Blockchain future-proofing maritime logistics · 2021. 7. 17. · Validate your plans with a clear...
Transcript of Blockchain future-proofing maritime logistics · 2021. 7. 17. · Validate your plans with a clear...
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Blockchainfuture-proofing
maritime logistics
Nico WautersCEO & co-founder T-Mining
November 5th, 2019
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Technology ProviderRecognized forerunner in blockchainFramework tailored to Maritime, Ports, Logistics & TransportDifferent successful paid Projects in Antwerp, Rotterdam, Singapore, ...
Experienced team of 10 peopleInhouse blockchain development
Deep expertise in maritime logistics
Founded in 2016HQ in Antwerp, office in Singapore>1.5m Seed funding raised from co-founders, FFF, Taste Invest (Westerlund) imec.istart, government & grants
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> 200 communication interactions
> 30 different parties involved
Moving a container from A to B
3source: NYT March 4, 2017; Forbes March 5, 2017
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> 99%of freight transport
operations within EU still use paper documents
4source: EC, DTLF reports 2018
Poor supply chain efficiency
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Terminal reposition a container
4 to 5times
Up to 50% of the cost of
moving a container is related to paperwork
Poor supply chain efficiency
1 out of 4 trucks is driving empty
on our highways 5source: NYT March 4, 2017; Forbes March 5, 2017 & customer meetings
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Current information flow: Interconnected data silo’s
A B
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Information flows
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Point-to-Point Centralised platform
Cloudtrust in middleman
Decentralised platform
BlockchainPeer-to-Peer
trusted collaboration
Terminal
Carrier Freight Forwarder
Transport Operator
Sub-contractorDriver
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The 3 flows in Supply Chain
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blockchain enables assured multi-entity
collaborationand facilitates shared control over data between the different flows in the supply chain
physical flow document flow financial flow
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50 tons of narcotics
found in the Port of Antwerp in 2018
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Secure Container Release
source: De Standaard, 2019
Use Case 1
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administrative cost of
€8 billionrelated to processing of
freight transport documents in the EU
Use Case 2
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Secure Document Workflow
source: EC proposal on electronic freight transportation information, 2018
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today a terminal needs to reposition a container
4 to 5times before releasing it
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Chainwise collaboration
source: management estimates
Use Case 3
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Proof-of-Concept: Next Mode of Transport
Exchanging data at transaction level with a neutral platform results in a more efficient business process
Terminal Freight Forwarder Transporter Shipper
Next Mode of Transport
Green Lights &Estimated Time of Discharge
Chainwise Collaboration
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PrestudyyourIdea’s
Study
We run projects to build trusted collaboration
With years of inhouse blockchain expertise and
know-how we can provide valuable technical &
business input.
Validate your plans with a clear concept, technical &
financial analysis and detailed roadmap.
Designyour
Concepts
Proof
With a proven track record in setting up Proof-of-Concepts,
we design & building working prototypes fast and
at limited cost.
Test your Proof-of-Concepts in real life conditions
together with your key stakeholders.
Buildyour
Pilots
Pilot
Jump-start Pilots with our Framework providing off-the-
shelf functionality,a proven approach
& methodology.
Run Pilots for extensive testing & validation and
engage your partners in a consortium.
Implementyour
Solutions
Implement
Run private networks easier and faster and integrate your
existing applications using our API-first
Framework.
Roll-out your solution towards your ecosystem and add functionality as-you-go.
Scaleyour
Platforms
Scale
Run your decentralised network and develop your
own dApps using our Framework.
Leverage your network as a platform supporting multiple solutions for your ecosystem
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1 in 5 seafood samples mislabeled worldwide
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Fourth Use Case - Document Flow
Food testing certificates Global player based inThe Netherlands
source: Oceana, 2016
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Fourth Use Case - Document Flow
Food testing certificates
goods
all documents are stored in the blockchain platform
Exporter
origin destination
Sample & report Sample & report
Analysis & report Analysis & report
Surveyor
Lab
Order
BlockchainPlatform
FoodSupply Chain
Importer Distribution
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FAKE bonds represent a real threat for daily business operations
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Use Case - Document Flow
Registration of BondsEuropean Insurance Group with HQ in
Brussels
source: customer interviews
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Verification of the Authenticity of Surety Bondsallowing to easily verify if the bond:(i) is still valid; (ii) the amount has not been tampered with; (iii) if it was issued by Insurance Cy.
Insurance Cy
#1 Registersthe bond in the ledger
Insurance Cy
#4 Audit Trailof all relevant
information related to a bond
Registering the Bond in Blockchain
Flow of theSurety Bond
The Beneficiary
#3 Verifiesthe authenticity of the bond
PrincipalBrokerInsurance Cy Beneficiary
The Principal
#2 Sharesthe bond with the Beneficiary
Document Flow
Registration of Insurance Bonds
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Different types of blockchain applications
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Notarisation Tokenisation Collaboration
Register FactsRecord statements of facts in a
immutable ledger eg. a ship arriving in the port
Physical flow
Document flowRegister Certificates
Record documents & certificates in a immutable ledger
eg. a food quality certificate
Transfer RightsTransfer rights without double
spending issueseg. a right to pickup a container
Transfer CertificatesTransfer ownership of digital
documentseg. a Bill of Lading
Exchange dataat transaction level between peers
on a need-to-know basiseg. Next-Mode-of-Transport
Exchange dataat transaction level between peers
on a need-to-know basiseg. Phytosanitary approval flow
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DApp DApp
Trustlayer
Applayer
Central App Decentral App
AppWallet Wallet
Nodes Nodes
Building an additional layer of Trust
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