Swissport to begin pilot study on blockchain tech

blockchain tech

Ground handler, Swissport, is studying the benefits of blockchain for its cargo handling business and will soon begin a pilot phase with Olam, a non-profit foundation, dedicated to developing an open-source blockchain platform for supply chain partners.

“Blockchain allows us to re-imagine how we work with our partners in the complex aviation and logistics ecosystem,” says Florian Eggenschwiler, who oversees Swissport’s innovation unit. “We expect to see lasting benefits from this technology for fragmented global industries like aviation services and supply chain.

“It will likely change how service providers, clients and partners will transact with each other. We want to get familiar with such technologies early in the innovation cycle and partner with technology leaders to explore its potential in our business for a variety of use cases.”

Blockchain is ideal for cargo handling where tracking and documentation are of key importance, Swissport said. This platform should enable supply chain partners to collaborate in a decentralised, but secure and trust-enabled environment, the handler added.

“Thinking beyond traditional messaging, blockchain could eventually become the new standard allowing us to overcome the chronic lack of transparency, which is typical for fragmented supply chains,” Hendrik Leyssens, head of Global Cargo Operations for Swissport said. “Blockchain could speed up transactions, enhance transaction security and at the same time unlock cost savings.”

Swissport International handles approximately 4.7 million tonnes of air cargo at 133 warehouses world-wide. Several of its warehouses have been certified for pharmaceutical logistics by IATA’s CEIV. With a workforce of 68,000, the world’s leading provider of ground and air cargo services, is active at 315 airports in 50 countries across all five continents. In 2017 the group generated consolidated operating revenue of EUR 2.8 billion.

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Swissport to begin pilot study on blockchain tech
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Swissport to begin pilot study on blockchain tech
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Ground handler, Swissport, is studying the benefits of blockchain for its cargo handling business and will soon begin a pilot phase with Olam, a non-profit foundation, dedicated to developing an open-source blockchain platform for supply chain partners.
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AsiaCargoBuzz.com
AsiaCargoBuzz.com
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