• 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 March 17

06:48 Seatrade convicted for trafficking toxic ships

2018 March 16

18:06 Rijkswaterstaat awards Afsluitdijk project to Levvel consortium
17:36 HHLA Container Terminal Burchardkai handles new record ship
17:05 ICS publishes latest Flag State Performance Table
16:51 Vladimir Putin inspected the completed new road section of the Crimean Bridge
16:35 Wison successfully delivers the global largest single cracking furnace module
16:20 GTT announces the end of the test phase of its new LNG brick® technology
16:05 Fincantieri starts building of ultra-luxury cruise ship for Regent Seven Seas Cruises
15:30 Caterpillar Marine announces first European IMO Tier III tugboat
15:03 Throughput of port Kavkaz up 67% to 4.3 million tonnes in 2M’18
14:39 Port of Hamburg proves effectiveness in handling mega-carriers
14:05 Training for port facility security staff arranged in the Dominican Republic
13:42 Multipurpose Reloading Complex takes lead in the industry
13:20 Karachi Shipyards & Engineering Works delivers two Damen Stan Patrol 1605 FRP patrol boats to Pakistan Customs
13:17 Bunker prices continue going down at the port of Novorossiysk, Russia (graph)
12:51 52 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 15-16
12:28 Seaports of Russia’s Azov Sea Basin handled 16.77 million tonnes of cargo in winter 2017-2018, up 63.8% Y-o-Y
12:04 Latin America maritime cooperation centre launched
11:40 Vympel Shipyard laid down second armament support ship of Project 20360М for RF Defence Ministry (photo)
11:15 Vostochny Port JSC develops railway infrastructure under its Phase 3 project (photo)
10:52 IMO joined leading oil spill experts to discuss future issues concerning oil spill preparedness, response and restoration
10:27 Brent Crude futures price down 0.11% to $65.05, Light Sweet Crude – down 0.05% to $61.16
10:09 Panama Canal signs agreement with Association of Soybean and Corn Producers of Mato Grosso
09:48 IMO is looking at safety aspects of on shore power supply to ships
09:34 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,150 points
09:03 Damen unveils Multi Cat Water Injection Dredger

2018 March 15

18:25 CMA CGM announces FAK rates from Asia to the Mediterranean
18:11 ICS releases latest Flag State Performance Table (with new criteria included)
18:05 Fincantieri will cooperate with Barzan Holdings
17:57 Throughput of port Kaliningrad in 2M’18 up 16% Y-o-Y to 2.32 million tonnes
17:35 Second Sanmar Voith Schneider Propeller tug joins sister in Israel
17:20 Throughput of port Vyborg up 19% to 197,800 tonnes in 2M’18
17:05 Seaspan acquires Greater China Intermodal Investments LLC
17:02 MABUX: global bunker market still in 'wait-and-see' mood
16:35 DP World announces strong financial results for 2017
16:16 Throughput of port Vysotsk down 5% to 3.06 million tonnes in 2M’18
16:05 ECSA and WSC call for the revision of the Reporting Formalities Directive to improve the efficiency of maritime transport
15:39 Port of Oakland imports up 14.9 percent in February 2018
15:31 Sanmar orders 42 Rolls-Royce thrusters
15:22 Coastal facilities and hydraulic engineering structures under FNPP project in Chukotka to be completed in August 2019
15:07 Port of Dover awards major contract for new Refrigerated Cargo Terminal
14:33 Yang Ming to launch new Japan-Malaysia-Vietnam direct service
14:11 Throughput of port Primorsk in 2M’18 down 32% Y-o-Y to 7.47 million tonnes
13:50 Throughput of port Ust-Luga up 6% to 16.59 million tonnes in 2M'18
13:25 VARD secures contract for the construction of one fishing vessel for Remøybuen AS
13:12 Throughput of Big Port St. Petersburg up 11% to 9.01 million tonnes in 2M’18
12:30 Paweł Jakubowski appointed as President of Polskie LNG S.A. Management Board
11:45 Freeport of Riga is getting ready for new cruise ship season
11:44 MOL announces delivery of the Beluga Ace, 1st next-generation FLEXIE series car carrier
11:23 34 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 14-15
11:00 Bunker prices are going up at the Far East ports of Russia (graph)
10:38 Marine Recruiting Agency and Corporate University “Norilsk Nickel” take on joint educational project
10:14 Brent Crude futures price up 0.05% to $64.92, Light Sweet Crude – up 0.11% to $61.03
09:49 Arctic Council will gather in Levi, Finland on 22-23 March 2018
09:17 Baltic Dry Index down to 1,169 points

2018 March 14

18:26 Port of Antwerp sets up maritime training institute in Brazil
18:06 Port of Oakland releases a new 5-year strategic plan
17:55 Baltic Workboats delivers ten more 15m Baltic wave piercing pilot boats to Denmark pilots stations
17:36 Fincantieri upgrades ultra-luxury cruise ship Silver Spirit