Busan Port in South Korea will use blockchain to track container transportation

According to Ledger Insights, Busan Port of South Korea announced last week that it plans to launch a new blockchain project after the successful pilot, using the technology to track the movement of containers between ports. In addition to Busan Port, the test project involves five companies in the shipping and transportation sector. The latest project will begin in August and is expected to go into production in October. The participants include Busan New Port, five shipping companies and 10 transportation companies. 5 shipping companies and 10 transportation companies. A representative of the Port Authority said: "After adopting the blockchain-based ITT (inter-terminal transport) system, the Port Authority will continue to improve the logistics process of Busan Port and establish an integrated logistics platform to make container inbound and outbound appointments possible. ”