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From YouTube: Blockchain Technology Powers Up Intelligent Shipping - Wenjie Xie, ChainNova

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Blockchain Technology Powers Up Intelligent Shipping - Wenjie Xie, ChainNova

As we know, the shipping business, which accounts for 90% of global trade, is developing slowly and is inefficient due to its complex business processes. Today, Jay is going to share something about significant impact that the blockchain exerted in the field of shipping business upgrading and how traditional shipping business modifies its business models as well as transforms by using blockchain to create greater values. In this speech, I will take Chinese largest shipping company’s successful practice case as example to illustrate how the blockchain made a breakthrough in the shipping territory. Such breakthrough involves real-time dynamic information tracking on shipping containers worldwide. By combining with blockchain, the shipping resources are assertized and digitalized， enables putting the logistics as well as trade finance business into practice in a more effective way.

https://sched.co/NrvL

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Good morning I'm so much he knows my name is 70. It's my great honor to give your presentation about the production technology and its application in the shipping industry before the presentation would like to say, thank you to the limits of foundation and say thank you to the organizers for inviting me. We know that.

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We can use the blockchain technology internship industry, the previous speaker, already introduced in the hyper nature fabric. They have made a great contribution to this industry. They were for party in my presentation, the first part ISM, the blockchain industry and the blockchain technology plus the shipping industry.

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The second part is about the work and the exploration of the blockchain application in our industry. The third part is about the practices and cases under the photo parties, the future outlook.

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Last year we already gave a presentation about the DHCP market to background and overview. Today we will give you some highlights. They should be. Industry is an ancient or old industry, but also it's very important industry farmer, the statistics you see that among the global trade, more than 90 percent of the global trade is shipped by sea from the the physical Geographic that holds the vessels or ships and the containers and also the locations and the ones it involves, the different points and locations.

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For example, each day the whole shipping system deals with a huge amount of.

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Containers for.

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Example, China in China. We know that they have fun. The tens of thousands of containers were processed each day, so it involves a many participants and other stakeholders. A whole industry has been committed that you are reducing the cost and with the barriers so that it can promote the shipping industry.

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We will take a look at the shipping.

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Industry challenges.

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Fester challenge Jason the loan with a precise service, a correlation with the multiple steps on the left side. You see the flow chart of the shipping trade, so you can say it involves at least seven or eight stakeholders, including the cargo owners to the banks and many other stakeholders, and also the owners of a shipper ship owners and the insurance. The parties.

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It's also the document and the bills. It involves so much information.

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The whole chain, we think the core is connecting the whole chains of the owners really want to know the status kako under the time of arrival.

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The traditionally the data or the statistics are from the paper or the documents or paper-based.

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Sometimes the information is not well connected and the works. Another challenge is at work disappeared because of so many stakeholders and participants. That's why they are some disputes over the data over all the lack of transparency or.

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Asymmetry of information.

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So the challenge is.

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Master dispute here.

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Are some statistics in the among the maritime cases of litigation, the shipping trade related lawsuit or the cases of occupy more than 80 percent? And the number is growing. So we focus on the cold chain for the fresh food or products with the highest standards and the.

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Challenge is the.

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That means using some digital technology combining with the procurement management inside companies.

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To coordinate different.

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The main targets is true, avoid.

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The information sidle.

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We said there are different stages involved and in different stages. There.

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Digitalization generated.

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Then, how can we connect them.

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To form available chain.

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That the whole process can.

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Be smooth! That's why okay well first stage, and this.

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Is the key point for us to focus for the third stage so that the whole shipping industry can adapt.

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Efficiency better serve the.

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Similarly, we found that when we are performing the projects there, many participants they're still the first stage, which means many of their work. Our studio operate.

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But look into the future. Of course, shipping industry would be digitalized and becoming more intelligence and will adopt more technology is related to a big day timeline to improve the orbiter race.

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That's why each colonization is.

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Unavoidable train these stage.

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Question, in addition to reduce emission and improved energy, consumption, etc, or the technologies that can better improve the.

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For shipping industry.

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Ring the third just second.

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Already a big detail and.

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The are tailored service. How can we.

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Understand the.

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Doctrines role in shipping industry, so here we quickly sum up the core is that, based on blockchains, the.

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Centralization feature.

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Avoid the fabrication inside the.

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As the previous massage system, separate network is or useful and taken.

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The businesses.

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And the order can be attributed.

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Two different strategies recently and the projects released on facebook. It was mentioned as well. We are not fully aiming at the decentralization we want to achieve consensus inside the shipping, which has.

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Similar, you know the mechanism.

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How can this wonderful, new shipping industry, of course, a better management for governments for shipping companies.

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Don't want illegal actions or illegal practices like.

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From the game etc, these are not allowed.

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I want a very effective monitoring.

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Is the data cannot be temperate okay to achieve consensus, various.

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Participants improve.

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Their efficiency for.

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Purchase, how can we make.

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That we can improve the efficiency. This is related to the.

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Can help to trace the data flow.

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We will help well, not all industries, limited shipping industry with.

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Improve our business. Well, when we make prediction, you know we.

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Will use historical.

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Data but the relationship in those historical data and really if they are reliable,.

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Were decisive results.

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First, there's our.

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Largest, shipping.

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Company in China incorporates, with.

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Shipping industry.

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Certificates with.

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This case involves several stages, and the participants in different stages have different levels of technologies, capacity, capacity for productions.

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Using this case, we have get.

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Application of.

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Information based on.

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What did we do? We have project log training in several benchmark. One includes the shipping.

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Shipping companies.

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Many people use.

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Stages are using.

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Companies in upstream and downstream, they can better understand.

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How they can do their business better.

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Awesome the business value because we know how virgin and all the places Jennifer.

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Takes a monitoring example: this is the whole culture of a shaky video right side. You see being a recording in the morning to none for the temperatures.

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Give the alert so for all the participants. Actually, this.

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Is a really and.

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Rest, especially for the Akaka owner.

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Really want to have the view from my shop today, for there is something wrong with the temperature: they won't contact the a shipping company to avoid the consequence and also for the day forwarders they can use.

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Information to reduce the waste, and so insurance companies and the banks, they can also benefit from the information to help way. Some the a financial.

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You know optimization for.

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There is a normally or if there is some, the coop, so damaged and insurance, and when companies account have their judgment of a liability and also use it as the basis of some compensation and also to resolve that dispute.

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Benefit is that about today you visualize your visualized.

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We could, from my shine, that we can happen the targeted money to management and assistance of all their compensation.

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That's not enough, they should prevent this from happening using the intelligent baton, information make sure to prevent their happening of the above-mentioned. The issues of example. We combine the historic data and combine the popular algorithms to help the users with a judgment focus on boys because of the weather conditions or the energy consumption.

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The temperature.

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May have normally only the transportation cycle may be longer, so we can help with the upstream in demonstrate with them the better arrangement of a production.

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Can say that data.

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Can happen the course in real time are going to endanger anteaters part. The anti-tank release.

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Is critical to the shipping companies because all the data can be standardized.

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Sanitization has an effect that all the participants can use the standard approach to the business.

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Each participant can the affair and the environment to develop their business and improve their efficiency.

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For any industry, I believe because.

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The difficulties and lack.

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Of standards, that means everything will go case of my case. It's a more customized, don't worry so it consumes a lot of time as the cost.

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And the protein technology, and with them the genuine, the trustees data, the shipping industry can be sterilized.

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Benefit the digital.

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Transformation, shipping.

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Industry, they are totally digital, is the marketing and the selling service won't be the new normal for this industry in the future. However, there is a still a challenge for.

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The digital eyes, the cost of service.

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Requires at the deep.

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Of the data and the requires the message, data as I said in the previous slide, we need to the standard of a data so that we.

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Really have a very big data ownership industry.

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Especially when the companies in the weaker capability of the information they rely on the information standard and the system we know in China, also in the world, half of the economy is.

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By the small micro companies for them, they really need the standardization urgently. So with them, the data sharing data, transparency and anti tampering feature and the blockchain technology can help attain.

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More companies.

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Summary of the.

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Our illusioned the digitalization. Currently, we would like to help the whole industry.

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The paper-based documents in this industry we have paid attention to the people, needs for long time.

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We haven't gotten the reality of the solution and do not have the value to support the paper, lives, electron, ization and also digitalization. Now we have a blockchain technology. It can provide the point of value to digitalize it and electron eyes it in that way, you can take easily party is precise and others also follow the process. So in this way the business can be easier about the.

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Visualization has been topic in recent years, however, they are still some difficulties and barriers, because the data is a not too connected very well, so the blockchain technology can help with the whole business, to sort out the data, relationship and data correlation, and also the privacy protection and the open features. So the blockchain technology can help the more participants to take part in the business, and this is the data visualization. The benefit is about the disputes and the regulation of human civilization, the regulation, authorities and folder.

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They do not to have the obligation to be responsible for data storage. We know that they, the storage cost, is very high only for the big companies that they are able to have the data storage.

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Retain the data and for the regulation, authorities.

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They are responsible from.

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The data storage.

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Then it's an the it occupies and a lot of social resources, so the blockchain technology plays a role in this regard. If the regulation authorities and use it use the blockchain technology for monitoring and supervise Asian, then there is a very sorry but about the storage, for example. The veto, if you want to verify the transaction, doesn't mean the whole bit account. Data must be a stored. You only need to save the header and the relevant data.

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Data only one in thousands of the old, the Peterkin data. This is also applicable to the regulation authorities so for clarification or validation.

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Of the transaction.

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Or for the check of the genuine business, we do not need to adapt to all of the data. We only need the date, often the Queen's apart, so we all approach L, so this can reduce the burden of a storage. This came through of the efficiency of the.

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Under supervision, the food and weight is about the scalability in the police. Tonight, I will show you the.

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The scalability.

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Is some the future outlook for the technology, application system and API?

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These are something needed by the shipping industry, so the blockchain technology can provide some totally new perspectives in the future is a not a company providing API or data platform instead, based on the blockchain technology and the blockchain network or ecosystem, we work together to maintain data and build the data.

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For about the IOT for our project, we have engaging or have access to a lot of IOT information relating temperature and humidity data, food-related.

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Gps and the trajectory data, all the data goes to each.

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In the future, I.

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It has a very promising.

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Communications.

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Today, if we want to know contain all the contents of the container, we can information system, but it heavily relies on the.

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Routine equivalent, but within our platform of blockchain technology it enables you to know the cargo.

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And it and it uses.

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To have the data storage.

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On the channel about the edge computing, the 5g, they are also emerging technologies. Our also give you.

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Details introduction later the edge of computing, the.

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5 g FG, I believe the biggest benefit is them the a big improvement of the pentavalent. So the.

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Reduction and for the shipping industry, our biggest concern is a new possibility to have a for my sugar to trying to be transmitted the real-time to the edge of computing or to the node together ways on the edge of computing on the edge.

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A so we can have the data processing.

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They are still some technical difficulties in this regard. For example, sensors of the temperature and humidity weather the sensors are capable for signing under the ACT reports. What is in the capability of a data storage so for the edge of compute in the 5g? It can either solution, because the data when the ship's.

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At the port or before that it relies on satellite, we know the satellite transmission cost is very high and limited up and away. When the ship succumbs to the port, the arrive, Jian edge computing technologies, the can be leveraged. The children lead to the data to the system.

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Blockchain technology and the five years, whereas I'm the other computing combined to bring about high.

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Visions of a data processing.

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Every printer factor, safety and reliability.

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Computing clusters: how can we directly deploy network if we can realize that in the future, if it's a feasible, then the whole blockchain technology and have a wider scope of application? You may have done some projects projects in the past. The project is in the unit of a company or in the unit of appliances for blockchain Network. We also use a fabric for each organization. This day our notes are deployed in the machine room of a media organization, but in the future it may be put into the actual clusters.

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Each edge clusters have the peers of organization to compose the blockchain network adapters and.

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Something we are trying.

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Is also hot topic based on the tight end and the industrial application, we can many financial services. This is about natural blockchain technology. It has been talked a lot in FinTech within the data. The banks can be assisted with the credit information and the long way, and also the factory business and the receivables financing.

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So this is the application also that we in the financial.

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Industries, which can.

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Reduce their risk control, that is, an application pace of the shipping industry and.

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And the introduction of our company we are in specialized in the Alliance a chain and the blockchain technology. We have the cooperation. Wizard have allied to the hyper nature. We are the also the original member of Appalachia and also work together with a I, say, T and MIT.

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Have many cooperation with our company and IBM r3 with Beijing University? We have research institutes.

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These research institutes is trying to provide service.

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The service previously.

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We also release solution to.

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Also ready successively.

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Of the few companies that can provide a.

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Notional, stuff, like this.

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We first with the tracing and.

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Then now shipping.

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Which part we are also working on D the.

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Auditing system.

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We believe these are areas.

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And if you have.

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But in fact these are not industry-standard sperm or that a guide asked for the application.

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Rogers, making.

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Finger transfer easily so with the.

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Standards there.

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Will be guidance.

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In shipping industry we.

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Standards for data.

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So that they can change information based on this.

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Are cooperative efficiency.

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If you follow such a standardization and since the blockchain display those information.

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Transparently,.

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Benefits those.

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Having those benefits participants.

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Toward that direction, these.

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Has been proved if.

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We have a very fair mean media based on the doctrine. People will be more willing to share information.

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Is my question? Dis is smaller for us.

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Question the second.

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Question is that.

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About the second question is, could you repeat it.

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Like you mean multiple choice,.

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For the coverage change, yes, we pay attention to.

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That huge 100 million years inside blockchain there are different books or just like multiple systems connection it was like before there is.

C

You do with that problem, but by using the balding these.

B

Information of honey remember and we are researching.

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How the private rings.

B

C

It's not related to technology.

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Because I occurred.

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To me, the private training can use architecture that can naturally connect with other changes.

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But it's the more related to the business like.

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Can we reduce the cost and improve the efficiency to what extent so.

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C

The question that we are working on right now.

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As doesn't know, oh.

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What is Diwali.

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Is the matter? Yes, you mentioned about nine.

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Companies, they form.

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The employers are.

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All the companies directly participate in that process.

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Clarify it is not done by us.

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Ets is not with high volume.

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Dtbs' is around.

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Ts, which is sufficient and.

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There are many solutions.

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Micro change or can use multi channels.

B

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To use martini organizations, party networks.

B

It's an isolated, cetera.

C

Who you so these are solutions in the future. Warfare will certainly develop without the limitation.

B

Posed by the yes today,.

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We talk about efficiency, about high latency, due to multiple participants, the effects there are many solutions for TBS.

B

C

We can refer to usually.

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Existing technologies due to.

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The limitations only we.

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Can talk offline thank.

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