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Indiaexportnews.com

DPW, DB Schenker, Hamburg Sud pull off Oz-China blockchain trial

  14.06.2017    

DP World Australia, DB Schenker, Hamburg Sud and wine producer IUS have successfully completed a joint blockchain trial on an 8,100-kilometre road and sea supply chain from the Coonawarra region of South Australia to the port of Qingdao in China.
The technology, dubbed TBSx3, uses military-grade 44 alphanumeric character security cryptography instead of the usual six-digit public cryptography, reported American Shipper.
TBSx3 research teams in Sydney and Beijing monitored the trial progress and custodial changes in order to develop consumer protocols to verify products are genuine throughout the supply chain process.
Audit and advisory firm KPMG was acting advisor for the trial and verified the custodial handovers for the integrity of the product while also simulating the customer at the end of the trial by receiving, validating the product and checking if the system could potentially detect duplicates, according to DP World Australia.
The partners involved in the trial between Australia and China were necessary to test "every custodial link in global supply chains and also verification protocols for both bulk product and individual items for retailers and consumers at the end of the chain," said TBSx3's chairman Anthony Bertini.
"In terms of the numbers of partners simultaneously involved and the challenges posed for resolution of integration with multiple existing proprietary security systems we believe this can be developed to become a new security benchmark," said Mr Bertini.



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