IBM Blockchain Finishes Shipment of Mandarin Oranges for Trial Tracking from China to Singapore
The discussion of using blockchain technology to track shipments in the food industry and the logistics industry has been prevalent as the technology evolves. IBM Blockchain decided to take on a trial with Pacific International Lines, involving an electronic Bill of Lading. This bill is basically just an invoice that tracks the product, much in the same way that blockchains already do, so why not combine them? According to The Block, that is exactly what happened.
Now, there are oranges on the blockchain. There are not a few or a bunch of oranges, but 3,000 cartons of oranges, weighing in at 28 tons. An IBM spokesperson said,
“Companies that ship perishable items like mandarin oranges require efficient document processing and expedited cargo clearing for delivery to help shorten overall shipping time, which in turn reduces risks for retailers and provides fresher options to consumers,”
wrote an IBM spokesperson.
“However, current processes mean that shipments of oranges from China can take up to seven days for the transfer of critical shipping documents and ultimately, the cargo.”
The typical process for the pilot involved takes up to 7 days of administrative work. However, this adjustment makes it possible to perform the same activities within a second. The participant in this orange shipment was not just any company, but Hupco Pte Ltd, which imports mandarin oranges. CEO Tay Khiam Back said,
“We are delighted with the outcome of the trial. By using the e-BL, we have seen how the entire shipment process can be simplified and made more transparent with considerable cost savings.”
The transaction shipped the mandarin oranges from China to Singapore, and the blockchain technology is not just helpful for seeing exactly where these oranges travel. It offers tamper-proof details about the dates and locations that the product traveled, putting the company at a lessened risk for fraud.
Lisa Teo, who works as the Executive Director of Pacific International Lines, said,
“To-date, we have received very positive feedback from the industry and authorities, and we are enthused by the possibilities of how our blockchain developments can transform and inject a much-needed boost in efficiency and innovation into the industry.”
Last year, Walmart participated in IBM’s new Food Trust blockchain, upon going live.