• 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 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy
14:24 Small icebreakers of Project 22740 can be converted to run on LNG
14:05 Cheniere Energy and Cheniere Energy Partners announce definitive merger agreement
13:13 ABB brings efficiency and sustainability through system integration to two new Indian ferries
12:39 Dredging works commenced at the port of Ust-Luga
12:01 ABP Southampton publishes Air Quality Strategy with package of commitments
11:20 Bunker prices are down up at the port of Novorossiysk, Russia (graph)
11:01 Crowley adds 40 ISO tanks
10:45 Yaroslavsky Shipbuilding Plant completed the series of six boom-laying boats
10:31 GTT receives an order from Hyundai Heavy Industries to design the tanks of a new LNG carrier
10:22 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:05 Euroports increases pulp & paper warehousing capacity in Tarragona, Spain
10:00 RF Government expands the list of publicly funded projects in seaports and on IWW of Russia
09:37 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,419 points

2018 June 19

18:06 100 million dollars to link the Nile with Suez Canal Region
17:03 DNV GL partners with the EU and Government of India to bring offshore wind to the Indian market
16:32 CMA CGM deploys its innovative solution for containers tracking, TRAXENS by CMA CGM
16:18 APM Terminals ‘Cool port’ barge service speeds up distribution from Rotterdam
16:02 Multraship acquires an ASD Tug from Med Marine for Terneuzen operations
15:32 Koper remains the most important port for Austria
15:02 CMA CGM announces GRR from East Coast South America to Africa, Gulf and West Coast North of India
14:32 Port of Oakland import volume flat in May 2018
14:25 Europort Romania maintains its position as the premier Black Sea martime event
14:02 British Ports Association comments on new report on Northern ‘Free Ports’ strategy proposal
13:32 Port seeks to double rail volume with Railport Antwerpen
13:02 Rijkswaterstaat awarded Van Oord the contract to dredge Marker Wadden channel
12:32 MOL to make full-scale move into subsea support vessel business by acquiring stake in AKOFS of Norway