Yesterday (Thursday) saw the launch by the Port of Rotterdam Authority and the Municipality of Rotterdam of a field lab for the development of applications and solutions based on blockchain technology called “BlockLab”.
One of the first projects presented during the official opening was a blockchain application for stock financing in the port logistics sector.
“I’m also thinking of the numerous applications that can be realised within logistics chains thanks to blockchain, allowing us to organise cargo flows more efficiently,” said port authority president and CEO, Allard Castelein.
According to the port authority, blockchain technology allows users to conduct transactions without involving a third party.
“Data technology guarantees the necessary checks and balances and ensures that the transaction is processed automatically,” added Castelein. “This makes it possible to structure large-scale networks, chains and markets far more efficiently than before – without the need for a dominant, regulating party.”
