Technology

DHL and Accenture Develop Blockchain for the Logistics Sector

DHL and Accenture Develop Blockchain for the Logistics Sector
Logistics Manager

DHL in cooperation with Global Technology Consultant, Accenture have released a trend report on the potential to transform the logistics sector using blockchain technology.

The report gives details on of a working prototype designed and developed by both companies that has the ability to track pharmaceuticals from their place of origin through to the end user consumer negating the possibility of any errors or tampering.

DHL Customer Solutions & Innovation Senior Vice President, Matthias Heutger said, “The experiments with blockchain in finance are well known, but we believe logistics is an area where the new technology will have a truly profound impact,” he further added,  “Implementing productive solutions, however, will require further technological development and, critically, collaboration between all stakeholders.”

The blockchain is a new system using a digital database to authenticate, record and maintain transactions and their accompanying data.

DHL Supply Chain CIO Chief, Keith Turner said, “We see especially exciting potential for blockchain in pharmaceuticals, which is why we focused our proof of concept with Accenture on the life sciences and healthcare industry, by utilizing the inherent irrefutability within blockchain technologies, we can make great strides in highlighting tampering, reducing the risk of counterfeits and actually saving lives.”

Interpol has reported that as many as one million people die each year due to fake medications and that nearly 30% of all pharmaceutical products sold in developing markets are counterfeit.

This joint venture allows both DHL and Accenture to track pharmaceuticals throughout the supply chain by using blockchain-based serialization prototype with nodes in six geographies. Recent Lab-simulations have shown impressive results with more than seven billion unique serial numbers and 1,500 transactions per second being handled by the blockchain system.

DHL client team leader and Accenture lead for the travel and transportation industry, Andreas Baier said, “We’ve worked closely with DHL to understand and document the broad impact blockchain will have on supply chains of the future,”

“Using a common, indelible and secure ledger, the industry can achieve much higher safety standards – from the factory to the patient – at much lower cost. This is one of several opportunities blockchain affords to restructure business processes while reducing cost and complexity.”

More in Technology

One of the world’s biggest logistics companies, Kuwait headquartered Agility, recently announced a major new investment of $100 million over three years to develop and launch Shipa.com. The new digital platform will allow businesses, entrepreneurs and consumers to manage their freight, e-commerce, and urban deliveries online. Chairwoman for Agility, Henadi Al-Saleh said, “Shipa.com makes life easier through technology, whether you are a small business running your supply chain with a few clicks, or a consumer getting your shopping delivered with a few taps on your phone, Shipa.com makes logistics convenient, jargon-free, trackable, accountable and accessible.” Shipa.com will provide the following services: Shipa Freight that will allow small businesses to get instant and transparent freight quotes along with the ability to book, pay and track ocean and air shipments around the world on any mobile or another digital device. Shipa E-commerce enables online merchant’s access to the world’s most complex and fastest growing e-commerce networks. The service will integrate freight, fulfilment, delivery and returns solutions throughout the Arabian Gulf, along with additional reach in Africa and Europe planned for the future. Shipa Delivery will provide businesses and consumers with on-demand same-day, next-day or cross-border delivery across the whole region of Arabian Gulf. Al-Saleh added, “Logistics is the backbone of commerce. But it’s complex, and that complexity is disproportionately difficult for small businesses to navigate. Small businesses often lack access to the logistics resources, tools and solutions that larger businesses have,” “No wonder then, that we interviewed 800 small and medium-sized businesses around the world, we found that 78% wanted to see their logistics move online. Shipa helps close that gap, empowering small businesses to take advantage of the opportunities being created by the global digital economy.” Considered by Al-Saleh as the innovation arm of Agility, Shipa.com will hasten the introduction of technology, development of new digital products. Al-Saleh concluded, “Shipa.com is the marriage of Agility’s logistics expertise and resources and the digital-first capabilities of the Shipa platform. It offers enormous value for our customers and brings new value to our company.”

Agility Invest $100M to Develop and Launch Shipa Digital Platform

Logistics ManagerDecember 13, 2018
E2open Acquire INTTRA to Create a Unified Network

E2open Acquire INTTRA to Create a Unified Network

Logistics ManagerOctober 30, 2018
KPMG Thailand Partners UiPath to Provide Customers Robotic Process Automation (RPA)

KPMG Thailand Partners UiPath to Provide Customers Robotic Process Automation

Logistics ManagerOctober 5, 2018
XPO Logistics to Install 5,000 Intelligent Robots in North America and Europe

XPO Logistics to Install 5,000 Intelligent Robots in North America and Europe

Logistics ManagerOctober 5, 2018
HHLA and MAN begin Hamburg TruckPilot Project

HHLA and MAN Begin Hamburg TruckPilot Project

Logistics ManagerOctober 5, 2018
Kuehne + Nagel Integrates Blockchain Technology with their VGM Portal

Kuehne + Nagel Integrates Blockchain Technology with their VGM Portal

Logistics ManagerSeptember 20, 2018
CargoSmart to Simplify Shipping Documentation with New Blockchain Initiative

CargoSmart to Simplify Shipping Documentation with New Blockchain Initiative

Logistics ManagerJuly 24, 2018
Kalmar to develop World's First Digitalized Zero Emission Solution for Yara Birkeland

Kalmar to Develop World’s First Digitalized Zero Emission Solution for Yara Birkeland

Logistics ManagerMay 28, 2018
Siemens to Acquire Software Framework Provider J2 innovations

Siemens to Acquire Software Framework Provider J2 Innovations

Logistics ManagerMay 24, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version