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Cosco Shipping launches blockchain solution for China inland ports

Photo: Unsplash launchpresso-h5iazR-wljU-unsplash.jpg
Cosco Shipping and Anhui Provincial Port & Shipping Group have jointly developed blockchain-based paperless import cargo delivery at China’s inland ports for the first time.

The two parties officially launched the digitalised contactless imports pickup solution based on blockchain technology at Wuhu port, Anhui province.

Following the coastal ports including Shanghai, Xiamen, Qingdao, Ningbo, Guangzhou and Tianjin, Wuhu Port has become the first inland port in China to realize blockchain-based paperless import cargo delivery.

It is a key initiative of Cosco Shipping to actively respond to the integration of Yangtze River Delta, to implement requirements of the Ministry of Transport on the “clearway program” of port and shipping for imported e-commerce cargo, and to further promote the digitalization of shipping.

Since November 2019, Cosco Shipping has been promoting the application of blockchain-based contactless cargo delivery at several domestic ports. Nearly 70,000 teu of cargo have been picked up in a contactless and quick way through the blockchain-based paperless cargo delivery platform up till now.

TAGS: Ports Asia COSCO