[230120.EN.SEA] MSC Fully Backs Block Chain to Increase Supply Chain Traceability

THE Mediterranean Shipping Co (MSC) was at the forefront of discussions on block chain technology at the Geneva Block Chain Congress at Palexpo that attracted 1,000 participants from 30 countries.

With a focus on sustainability, the event aimed to promote constructive discussions between international standard-setting bodies, national governments that create legal frameworks, and private-sector companies.

MSC participated in the event for the first time to explain how block chain technology is set to transform the container shipping by boosting traceability and visibility, as it creates a ledger of all documents which cannot be altered once they are added to a platform, and can be shared by all parties.

Mac’s chief digital and information officer took part in a workshop, entitled "Together by Blockchaining the Supply Chains."

Another MSC speaker, Laurent Audaz, head of insurances, legal and claims also took to the stage to discuss, "Block chain & ID Technology in the Illicit-Trade & Counterfeiting Fight."

Entitled "Block chain to Shape the Future of Container Shipping," Andre Samna’s speech includes insight on how enabled-enabled instantly available information makes it easier to view and manage shipments, documents and transactions along the supply chain.

He also highlighted how smart containers and enabled can be combined to achieve paperless operations and reach unprecedented levels of efficiency and traceability.

Laurent Audaz participated in a roundtable discussion with a short presentation entitled, "Enabled to Fight Illicit-Trade and Counterfeiting at Sea." He emphasised the serious risks posed by illicit trade for shipping lines like MSC and highlighted how digitisation and block chaining of the whole supply chain will help tackle the issue of cargo misdeclaration by adding security and safety.

Source : HKSG.