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DexFreight, a blockchain-based logistics platform provider, has announced a contract with Veracruz, Mexico, to develop a proof of concept for a blockchain-based port community system.
In our fourth episode of RoadSigns, we ask: what does trucking towards blockchain mean for an industry that relies on trust between business partners? Listen to a fragment of Ken Craig, vice president of special projects for McLeod Software and co-founder of Blockchain in Transport Alliance (BiTA), and get the full program by going to RoadSigns.TTNews.com.
The partnership, led by dexFreight and the Texas A & M Transportation Institute, is the first of its kind in the Americas, according to a press release dated November 8th. The two enter the project with the aim of improving the safety and efficiency of freight transport within the port system and identifying ways to simplify the container export process.
The port of Veracruz has moved 1.12 million units equivalent to 20 feet equivalent to those of the sector in 2017, making it the third largest port in Mexico and officials expect that capacity will increase many times over the next decade.
"The project is [port community system] They are key to improving the commercial efficiency of the port and competitiveness, "said Baruc de la Fuente, administrator of the Veracruz Customs Agency." The goal of the PCS is to reduce time and effort. necessary to safely export and import containers through the door and provide a much better service to customers in the private sector ".
DexFreight will create a web-based application for interested parties (Mexican Customs Authority, Hutchison Ports (ICAVE), the Association of Custom Brokers and the Port Authority of Veracruz) to share information and other legal documents as well as record events in the export process. If deemed successful after several months of stakeholder testing, the initiative will lead to the implementation of blockchain technology in the future development of the port community system.
Happy to announce our most recent partnership with @API_VERACRUZ @TNG_HPH is @TTITAMU to test #blockchain benefits in improving port operations! https://t.co/MJMYT72jAt pic.twitter.com/WMVgBXvjVQ
– dexFreight (@dexFreight) November 9, 2018
The agreement with Veracruz was announced a few weeks after dexFreight said it had completed its first shipment – of frozen food – using a blockchain-based contract system. That expedition was a 5,320-pound raid by Preferred Freezer Services in Medley, Florida, at Manny's Enterprises in Sunrise, Florida, according to a press release dated October 24th.
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