COSCO SHIPPING First Launch Blockchain-based Paperless Import Cargo Delivery

The digitalized contactless imports pickup solution based on blockchain technology, which was jointly developed by COSCO SHIPPING and Anhui Provincial Port & Shipping Group, was officially launched at Wuhu Port, Anhui Province. After coastal ports including Shanghai, Xiamen, Qingdao, Ningbo, Guangzhou, Tianjin, Wuhu Port has become the first inland port in China to realize blockchain-based paperless import cargo delivery.
 
It is a key initiative of COSCO SHIPPING to actively respond to the integration of Yangtze River Delta, to strengthen the strategic cooperation with Anhui Province, to implement the relevant requirements of the Ministry of Transport on the “clearway program” of port and shipping for imported e-commerce cargo, and to further promote the digitalization of shipping. Taking this opportunity, Wuhu Port succeeded in joining the port and shipping blockchain platform via the blockchain of Shanghai International Port Group (SIPG), and completed the data connection with COSCO SHIPPING.
 
According to the solution, COSCO SHIPPING will implement the blockchain D/O (bill of lading) mode. With the technical characteristics of blockchain, i.e. traceability and reliability, it has realized data connection between different systems and process collaboration and mutual trust between shipping companies and ports, so that the whole operational process is visible, time controllable and risk preventable. In the past, customers had to go back and forth several times to complete the import business process of shipping companies, ports, and other related entities. But now they can go through all the import D/O claim procedures online through just one click. This has greatly saved the time and cost of waiting in line and traveling back and forth.
 
COSCO SHIPPING has taken the lead to realize paperless import cargo delivery at Wuhu Port, which can ensure zero delay of import business for customers and greatly accelerate the emptying of heavy import containers. It can not only help attract cross-border e-commerce import customers with high requirements for timeliness to choose Wuhu Port, but also alleviate the shortage of container resources for foreign trade exports in Anhui Province.
 
Since November 2019, COSCO SHIPPING has been promoting the application of blockchain-based contactless cargo delivery at several domestic ports. Up to now, through the blockchain-based paperless cargo delivery platform, nearly 70,000 TEUs of cargo have been picked up in a contactless and quick way.
 
COSCO SHIPPING will continue to adhere to its "digitalization" strategy, make constant innovation through technological empowerment, strengthen upstream and downstream cooperation in the industry chain, and tap deeper into the potential of intelligent shipping to provide better and more convenient services to customers. 

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