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Jade Logistics makes a blockchain move

Published by WorldCargo News September 13, 2018

Geneva-based CargoChain has developed a cargo information sharing platform that is focused on information sharing though the development of cost effective and rapidly deployable applications, including blockchain. CargoChain was formed out of Jade Logistics, but has been set up as and operates as a separate, independent company.

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“CargoChain’s blockchain solution includes a unique Information Sharing Protocol and deep supply chain functionality that provides the ability to share any type of data, without the restrictions of legacy technology like EDI. The CargoChain Platform also provides tools that allow developers to build and deploy cost-effective applications that solve supply chain problems of any size,” the companies stated.

Tony Davis, Director of Marketing, Jade Logistics Group, explains that all rich cargo information is stored ‘off-chain’ on the CargoChain Platform. “Using Hyperledger Fabric technology, CargoChain stores a hash of all cargo events ‘on-chain’ to their own public blockchain. This approach mitigates the scalability challenges of blockchain when faced with large volumes of rich data, while at the same time providing complete trust in all the information that is stored on the CargoChain Platform.”

Guirec Le Bars, Chief Technology Officer at CargoChain is backing the company to revolutionise supply chain data sharing. “We believe the partnership will revolutionise the way cargo information is shared between global supply chain participants. It will enable the secure distribution of rich cargo information among trusted partners which has previously been unavailable, until now,” he said.

For Jade Logistics, increased collaboration and access to a common set of cargo information are crucial as the logistics industry seeks to drive greater efficiencies and productivity. “With Jade Logistics’ Master Terminal TOS in operation at over 125 terminals worldwide, Jade Logistics and CargoChain are well positioned to play a major role in this exciting new era of global logistics. Both companies will work closely with Jade Logistics’ existing Master Terminal customer base, and their business partners, to assist with their information sharing needs. Initial CargoChain applications are already in development for specific Master Terminal customers as well as pilots for significant supply chain projects.

“As independent players in the industry, Jade Logistics and CargoChain are committed to contributing to a democratised supply chain, that encourages across-the-board collaboration, seamless information sharing, and innovation,” Jade Logistics concluded.

View the original release here on WorldCargo News.

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Breakbulk Americas, 2019

8-10 October 2019, Houston, USA

We will be exhibiting at Breakbulk Americas 2019! Join us at this exciting industry conference and see how the world’s leading TOS for mixed cargo, Master Terminal, is helping ports and terminals around the world manage their cargo needs. We look forward to seeing you there!
Visit us at booth L7.

Break-bulk logistics industry climbing the technology ladder

Hear what Keith McSwain, Jade’s Vice-President of Client Services has to say about the emergence of IT for break bulk logistics businesses.

While technology drives the containerized supply chain and is responsible for stunning efficiencies and cost reduction, it’s another story with breakbulk. Many in the industry continue to resist investing in information technology, even as the needs become more obvious and the benefits become more apparent. But slim margins are warranting a closer look at IT.

Keith McSwain, Jade’s Vice-President of Client Services recently spoke to the American Journal of Transportation about how logistics businesses that handle break bulk are starting to invest greater time and financial resources into IT.

Read the full article here: The other story: IT’s important to breakbulk

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