COUNCIL OF INTERMODAL SHIPPING CONSULTANTS
ANNO XXXVI - Numero 31 MAGGIO 2018
PANALPINA JOINS BLOCKCHAIN IN TRANSPORT ALLIANCE
Global freight forwarding and logistics group Panalpina has
joined the Blockchain in Transport Alliance (BiTA), a forum of
leading tech and transport companies pushing for the development and
implementation of blockchain standards in the freight and logistics
The company said it saw many advantages of blockchain technology
for freight forwarding and logistics operations in general, but also
for specific areas such as perishables in particular.
It said its addition to the alliance brings "over a century
of experience in the freight forwarding business into the
development of blockchain technology, which has the potential to
disrupt the sector".
BiTA is a forum of leading tech and transportation companies for
the development and implementation of blockchain standards.
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, chain of custody of freight, and other issues facing the
Blockchain use in freight forwarding and logistics is still in
the early adoption phase, but Panalpina said it was already being
approached by vendors, partners and customers inquiring about it.
"It is likely that many blockchain clusters will emerge,
for example centred around ports and customs authorities, carrier
groupings, as well as third-party logistics providers and regional
logistics networks," said Ralf Morawietz, chief information
officer at Panalpina.
"When it comes to using blockchain applications and
managing and interacting with all these different clusters, we have
chosen a twofold approach that will be coordinated by a new digital
Luca Graf, Panalpina's head of digital innovation, said: "On
the one hand, we will look at ways to integrate blockchain
technology in complex core systems in the long-run.
Here the focus is clearly on reliability, standardization and
partnerships with bigger, established companies.
We will also take part in the wider industry discussion in this
On the other hand, we will run pilots and trials using
blockchain, likely together with start-ups.
The focus here lies on exploration and specific market and
BiTA president Chris Burruss commented: "Our goal is to
bring together leading companies in the freight and technology
industries that have a vested interest in the development of
As an asset-light company with a very long history in the
freight forwarding and logistics industry, Panalpina's contribution
will be very valuable."
Panalpina said it saw many advantages of blockchain technology
for freight forwarding and logistics operations.
One advantage is the better tracking of orders and assets.
"Because of the decentralized nature of a blockchain, no
single entity is in control of the tracking process, which will
increase transparency in the supply chain and ultimately improve
consumer trust," the company said.
"In the area of perishables, for example, blockchain
technology can be used to reliably track products from farms to
grocery stores, which allows for very precise and quick reports or
Other benefits range from better scalability of operations to
optimized 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, it said.
(from: lloydsloadinglist.com, May 22nd 2018)
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