Kripto Haberler

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, Eylül 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.

Ana sayfa Kripto Haberler Russian Lobby Group to Present Alternative Bill on Digital Assets
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Russian Lobby Group to Present Alternative Bill on Digital Assets
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Russian Lobby Group to Present Alternative Bill on Digital Assets

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A lobby group of Russian industrialists and entrepreneurs wants to eliminate contradictions in the “unfinished and fragmented” state draft law on digital currencies.

A lobby group of the Russian Union of Industrialists and Entrepreneurs (RSPP) is working on an alternative crypto regulation bill, which will eliminate supposed contradictions in the state draft law “On Digital Financial Assets,” Forklog reported Thursday, Eylül 14.

The alternative bill will be developed by a group of high-ranked Russian managers such as billionaire Vladimir Potanin, owner of the nickel and palladium mining and smelting company Nornickel, and Viktor Vekselberg, head of the Russian innovation fund Skolkovo. Both are listed among the top ten richest businessmen in the country by Forbes.

The expert council for the lobby group is formed by representatives of various ministries, departments and the Russian State Duma.

According to RSPP vice-president Elina Sidorenko, the new bill will divide digital assets in three groups: tokens, which will be equivalent to securities, cryptocurrencies, and digital “signs”. She further explained that cryptocurrencies will be treated differently:

“Cryptocurrencies will have a special status, which has never appeared in Russian legislation before, and will be regulated on the basis of laws and regulations that will be issued by the Russian Central Bank. The Central Bank will issue licenses for exchange operations. In this regard, the status of crypto owners will be notably facilitated in comparison to securities owners.

Sidorenko stressed that tokens will also fall under the law on securities, while “digital signissuers will not need to apply for licences from the central bank. She did not specify what “digital signmeant legally.

Sidorenko hopes that the alternative bill will help eliminate contradictions in the state bill that she calls “unfinished and fragmented”. Per Sidorenko, the RSPP document will rely on the actual legal framework in Russia and will take other countriesexperience into consideration.

The alternative bill must first be approved by the RSPP, which will then discuss it with Russian officials later in October, Forklog reports.

The bill “On Digital Financial Assetswas accepted by the State Duma in the first of three readings in May 2018. The law defined cryptocurrencies and tokens as property and soon drew criticism from industry figures.

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