Accenture tested a blockchain for ocean shipping

A European consortium led by Accenture proved the blockchain technology can revolutionize the transport industry
15 March 2018   292

A consortium that includes AB InBev, Accenture, APL, Kuehne+Nagel and European customs organization today reported it had managed to test out the blockchain technology in shipping industry. The solution assumed all the respective documents to be shared and distributed using blockchain platform instead of traditional exchanging them physically and digitally. The test was comprised of 12 real shipment missions with different locations and thus various regulatory procedures.

In the test scenario, AB InBev acted as a typical exporter, APL - as a shipping organization, Kuehne+Nagel - as freight forwarding navigator and European customs organization - as a regulator. Accenture in turn provided the necessary consulting and product development services on the matters of a blockchain solution.

The test confirmed the blockchain solution capable of reducing operating costs and making supply chain more transparent. The solution indicated significant improvements of the entire flow of shipping documents, almost 80% decrease of data entry requirements, data amendments made easy and streamline the cargo checks.

Our trials have proven the viability of a shipping process in which many documents can be replaced by secure and distributed data sharing with clear and defined ownership. This gives companies a significant opportunity to save time and money while improving their service to customers.

 

Adriana Diener-Veinott

Freight & Logistics Lead, Accenture

 

Blockchain technology will be transformational to our business and the world. It reduces mistakes, digitizes information and improves the supply chain process so we can focus on our core business of brewing the best beers for consumers.

 

Danillo Figueiredo

Vice President, AB InBev

Consensus 2018 summit to be held in New York City

4th annual blockchain technology summit - Consensus 2018, will take place in New York City on May 14-16
22 April 2018   32

CoinDesk has announced its 4th annual blockchain technology summit Consensus 2018 on May 14-16 at the New York Hilton Midtown. Along with the discussions on the blockchain technology, the event is going to feature a hackathon, PoW pitch competition and a scholarship award in a partnership with Zcash. Title sponsors of the event include bloq, Deloitte, Ledger, Octagon Strategy and SONM.

Consensus 2018 will feature 250+ speakers and 4,000+ attendees from the leading industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups who are building the foundations of the blockchain and digital currency economy. Among the notable speakers there will be Blockstack co-founder Dr. Muneeb Ali, J.P.Morgan blockchain program lead Amber Baldet, eToro CEO and founder Yoni Assia, Hyperledger executive director Brian Behlendorf, ConsenSys founder Steve Cerveny, Athena Capital founder Meltem Demirors and many others.

The full 3-day agenda of the event can be found here.