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   2062

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

Ledger Team to Find Issue in New Nano S Software

Last update's security improvements have affected the amount of device memory
15 February 2019   114

Ledger hardware wallet developers stated that an unforeseen problem was found in software version 1.5.5 for the Nano S model. Improvements in the security context have affected the amount of device memory.

When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.
 

Ledger Team

The project team apologized for the incident and promised to fix the problem during the second quarter of 2019.

The project also announced the addition of Nano S support in the Ledger Live mobile app on Android.

Earlier, researchers at Wallet.fail discovered a number of vulnerabilities in the Trezor and Ledger hardware cryptocurrency wallets. As a result, they were able to conduct a series of successful attacks on wallets during the Chaos Communication Congress in Leipzig.