Thailand Brings Blockchain to its Ports

BitNautic
BitNautic
Sep 12 · 2 min read

The Thai Customs Division intends to use the IBM TradeLens Blockchain solution to track shipments to Thai ports. The country plans to use blockchain based logistics system for enhanced operations, according to an announcement posted on the official website of Thai Customs on August 28.

Additionally, the local Bangkok Post news agency announced the next day that the platform is designed to streamline operations by managing tracking shipments and exchanging information.

The TradeLens platform is a combined project of transport giant AP Moller-Maersk and IBM. The decision to take over in the country would be part of a broader modernization initiative in favor of Thailand 4.0. The new system will digitize previous paper-based shipping processes, which should provide immediate and unalterable data.

Patama Chantaruck, vice president of expansion for Indochina and managing director of IBM Thailand, expects the system to benefit stakeholders in the global logistics ecosystem.

Chantaruck believes that TradeLens will send the shipping data to the customs authorities as soon as the containers leave the port of origin, which will allow more time to prepare for the receipt of shipments and carry out fraud and counterfeit checks. The system will first be set up in the port of Laem Chabang in Chon Buri, then in the port of Bangkok.

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    BitNautic

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    BitNautic

    BitNautic is a Decentralized Shipping and Cargo platform based on Blockchain Technology. https://www.bitnautic.io

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