Electronic goods are shipped from China to Canada on a blockchain platform called LogChain platform of a blockchain startup called LogChain. This was a pilot carried out successfully. SPARX logistics is an international transportation and logistics company who has carried out the pilot.
Everything related to the supply chain was handled in the pilot. Electronic bill of lading (e-BL) was implemented in the pilot. The ownership lifecycle & business workflow and digital electronic documentation are included in the e-BL.
The Chief Executive Officer (CEO) & the Co-Founder at LogChain Dudi Avni said, “We are extremely honored and proud to lead the Blockchain revolution in the shipping industry. We have achieved this successful pilot, one of the few of its kind to have ever taken place, with a faster and more reliable service. We are now working together with leading international companies, such as SPARX, in order to pioneer the much-needed change in the international shipping industry.”
The blockchain platform is hosted on the Microsoft Azure cloud with the help of Ethereum private consortia. International Logistics, Shipping companies, and Freight Forward companies are helped in reducing shipping costs up to 7 to 9 %.
The maritime shipping industry continued to grow 3-4 percent per year. The global trade volume of this maritime shipping industry reached 80+ percent.
The international transportation and logistics company SPARX logistics is recognized as the fastest growing third-party logistics (3PLs) in the global market. It is located in Hong Kong. Logistics and supply chain services are provided through the company. It has more than 20 branches across the globe.
LogChain is located in Israel. It was set up in the year 2018. Aman Group is recognized as an IT leader located in Israel only. Aman Group helps businesses in their performance improvement and customers value creation by using technology and innovation. Multiple services and solutions related to digital, cyber security, data, software development, knowledge management, and Blockchain technology are provided through Aman Group. Worldwide clients are served through Aman Group. It employs 2,500 people, PR Newswire reported.
The blockchain platform is digitized and tamper-proof.
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