KoreaTech Today - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTech Today - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home Blockchain

Busan Port City to use Blockchain for Cargo

 1,403 total views,  1 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: December 18, 2018 UPDATED: December 18, 2018
in Blockchain
0
Busan Port City to use Blockchain for Cargo

Blockchain technology will be applied to transferring Busan cargo containers between docks, making delivery convenient and error free.

The Ministry of Science and Information Communication
Technology
and the Ministry of Oceans and Fisheries announced the establishment of a ‘blockchain-based containerization service’ for port logistics.

Busan port ranks second after Singapore as the world’s Number 1 port. Inter Terminal Transportation (ITT) makes up 16% of the total volume of transshipment, making it important to accurately share information between shipping and transportation companies, and terminal operators.

The current method of sharing information is outdated. On top of spending time to validate certificates, frequent document modifications are needed because of missing data and errors.

It is expected that ‘Integrated delivery service between blockchain-based container ports’ will improve current container transshipment work and improve efficiency by storing and sharing necessary information in blockchain when transferring to other docks. This will reduce a 1-2 day process to 1 hour.

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: BlockchainBusanMinistry of Maritime Affairs and FisheriesPort

Related Posts

Samsung developed an easy-to-use blockchain solution that enables Galaxy smartphone owners to use their devices as hardware cryptocurrency wallets.
Blockchain

Samsung Delivers Advanced Galaxy Device Blockchain-Based Security

May 17, 2021
FirmaChain signs strategic partnership with Bluehelix Korea to promote blockchain-based electronic contract technologies and services.
Blockchain

FirmaChain, Bluehelix Collaborate to Develop Blockchain-Based Tech

March 17, 2021
Blockchain-based global electronic contract (E-contract) FirmaChain announces its partnership with DTT Alliance.
Blockchain

Blockchain-Based E-Contract Startup FirmaChain Collaborates with ‘DTT Alliance’

December 4, 2020
Stream Protocol, a blockchain-based platform, said that it would expand its service to solve the problem of revenue distribution within the growing content ecosystem.
Blockchain

Stream Protocol to Expand Revenue Distribution System with Blockchain

July 18, 2020
LG CNS partners with Evernym to develop a blockchain-based digital identification system.
Blockchain

LG CNS Partners with Evernym for Blockchain-Based Identification Tech

May 27, 2020
An employee using LG CNS's "face recognition community currency" system.
AI

LG CNS Introduces AI-Powered Face Recognition Community Currency

April 24, 2020
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • SKT Popularizes Social VR with Ifland Metaverse Platform

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Top 8 South Korean Mobile MMORPG to Watch Out For in 2021

    0 shares
    Share 0 Tweet 0
  • Best Korean Dramas To Watch This 2021

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • LG, Samsung to Reveal Advanced AI-Based Fridges at CES 2020

    0 shares
    Share 0 Tweet 0
  • KT Continues to Accelerate Its ‘Digico’ Transformation

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2022 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |