Europe’s Busiest Port Launches Blockchain-Based Container Handling Pilot
The Port of Rotterdam has launched a new blockchain-based pilot to make container handling safer and more efficient by doing away with the need to use a PIN code, reports Port Technology, July 9, 2020. In a bid to mitigate the possibility of frauds, the Port of Rotterdam – the biggest and busiest port in Europe – stated that it is mulling launching “Secure Container Release,” a blockchain-powered application that, according to the authorities, is considerably less susceptible to fraud than the current PIN-based verification method.
The proposed distributed ledger technology-based (DLT) pilot will explore ways to best improve the safety of the container release process throughout the chain, all the way from the shipping company to the end-user. Commenting on the development, Emile Hoogsteden, Director of Commerce of the Port of Rotterdam, said:
By tokenizing the PIN code, blockchain technology will help prevent the theft of authorization along the way, thereby making the process of release of containers safer for everyone involved in the process.
