Dnata, flydubai to use blockchain for cargo

Successfully completes a proof of concept with IBM

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.

This has added value by eliminating redundant data and improve visibility and transparency for all stakeholders. As a result, processes can be more streamlined and simplified right from the origin to the final destination.

“The successful use of blockchain technology means greater security, efficiency and cost savings to customers,” Kevin Ennis, Vice-President Commercial and Business Development for Dnata’s UAE Cargo Operations, said in a statement yesterday.

Blockchain technology is a secure, public electronic ledger and peer-to-peer network that can be managed autonomously to exchange information between different parties. In cargo, for example, much of the process is traditionally paper-based, which requires multiple signoffs by inspectors and receivers before goods can be delivered. Even when the system is electronic, it still requires multiple sign-offs, creating a lengthy administrative process, the company said.

Amr Refaat, General Manager, IBM Middle East & Pakistan, said blockchain technology is bringing a new meaning to the cargo and logistics industry’s value chain.