Technology

Kuehne + Nagel Integrates Blockchain Technology with their VGM Portal

Kuehne + Nagel Integrates Blockchain Technology with their VGM Portal
Logistics Manager

Switzerland-based global transport and logistics company, Kuehne + Nagel has for the first time leveraged the benefits of blockchain technology in a large scale operational environment with 800,000 transactions per month along with upgrading their well-established VGM Portal.

Kuehne + Nagel can now offer shippers an enhanced solution that provides new features that improve the ease of doing business coupled with a transparency on the VGM status of all customer shipments.

Adding to blockchain’s natural features of immutability and traceability, Kuehne + Nagel devised and designed the solution to strictly fulfil industry requirements of data privacy and confidentiality.

Chief Information Officer for Kuehne + Nagel International AG, Martin Kolbe explained, “The list of promises related to the use of blockchain in the logistics industry is long, but actual real-world applications are hard to find. The Kuehne + Nagel VGM Portal solution jointly developed by our sea freight experts and our IT team allows us to get a true hands-on experience with blockchain technology in an on-premise production environment and with a high number of transactions. Our customers benefit from a tamper-proof solution for information exchange with third parties with improved efficiency and higher transparency. Kuehne + Nagel engages in a number of blockchain projects with customers, suppliers and governmental bodies addressing industry challenges in various domains, as the full potential of blockchain can only be exploited when collaboratively working together with business partners. Our involvement in a consortium engaged in the digitalization of bill of ladings for sea freight is the best example. Operating the VGM Portal on blockchain in an operational high volume environment delivers valuable learnings and expertise for the development of joint blockchain applications.”

In 2016 Kuehne + Nagel launched the first version of their VGM Portal, giving shippers a convenient solution for filing their VGM declarations. Now, with the integration of blockchain technology, further facilitation of the data exchanges between the different partners can be achieved.

Technology

More in Technology

Kontainers Announces Free Online Digital Forwarder Solution

Danny GillJuly 15, 2019

Zebra Unveils Their Latest Mobile Technologies

rungpisitJuly 12, 2019
Rotterdam Receives First-Ever Blockchain Container

Rotterdam Receives First-Ever Blockchain Container

Logistics ManagerJuly 8, 2019
Kalmar Teams Up to Build Wireless Digitization Infrastructure for Port and Terminal R&D

Kalmar Teams Up to Build Wireless Digitization Infrastructure for Port and Terminal R&D

Danny GillJuly 5, 2019

ONE Joins TradeLens Blockchain-Enabled Digital Shipping Platform

Danny GillJuly 3, 2019

DHL Launches New Platform to Accelerate Industry-wide Digitalization

Danny GillJune 28, 2019
K Line Install Automated Kite System - Seawing

“K” Line Install Automated Kite System – Seawing

Logistics ManagerJune 12, 2019

CMA CGM Order 50,000 Traxens Trackers

Danny GillMay 27, 2019

DSV’s New Supply Chain Service Uses Data to Predict and Improve

Danny GillMay 17, 2019
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