YILPORT Holding has announced that it has joined the TradeLens blockchain platform to increase its ability to exchange data and collaborate with other actors in the supply chain.
The port operator has already begun using the technology system, integrating data from the YILPORT Gebze and Gemport Terminals with the blockchain-based platform in July.
Data exchange is carried out via API messages, with six main message types operational between YILPORT and TradeLens: gate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list.
YILPORT says that its ultimate goal is to replace its legacy manual data exchange processes with the near instant data flows enabled by the digital platform.
“By working with TradeLens YILPORT Holding will accelerate the digitisation of global trade for importers and exporters across our network,” said Mark Wootton, YILPORT Holding CIO.
“Modernising the processes through which logistics operates is critical to building more robust and efficient supply chains, which will help with economic development and value creation for all parties.”
The TradeLens blockchain platform was jointly developed by Maersk and IBM to make it easier for supply chain stakeholders to view, control and manage end-to-end container shipping-related data.
All stakeholders in the supply chain, such as shippers, agencies, port operators, customs authorities and financial service providers, can gain permissioned access to data, allowing events along the chain to be tracked in near real time with data directly from the source.
“We are excited to work with YILPORT and its extensive international footprint. Working with innovative ports and terminals we can jointly promote the benefits of a truly global digitally connected supply chain,” said Thomas Sproat, Senior Director Network Development at GTD Solution, the company managing the TradeLens network.
“Earlier visibility of containerised cargo for those managing assets within the supply chain allows for improved yard planning, as well as the ability to offer new services to importers and exporters who rely on ports and terminals as a key element of the global supply chain.”