NYK joins "Consortium to develop trade data sharing platform using blockchain technology"

Posted by Daily Shipping Times on 12-09-2017        Tweet

TOKYO: NYK participated in the “Consortium to develop trade data sharing platform using blockchain technology,” formed by NTT DATA Corporation (headquarters: Koto-ku, Tokyo, President & CEO: Toshio Iwamoto). The consortium is comprised of 14 companies from various sectors involved in trade-related business including banking, insurance, integrated logistics, import and export, and others.

Trade procedures are time-consuming, as exchange of paper-based documents is required. This consortium aims to streamline processes for trade data sharing between verticals and businesses using blockchain technology. It is the very first consortium ever launched in Japan that transcends across diverse industries in trade-related business.

NYK Group joined the consortium for blockchain technology concerning that it has a potential to be the plat-form of logistics supply chain and it will result in improving our service in future. NYK Business Systems Co., Ltd. (headquarters: Chuo-ku, Tokyo, President: Tetsuji Madarame), an NYK Group company which oversees NYK Group’s information technology, will also actively cooperate with this consortium.

NYK Group will continue to collaborate with parties of various fields, and proactively apply information and communication technology (ICT) including IoT and big data in shipping operations, in order to meet the demands of customers and society for safe, economical, and environmentally friendly shipping operations.