Rotterdam - The port and the municipality of Rotterdam have established a new company, Blocklab, to implement the first blockchain’s applications to the shipping domain.
Blockchain, writes a port’s press release, can significantly improve the efficiency of this process. “In this network, deploying blockchain is much more of a defensive strategy, focusing on retaining market share,” explained Aljosja Beije, logistics lead at BlockLab. “Platforms such as Amazon and Alibaba are also emerging strongly in logistics. You could see these as the equivalent of coal-fired power plants: efficiency is created through centralisation. For existing parties in decentralised networks, cooperation is the only option they have to improve their efficiency.”
BlockLab is working hard on a number of concrete projects. Together with S&P Global Platts, BlockLab is building a platform that coordinates the supply and demand of energy.