Blockchain and big data technologies will be used to create a “smart port” in Valencia, Spain. This became known at the Smart Ports & Supply Chain Technologies conference held in Rotterdam on October 3.
Jose Garcia De La Guia, who is responsible for implementing new technologies in the Port Authority of Valencia, explained that they consider Blockchain as a good option for improving logistics not only in Valencia but also in many international ports.
"Starting from Valencia, we offer to use Blockchain as a strategic option to provide transparency of logistic chain, from end to end, going further than our port itself. That means we're planning to apply cloud technologies not only with our partners from Port Community Systems but also with all others," he said.
Gia noted that the distributed ledger technology (DLT) improves logistics: reduces paper use, reduces maintenance time and, as a result, reduces overall costs. DLT’s consistency and transparency ensure an uninterrupted supply chain and facilitate product tracking at each stage of the supply.
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