As blockchain technology continues to seek out its footing amongst enterprises and governments, the Mediterranean Transport Firm (MSC) says it would use the rising tech for battery security certifications.
In a report by the Sensible Maritime Community, the formidable plan will contain a partnership with the International Transport Enterprise Community (GSBN). Reasonably than construct its personal blockchain from scratch, MSC will lean on GSBN’s present ledger, which has a substantial wealth of expertise in shipping. GSBN contacts lengthen to high laboratories and certification suppliers in mainland China for batteries.
The collaborative effort might be restricted to lithium battery shipments, with the MSC looking for to digitize its reserving processes utilizing blockchain. The delivery large is eyeing a substitute of paper-based processes with security certificates on distributed ledgers, which it says will improve effectivity and transparency.
Lithium batteries, lasting as much as 10 cycles longer than common alkaline batteries, pose vital hazard whereas in transit, requiring strict delivery necessities to mitigate dangers.
Historically, paper-based certificates have acquired criticism for gaping loopholes for fraud and problem in verifying sources.
“Our collaboration with GSBN affords one of the best of each worlds. We are able to provide prospects a extra streamlined expertise from the purpose of reserving, whereas guaranteeing that cargo requiring particular dealing with will be safely transported,” mentioned Dirk Van de Velde, a number one security government at MSC.
The blockchain-based certificates might be interoperable permitting related events to entry security certificates onchain in real-time with out the everyday hassles related to paper-based requirements.
“This has solely been made potential by GSBN’s blockchain community and by way of it, its entry to high testing laboratories and certification suppliers in China, one of many world’s high exporters of products with lithium-ion batteries,” added Van de Velde.
Increasing blockchain use circumstances
Whereas blockchain’s most seen functions revolve round digital currencies and decentralized finance (DeFi), fanatics are exploring utilities outdoors finance. In public well being, researchers in South Korea are turning to expertise to trace a bedbug infestation whereas others are utilizing the expertise to enhance accounting processes.
The United Nations (UN) is leaning on the expertise to improve help supply in third-world international locations, defending the identities of refugees and guaranteeing effectivity. Different viable use circumstances for the expertise embody provide chain administration, blockchain-based voting programs, planetary well being, and digital IDs.
“Web3 has the potential to facilitate approaches in the direction of planetary well being, with the usage of instruments and functions that are underpinned by shared values,” learn one research paper.
Watch: Is it the time to make use of blockchain tech?
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