• 2018 March 7 10:00

    Alfa-Bank is ready for adjusting blockchain technology for transport industry

    Alfa-Bank sees prospects for the development of blockchain solutions in transport industry including the segment of wholesale logistics, Denis Dodon, Head of Center for Innovations Research & Development, Alfa-Bank, told IAA PortNews. 

    According to him, blockchain is efficient for optimization of interaction in B2B networks with a large number of contractors (cargo owners, shippers, ports container and stevedoring companies).
     
    “Specific feature of water freight transportation is quite complicated logistic processes. Cargo can be delivered to the port by open-top rail cars and transshipped to vessels. That involves a number of related services like forwarding and loading/unloading performed by different companies. 

    Blockchain is able to prevent delays at any stage: information about implementation of each phase of the supply chain is passed to the next one. If accepted, the contract is performed automatically. That creates a transparent medium allowing for immediate information exchange between the interacting parties and for contract performance”, explained Denis Dodon. 

    “We are currently looking into development of joint partnership solutions for the segment of wholesale logistics and are ready for adjusting of ready blockchain solutions developed together with S7 Airlines”, said Alfa-Bank representative. 

    When speaking at the conference “How blockchain technology helps to increase a business' value”, organized by Forbes Russia, Denis Dodon presented cases of blockchain technology introduction and told about the joint work with S7. 

    “Blockchain technology allows for real-time tying of sales and payments ensuring 24/7 value exchange between real bank accounts. We see that in the case of Alfa-Bank and S7 with transparent interaction between agents, airline and those buying tickets. It is important that the project is implemented in the existing legal framework, so blockchain is already applicable for optimization of business processes in Russia”, Denis Dodon said at the conference. 

    The importance of this technology is in its ability to help clients be more competitive. Blockchain lets decrease the cost of the service and ensure its 24/7 availability. With BigData, implementation of smart contracts under the defined algorithm allows for considerable improvement of the service offered by clients to buyers. 

    Besides, blockchain helps reduce operational costs through cancellation of unnecessary and overlapping phases of the process. 

    “Experience has shown that clients hardly know the cost of their business processes. Algorithmization makes them reconsider the roles and functions of all parties involved in the contract, reveal ‘bottlenecks’ and make interaction more transparent”, Alfa-Bank speaker shares the experience. 

    Alfa-Bank is one of the pioneers in the development of blockchain technology for businesses in Russia. In December 2016, Alfa-Bank and S7 Airlines made the first credit transaction in Russia through smart contracts. 

    In 2017, Alfa-Bank took up the leading position in introduction of blockchain solutions for optimization of business processes. Among the projects of Alfa-Bank is the Russia’s first-ever pilot blockchain payment transaction (jointly with MegaFon and Sberbank), blockchain solution for trading automation (with S7), open platform for verification of supplies in factoring (with M.Video and Sberbank Factoring). 

    Alfa-Bank has an experience of developing its own products based on different platforms including Ethereum, HyperLedgerFabric, Cyber FT. The company has also been working on expansion of its pool of partners. 

    Alfa Bank is about to join the R3 blockchain consortium. It is also participating in the development of Masterchain, national blockchain platform.

    Related links:

    Blockchain logistics >>>>

    Morsviazsputnik and Qiwi Blockchain Technology signed cooperation agreement (photo) >>>>




2018 September 24

09:21 Freeport of Riga’s project on construction of Krievu Island Terminal enters its final phase
09:00 Vice Premier Han Zheng inspected COSCO-PSA terminal in Singapore
08:14 International maritime community reaffirms cooperation in the Straits of Malacca and Singapore

2018 September 23

10:47 DEME unveils innovative nodule collector pre-prototype ‘Patania II’
10:33 Global Ship Lease secures additional charter coverage and adds Maersk Line to charterer portfolio
10:30 Hapag-Lloyd announces rates from Latin America to North Europe and South Europe

2018 September 21

18:06 Forth Ports wins prestigious award for community work
17:44 NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons
17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia