BLOCKCHAIN IN SUPPLY CHAIN
MANAGEMENT: FAD OR POTENTIAL?

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ABOUT
XENETA
At Xeneta we believe there is an untapped
potential for everyone in the industry, to
systematically learn from our individual
and collective efforts. We hold true that "if
you cannot measure it, you cannot improve
it". That’s why we think actionable metrics
is the key to continuously evolve for every
business, and ultimately the entire industry.
Rethinking global logistics is the vision of
Xeneta.
With international experience from the
logistics industry, we have first-hand
knowledge of the challenges related to high
volatility and lack of transparency in the
ocean freight market. By combining
logistics background and information
technology expertise, we found the solution
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS

ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.

SECURITY, TRANSPARENCY OF
MOVEMENT THROUGHOUT THE
SUPPLY CHAIN AND
ELECTRONICALLY INITIATING
AND ENFORCING CONTRACTS,
ARE VITAL FOR SUCCESSFUL
SUPPLY CHAINS. BLOCKCHAIN
TECHNOLOGY IS IS
FACILITATING VISIBILITY AND
EFFICIENCY IN TRANSACTION IN
VARIOUS INDUSTRIES.

IN OUR LATEST SURVEY, WE ASKED IF
BLOCKCHAIN TECHNOLOGY WILL
HELP EASE AND MAKE
ADMININSTRATION WORK IN SCM
MORE EFFICIENT.

“DO YOU EXPECT BLOCKCHAIN
TECHNOLOGIES TO REGULATE
AND SIMPLIFY ADMINISTRATIVE
WORK IN SHIPPING AND
LOGISTICS/SUPPLY CHAIN
MANAGEMENT?”

THE RESULTS WERE AS FOLLOWS: 72%
OF RESPONDENTS SAID "YES" WHILE
20% WERE "NOT SURE" AND 8%
NOTED "NO".

“I DO EXPECT BLOCKCHAIN TO SIMPLIFY
ADMINISTRATIVE TASKS, BUT MORE
IMPORTANTLY BELIEVE IT WILL SERVE
TO SIMPLIFY THE PROCESS OF
MANAGING SHIPMENT INFORMATION
AND THE FINANCIAL TRANSACTIONS
INVOLVED WITH TRADE.”
KENNETH KOWAL, @LOGISTICSTEK

UNKNOWN. THE PRODUCT AND
FINANCE SUPPLY CHAINS RUN
PARALLEL. THERE IS NO LINK OR
INTEGRATION. WILL BLOCKCHAIN BE
THAT FIRST STEP TO INTEGRATION? AS
LONG AS THE TWO SUPPLY CHAINS ARE
SEPARATE, THEN IDEAS AS TO SIMPLIFY
MAY BE PREMATURE.
@LTDManagement

ANOTHER INDUSTRY EXAMPLE WAS PROVIDED BY
@NAMENODE5 WHO SUGGESTED WE LOOK INTO WHAT IBM IS
DOING WITH THE COTTON INDUSTRY. WE DID AND THANK YOU
@NAMENODE, IT IS INDEED INTERESTING!
LAST MONTH, THE SEAM, A COMMODITIES TRADING AND
AGRIBUSINESS SOFTWARE PROVIDER, ANNOUNCED IT WOULD
FORM A BLOCKCHAIN CONSORTIUM FOR THE GLOBAL COTTON
INDUSTRY. THE GROUP PLANS TO WORK WITH IBM TO CREATE
A SUPPLY CHAIN AND TRADING ECOSYSTEM.

GUIDE TO OCEAN FREIGHT PRICING
TRANSPARENCY
DOWNLOAD
OUR WEBINAR

BLOCKCHAIN AND THE OCEAN
FREIGHT MARKET

MAERSK IS EXPLORING
WAYS BLOCKCHAIN
TECHNOLOGY CAN
IMPROVE OPERATIONS
INVOLVING
PAPER-BASED BILLS OF
LADING. THE COMPANY
WAS INVOLVED IN A
PROOF OF CONCEPT
WITH BLOCKCHAIN
EXPERTISE FROM THE IT
UNIVERSITY OF
COPENHAGEN, AIMED TO
REPLACE THE
TRADITIONAL BILL OF
LADING.

ADDITIONAL
READING
XENETA SOURCES: CAPACITY
PULL ON ASIA-EUROPE
WESTBOUND POST CNY
CLICK TO
READ

ACCORDING TO IBTIMES.COM, IN
THE CASE OF CONTAINER
SHIPPING WHERE THERE IS
OVERCAPACITY AND THE
PAPERWORK PROCESSING IS
MORE COSTLY THAN SHIPPING
THE CONTAINER, THE MARGINS
ARE SLIM.

ANOTHER EXAMPLE WITH THE OCEAN FREIGHT MARKET IS
MARINE TRANSPORT INTERNATIONAL (MTI) WHO IS USING
BLOCKCHAIN TECHNOLOGY FOR SHARING VERIFIED GROSS
MASS (VGM) INFORMATION FOR CONTAINER WEIGHING
IT’S STILL EARLY TO TELL HOW REALLY USEFUL BLOCKCHAIN
TECHNOLOGY WILL BE. EVEN THE RESEARCH FIRM, GARTNER,
SEEMS A BIT SKEPTICAL.
GARTNER ANALYSTS BELIEVE THAT MANY OF THE SOLUTIONS
CURRENTLY BEING DEVELOPED USING BLOCKCHAIN
TECHNOLOGY COULD BE DONE USING EXISTING, TESTED AND
PROVEN SYSTEMS SUCH AS RELATIONAL DATABASES HOSTED
IN A CLOUD.

LEARN HOW XENETA CAN HELP
YOU GET INSIGHT INTO YOUR
GLOBAL OCEAN FREIGHT PRICES.
REQUEST
DEMO NOW

THERE ARE STILL MANY FACTORS THAT WILL
NEED TO GO INTO THE APPLICATION. MORE
IMPORTANTLY IT'S GETTING PEOPLE ON
BOARD. HOWEVER, IF YOU CAN GET THE
ACCEPTANCE IT CAN BE A PROMISING
MECHANISM FOR DATA MANAGEMENT
AND/OR RECORD KEEPING
@DHALVORSONBUSH FROM AMERICAN EAGLE
LOGISTICS