Samsung SDS and ABN AMRO in collaboration with the Port of Rotterdam Authority are working on launching a container logistics blockchain pilot.
As it has been revealed, the IT subsidiary of Korean giant Samsung, Samsung SDS, will connect its Nexledger blockchain platform with ABN AMRO’s counterpart Corda to apply in shipping logistics.
Samsung SDS and ABN AMRO’s partnership
Samsung SDS has disclosed the details of its newly established collaboration with the Netherlands bank. Their joint blockchain pilot will be aimed at tracking the multi-modal transport of a container that will be delivered from a a factory in Korea to the Netherlands through the Port of Rotterdam, which is known to be the largest shipping port by freight volume in Europe.
The pilot itself presupposes creation of a blockchain-based platform with a view to ensure digitization of administration processes for the international finance and logistics related to container transport.
It is planned to realize this idea via linking of Nexledger, which is Samsung’s enterprise blockchain, and ABN AMRO’s Corda platform, that was built by R3, a well-known New York-based industry firm. So, it will be the first example in the comparatively short history of blockchain technology when two different, entirely separate blockchains are put together.