BLOCKCHAIN TECHNOLOGY TESTED IN SUPPLY CHAIN INFORMATION MANAGEMENT
Press Release, June 3rd 2017
The EU-funded SmartLog project held a professional seminar and a live demonstration of the supply chain related blockchain technology in Estonia’s largest cargo port, Muuga Harbour, Estonia, on 21st of June, 2017.
“The journey of ten sea containers was tracked and shared through nine measuring points, from ordering an empty container, loading it and delivering it to the harbor container field, and readying it for shipping. The measuring points consisted of data delivered to the blockchain application by roughly ten different companies”, says Mika Lammi, the project leader of SmartLog.
The current application version is numbered 0.2. Live, operative company data related to the status and movements of intermodal containers are already flowing through it. The development work continues, and more companies and data streams will be attached to the blockchain fabric in the coming months. This makes it possible to analyze the effect of the new way of sharing information more accurately.
“The seminar talks created a very clear and concise picture on the state of the art of the logistics industry information management situation, and the role of blockchain technology in it”, Mika Lammi states.
The seminar and demonstration participants consisted of more than 70 professionals from Estonia and Finland. The most prominent Estonian logistics industry stakeholders were present, as well as the industry’s most relevant software developers. Members of Estonian governmental pro-grams were also present, as well as numerous researchers and business developers.