Efficiencies in warehouse and logistics companies are often hampered when static operational data from different sources are combined to plan operations and in particular for customs special procedures:
ChainLabs business case is the “Virtual Free Zone” project which aims to demonstrate the benefits of combining real-time data, from the Internet of Things (IoT), with Industrial Systems, and HMRC Systems in an integrated blockchain backed platform. This will not only enable up-to-date informed decisions to be made but also provide immutable proof of fiscal and regulatory compliance.
The project will build a demonstration platform — “TradeRiver”, which integrates IoT, operational and declaration data taken from logistics, warehousing and customs operations.
The demonstration Integration Platform, developed by the project, will ingest and integrate data coming from IoT-based sources (Truck Management Systems), Industrial Systems (Warehouse Management System ) and HMRC Systems (CHIEF, CDS and NSTC). The Integration Platform can serve the integrated IoT+operational +HMRC data to any member of the blockchain network via the Distributed Ledger and Blockchain.
The Virtual Free Zone project proposes to carry out several industrial studies to demonstrate the application of the Integration Platform to actual customs special procedures to validate the the reality of Virtual Free Zones.
The case studies will aim to show that IoT data can be seamlessly integrated with existing industrial and customs data for efficiency gains and demonstrate the reality of Virtual Free Zones backed by blockchain technology.
About Innovative Integrations
Innovative Integrations helps visionary companies come together to transform the way their industries work with the help of Intelligent IoT and Blockchain Technology. From small suppliers that are becoming safer, smarter and more profitable to extensive supply chains freeing themselves from legacy processes and paperwork, we are helping to build smart business networks in a new era of data integration, collaboration and innovation.
About Ethel® IoT Framework
Innovative Integrations uses its proprietary IoT Framework Ethel® to build secure Blockchain-based IoT Platforms for the future economy. Our mission is to enable pioneering companies to securely extract new value from an increasingly connected machine economy. We offer innovative ways to utilise IoT through our security by design technology and customised solutions, operating across industry verticals of the Industrial Internet Of Things, Automotive, Supply Chain, Mobility and Logistics.
ChainLabs creates commercial use cases for blockchain-backed IoT platforms with an international consortia, proof of concepts and experiments with start ups and the wider developer community. We involve ourselves with leading UK universities through joint research initiatives and bring IoT-Blockchain applications to the supply chain and logistics industry both in the UK and around the globe.