• 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 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year
17:27 Final cruise ship for the year calls to the Port of Gothenburg
17:23 The MV Magda joins the Klaveness Bulkhandling pool
17:16 India’s containerised export up 10% in the third quarter of 2018
17:13 FSL Trust announces newbuilding agreement for the construction of two LR2 product tankers
17:13 Havyard project with Havila Kystruten on hydrogen-powered coastal route operations to receive over NOK 100 million in funding from Pilot-E
16:24 World Fuel Services expands bunker operations in US leading up to 2020
15:57 IMO held training workshops in Cameroon Single Window for Foreign Trade Transactions
14:49 Onezhsky Shipyard lays down self-propelled hopper barge of Project HB600
14:08 Irish Continental Group plc takes delivery of cruise ferry W.B.Yeats
13:55 WMU takes part in Ocean Literacy Conference
13:31 First in industry ADNOC co-loads LPG and propylene onto same vessel in Ruwais
13:10 WMU hosted round table discussion regarding key challenges facing IMO
12:53 Bunker market at the Port of Saint-Petersburg, Russia shows mixed price movements (graph)
12:32 Nordic American Offshore secures contract for its PSV NAO Viking
12:11 Rosrybolovstvo supports 2nd Dredging and Hydraulic Engineering Structures Congress
11:50 Association of Commercial Sea Ports celebrates its 30th anniversary
11:24 Gazprom and Itochu sign MoU under Baltic LNG project
11:06 Scorpio Bulkers announces time charter-out agreement
10:48 Domestic ferry safety exercise conducted in Indonesia
10:25 IMO holds training for managing insecurity in west Indian Ocean and Gulf of Aden
10:06 EC adds six new yards to its ‘European List of ship recycling facilities’
09:47 Brent Crude futures price down 0.61% to $61.05, Light Sweet Crude – down 0.4% to $52.37
09:25 GTT notified by HSHI for the tank design of two new LNG carriers for CMM
09:18 Baltic Dry Index is up to 1,365 points
08:06 Fincantieri publishes its Sustainability Plan 2018-2022
07:14 Port of Long Beach cargo volume up to 621,835 TEU in November 2018
06:09 Mitsubishi Shipbuilding holds christening ceremony for LPG carrier "LAUREL PRIME"

2018 December 13

18:43 Coal exports via Rosterminalugol hit 19-millionth tonne mark
18:28 Port of Kaliningrad throughput in Jan-Nov rose 4% to nearly 13 million tonnes
18:25 Tideway completes installation of longest AC offshore wind export cable at Hornsea One in the UK
17:49 Hapag-Lloyd to cancel calls at Port of Bremerhaven
17:25 Building of Johan Sverdrup Phase II begins
17:19 Port of Vyborg 11-month cargo volumes soar 24% to 1.72 million tonnes
17:13 Seabridge first in Belgium to receive the SCA certificate
17:08 Jan De Nul cleans up polluted beaches along the coast in southern France
17:07 Bunker fuel prices at Far Eastern ports close the week lower
17:00 Murmansk Region will improve water safety regulations – Marina Kovtun
16:47 Port of Vysotsk cargo volume in Jan-Nov rises 6% to 16.86 million tonnes
16:36 Maersk Broker Bulk Chartering and NAODAN Chartering
16:30 Murmansk Region Governor is a member of revised State Commission for Arctic Development Issues
16:26 YILPORT Holding wins Port Operator Award at Lloyd’s List Global Awards
16:03 Rosmorport releases RFPs for design of an DF 12/14MW icebreaker
15:49 Jotun and Kansai Paint build relationship to meet marine and protective demand
15:46 Baltic Sea Ports Authority icebreakers assist merchant vessels in the Gulf of Finland
15:21 Containerships receives its first LNG-powered container vessel
14:44 Uncertainty lingers in fuel markets despite OPEC cuts
14:17 Maersk Line receives Containership Operator of the Year award
14:13 Iran-Indonesia to develop port cooperation
13:22 NOIA: U.S. territories need the Offshore Wind for Territories Act
13:12 QPS inks first "Green Loan" with BNP Paribas
12:48 Panama Canal signs agreement with Brazil's Port of Itaqui
12:32 Port of Ust-Luga throughput in Jan-Nov drops 4% to 90.27 million tonnes (updates)
11:34 Port of St. Petersburg eleven-month volume rises 11% to 54.15 million tonnes (updated)
11:06 Nonius Engineering to join the 6th International Forum of Dredging Companies as its sponsor and speaker
10:16 Crude oil futures gain to $ 60,44 (Brent) and $ 51,32 (WTI)
09:07 Baltic Dry Index down 0.81% to 1353 points