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By Rich Handley

Marine Transport International, Agility Sciences Deploy Blockchain System for Logistics

Marine Transport International (MTI) has announced that a successful pilot program has demonstrated how the logistics industry can improve connectivity, efficiency and security using blockchain technology. MTI, in conjunction with Agility Sciences, have released a whitepaper detailing the deployment of their Container Streams system in a supply chain environment. The pilot's results have been verified by scientists at the University of Copenhagen and maritime technology leads at the Blockchain Labs for Open Collaboration (BLOC).

The project, which has connected supplier, shipper, load point, customs and terminal on a shared blockchain ledger, has far-reaching consequences for the logistics industry, the companies report. All parties involved in the supply chain benefit from automated data flows, as the system allows complete interoperability of data sources, including legacy systems.

"The results of this successful pilot demonstrate the strengths of blockchain technology when deployed to link the various actors in the supply chain," said Jody Cleworth, Marine Transport International's CEO, in a prepared statement. "We are confident that firms throughout the logistics industry will see a broad spectrum of benefits stemming from blockchain deployment... A blockchain-enabled supply chain is highly resilient to cyberattack; a copy of the essential shipping data is stored on each node on a decentralized network, meaning that even if one node is compromised, the data is safe nevertheless."

"This pilot demonstrates the great potential for distributed ledger technologies to be used in improving supply chain processes," said Karim Jabbar, from the University of Copenhagen's Department of Computer Science, in the prepared statement. "The Container Streams system is unique in the fact that it does not require the complete replacement of existing systems; instead, MTI's solution allows complete interoperability with existing legacy infrastructure. The logistics industry as a whole can expect better visibility, connectivity and cost savings as a result of distributed ledger adoption."

Deanna MacDonald, BLOC's CEO, added in the statement: "We have documented the first phase of this use case, its implications for the maritime industry and the resulting development of a turnkey application ecosystem for global supply chain logistics. However, the future potential of this ecosystem platform will rest upon collaboration from the different actors in these supply chains in order to clearly identify the problems and co-create applications that solve for the collective challenges they are facing today."

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