Dnata hails successful blockchain pilot with aviation partners
Dnata's cargo operations, in conjunction with Emirates Innovation Lab, IBM and flydubai Cargo, has created a new value proposition for cargo service delivery through the use of blockchain technology.
The companies said that this has added value by eliminating redundant data and improve visibility and transparency for all stakeholders. As a result, processes can been more streamlined and simplified right from the origin to the final destination.
flydubai Cargo and dnata, in collaboration with Emirates Innovation Lab and IBM jointly developed a logistics platform in which blockchain infrastructure was implemented for supply chain transactions from a purchase order from the origin to delivery to the Consignee warehouse at its destination.
Through PoC (Proof of Concept), flydubai Cargo, Emirates Innovation Lab and dnata were able to identify issues from various perspectives such as technology, security, operation, legal perspectives, and were able to realise new supply chain services including digitalisation of documents.
“Blockchain technology has great potential to exponentially improve efficiency and transparency of business networks, especially in cargo and logistic flows,” said Neetan Chopra, Senior Vice President - IT Strategic Services, Emirates Group.
“However, neither the technology nor the potential is easy to understand or appreciate. Hence it is imperative to carry out such business experiments and trials so that participants can experience the benefits of breakthrough technologies in a live environment.
“I am delighted with the success of this trial. The Innovation Lab will now work with our partners and stakeholders to prepare the scale out plan of this innovation to the larger cargo ecosystem. "
Dnata said the blockchain technology for its cargo operations is a very secure way to share information between parties.
“It creates a permanent, digital public ledger of transactions which can be shared amongst a distributed network of computers. The sharing possibilities of this technology create endless opportunities for logistics/supply chain applications,” it said in a release.