Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdf
Block chain technology in pcs
1. How a block chain based cloud computing
system can meet the growing IT needs in
context of port community system.
Presented by:
Mohimenul Islam.
MPSM 3rd batch.
ID: 17212003
2. Port Community System(PCS)
The idea of a PCS is to integrate the electronic flow of trade
related information or documents, which act as a centralized
hub for the dozen major ports along with various
stakeholders like shipping lines, agents, banks, container
freight stations, customs house, custom house agents,
importers, exporters, regulatory agencies, railways,
surveyors, etc.
3. Cloud computing system.
Cloud computing is a general term for the delivery of
hosted services over the internet. Cloud computing
enables companies to consume a compute resource,
such as a virtual machine (VM), storage or an
application, as a utility -- just like electricity -- rather
than having to build and maintain computing
infrastructures in house
4. Port Community System(PCS)
The primary objectives of PCS is to have a centralized web-
based application that can be a single window for port
community stakeholders to electronically, in a secured
format, exchange messages, reduce transaction time as well
as cost, have a paperless or digital system apart from being
a data repository for research and analysis.
6. Definition
A blockchain originally block chain, is a growing list
of records, called blocks, which are linked
using cryptography. A block chain is a distributed ledger
that is completely open to anyone. a system in which a
record of transactions made in bit coin or another crypto
currency are maintained across several computers that
are linked in a peer-to-peer network.
7. Types of Block Chain
Public Block chain.
Private block chain.
Hybrid block chain.
8. How the Block Chain works?
Data
Hash
Hash of the previous block
10. Objective of PCS
Hash : 1Z8F
Previous Hash : 000
Hash : 6BQ1
Previous Hash : 1Z8F
Hash : 3H4Q
Previous Hash : 6BQ1
H62y
Uh that’s not
right
11. Proof of work
Proof-of-Work, or PoW, is the original
consensus algorithm in a Blockchain
network.
In Blockchain, this algorithm is used to
confirm transactions and produce new
blocks to the chain. With PoW, miners
compete against each other to complete
transactions on the network and get
rewarded.
16. Factors in Block chain technology.
Decentralizing of data.
Create trust in data.
No more intermediaries.
17. How shipping industry uses
blockchain.
Most of the shipping transactions involve a big number
of papers, such as sales contracts, charter party
agreements, bills of lading, port documents, letters of
credit and others related with the vessel and the cargo.
All these documents may need to pass through a long
chain of parties since their importance remains high
both for various payments to be effected as well as the
carriage and delivery of the cargo to take place.
18.
19. Using of blockchain by some
countrys ports & shipping
companies
Port of Veracruz in Mexico, which inaugurating block
chain project to improve the safety and security of
freight transportation.
According to DNA India, it is stated that the Port
Community System will use blockchain in order to
assimilate flow of trade information and documents.
Maersk and IBM clearly harbour an intention to lead the
way on blockchain. Not only has Maersk secured the
cooperation of 94 ‘early adopters’, but 234 marine
gateways around the world have also agreed to use the
platform, which will offer real-time access to shipping
data and shipping documents.
20. Spanish City of Valencia to Create
‘Smart Port’ Using Blockchain
"Starting from Valencia, we offer to use blockchain
as a strategic option to provide transparency
of logistic chain, from end to end, going further than
our port itself. That means we're planning to apply
cloud technologies not only with our partners from
Port Community Systems but also with all others."
21. Block chain port community system to
enhance efficiency at Mexican port
The partnership is laid by dexFreight and Texas A&M
Transportation Institute (TTI). It is reportedly the first of its kind
in the Americas
DexFreight will build a web-based solution to be tested by
four stakeholders.
The Port of Veracruz in Growth Mode
22. Abu Dhabi Ports first local entity to test
Block chain Trade Solutions internationally
Silsal project is the first international block chain pilot
testing project in partnership with the Port of Antwerp,
Belgium.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi
Ports, said: “This is an important moment
Research has revealed that distributed ledger
technology such as blockchain could boost trade by
more than $1 trillion in the next 10 years
23. Advantages
Quick processing time and real time updates
Higher accuracy
Full transparency
Increased security
Cost savings
Easier access to market
25. conclusion
The adoption of block chain in the supply chain and
logistics is slow at present because of associated
risks and some port community appear to be skeptical
about this technology, but it is very likely that soon it
will earn the confidence of them and will be spread
through maritime supply chain.