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Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

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A UK port operator that handles 25 percent of cargo shipments in the country wants to integrate blockchain in its supply chain.

UK’s leading port operator, Associated British Ports (ABP), has signed an agreement with digital logistics enabler Marine Transport International to develop blockchain use for port logistics, Dry Bulk magazine reports Wednesday, September 19.

Under the agreement with Marine Transport International, ABPwhich operates in 21 ports and carries out 25 percent of the cargo shipments in Great Britainwill take part in pilot shipments using blockchain technology.

According to Dry Bulk, each party in ABP’s supply chain lacks connection with others, as port operators, carriers, and shippers use different systems. As a blockchain solution for port logistics could reduce time spent on the manual review of scattered data, Jody Cleworth, founder and CEO of Marine Transport International, noted:

“With blockchain, we can connect all those systems to ensure data is accurately and quickly shared, helping speed-up and simplify the flow of trade in and out of the UK.

Earlier in June, Denmark revealed its plans to implement blockchain technology to register ships in local ship registers. A subsidiary of Abu Dhabi Ports has also launched its own domestic blockchain solution for logistics.

In May, Fred Smith, CEO for global delivery service FedEx, commented on the benefits of blockchain for supply chains, calling the technologythe next frontier that’s going to completely changethe whole industry.

Home Crypto News Tezos Foundation Announces Launch of Its Long-Awaited Mainnet
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Tezos Foundation Announces Launch of Its Long-Awaited Mainnet
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Tezos Foundation Announces Launch of Its Long-Awaited Mainnet

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The Tezos Foundation is preparing to launch its mainnet on Monday, September 17.

The Swiss-based cryptocurrency project the Tezos Foundation has announced that its mainnet will be launched on Monday, according to a September 14 tweet.

Have a great weekend, everyone, because mainnet arrives Monday!

Tezos Foundation (@TezosFoundation) September 14, 2018

On Monday, the beta period of the network will officially be over, as the protocol will become a full mainnet. Tezos introduced its beta network in June, calling the move an “inflection pointfor the project. From that point on, users could begin validating blocks or “bakingafter the first seven cycles.

In order to build a network and issue a new type of cryptocurrency, Tezos launched an Initial Coin Offering (ICO) in July 2017, in which it raised around 66,000 Bitcoins (BTC) and 361,000 Ethereums (ETH), worth about $232 million at that time. Tezos, however, called the fundsa non-refundable donationand not aspeculative investment,” adding that the token might not be issued at all.

Following the ICO, a dispute arose between Arthur and Kathleen Breitman, the co-founders of the project who own Tezosintellectual property rights, and Johann Gevers, who controlled the raised funds. This led to an indefinite delay of the platform launch and a series of lawsuits against the company.

Since the ICO’s completion, Tezos has also been the subject of criticism and multiple lawsuits concerning compliance with U.S. Securities and Exchange Commission (SEC) regulations. The lawsuits claimed that Tezos tokens should be considered securities under U.S. law, meaning they would need to be registered with the SEC in order to be legally sold to investors.

In June, the foundation announced the implementation of Know Your Customer/Anti-Money Laundering (KYS/AML) checks for contributors, specifically for those looking to participate in ICOs. The move was met with a negative reaction from the community.

At press time, Tezos (XTZ) is trading around $1.54, up over 15 percent on the day, while its market capitalization is about $933 million.

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