steel. It is reportedly India’s largest e-commerce firm. Further, it operates world’s largest electronic marketplace for steel.