Busan port operator to demonstrate blockchain-based smart logistics system

[Courtesy of Busan Port Authority]

SEOUL —  South Korea’s main maritime gateway will demonstrate a blockchain-based smart logistics system that would speed up the transporting process for freight containers. The system will group container trucks by ships so that cranes would pick up cargo boxes in order. It will reduce labor costs and the time taken to load containers onto a ship.

Blockchain is a virtual ledger technology that is unhackable. It is ideal for the management of logistics information and financial records. Busan Port located in the southern city of Busan was selected in a government project to develop core technologies and an unmanned smart logistics system using autonomous equipment in July 2020.

The Busan Port Authority (BPA), the operator of the world’s fifth-largest port, said in a statement on June 9 that it will demonstrate a blockchain-based logistics system platform at four container piers starting next month. The demonstration…

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