Port of Antwerp starts its own blockchain project

The second-largest container port in Europe is launching a blockchain project, which is to deal with the automation of logistics processes.

Together with the Blockchain-Starup T-Mining, the port of Antwerp in Belgium will find out whether the internal port logistics, including container terminals, can be controlled automatically via the blockchain.

In a report, the port operators said that the speed of exchange with customers and the prevention of fraud will play an important role.

According to own data, more than 30 different parties are sometimes involved in the process of a single container freight: forwarding agents, transport vehicles, drivers, cranes, terminals, customs, shipping companies, etc. Communication is carried out to date via email, fax, telephone or a mix of everything ,

“The paperwork is about 50 percent of the cost of a container freight,” says one responsible.

The port of Antwerp is Europe’s second largest port. On a global scale, Antwerp is ranked fourth.

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