1. Blockchain in maritime sector
Disruption or incremental innovation. Or both?
Dennis Dortland
Portbase
IPCSA
Rome, October 5, 2017

2. Contens Blockchain: Pizza or pasta? Port processes and perspective
Blockchain promises and considerations
Recommendations

3. Blockchain elements Permissioned Proof of stake Public Permissionless
Community voting
Permissionless
Permissioned
Proof of stake
Proof of work
Private
Trusted third party
Public
Mining
Anonymous
Trusted participants
Tokenised

4. Blockchain elements There are many ingredients to choose from
There is no consensus yet on what blockchain is.
Are we talking about pizza or pasta?

5. The Port Perspective Deepsea Port Hinterland
Global and local operators have quite a different view
Ports have a unique mix of global and local perspectives.
Port is focal point for government processes

6. Market developments
Note there is a storing interaction between the Internet of Things and Blockchain

7. Blockchain developments
Integration of logistic and finance processes
Local: i.e. inventory finance
Global: i.e. B/L & LoC digitization
Tracking & tracing
Integral planning
Reduce or prevent congestion
Reduce CO2 emissions
Sensing cargo integrity (IoT)
Cradle-2-cradle goods information
Pilots with customs organisations
We’ve all seen the market announcements
T&T: For Chain / logistic supervisors to manage flow of goods
Cargo condition: reactive and proactive action when conditioning is not adherent to required conditions
Cradle2Cradle: counterfeit

8. Blockchain considerations
Promise
Consideration
No centralized authority needed
Futureproof governance needs to be built-in
All business processes are connected
System integrators or data hubs required to reduce chain connection costs
Data standardization required for maximum process improvement
Smart contract will handle business logic
Core business processes will be handled in core systems
Data access only to those permitted
Authorisation management is not trivial, sometimes just-in-time
Global accepted Identity Management becomes increasingly important
Blockchain is robust to attacks
Private key security and management will become more important
We don’t need to

9. Blockchain considerations
Promise
Consideration
No centralized authority needed
Futureproof governance needs to be built-in
All business processes are connected
System integrators or data hubs required to reduce chain connection costs
Data standardization required for maximum process improvement
Smart contract will handle business logic
Core business processes will be handled in core systems
Data access only to those permitted
Authorisation management is not trivial, sometimes just-in-time
Global accepted Identity Management becomes increasingly important
Blockchain is robust to attacks
Private key security and management will become more important
Leverage existing trusted networks: PCS
Standardized & commoditized port processes
Blockchain oracle for basic port processes
Gateway for local network and global data sources
Bridge different technology adoption levels
Act as a neutral intermediary for b2b and b2g
Provide a level playing field for logistic businesses

10. Conclusion & recommendations
Blockchain offers many promises, best practices are needed
Some applications need external source of trust or governance
Blockchain has evolutionary and revolutionary applications
Revolutionary blockchain applications require standardization for full impact
Ports are pivotal between local and global processes
Leverage existing trusted networks for process harmonisation, integration and governance
In summary, Blockchain is a combination of several ingredients giving a strong set of capabilities
Paradoxally, to be able to implement the “disruptive” aspects applications need to build on incremental improvements, i.e. standardization and trusted networks

11. Thank you!
For questions or comments, please find me at
Rome, October 5, 2017

12. Blockchain in maritime sector
Disruption or incremental innovation. Or both?
Dennis Dortland
Portbase
IPCSA
October 5, 2017