Europe’s Largest Shipping Port Creates Blockchain Research Lab

Announcements, Blockchain | September 26, 2017 By:

The Port of Rotterdam Authority in Netherlands, in partnership with the municipality of Rotterdam, has opened a blockchain research lab called Blocklab.

Blocklab aims to apply blockchain solutions in energy and logistics sectors. The research lab will explore and develop “concrete applications and solutions” based on the technology. Initial steps include the launch of a blockchain app – developed in partnership with cloud software company Exact and ABN AMRO bank – to assist stock financing in the port logistics sector.

Launching with a core team of five, the research lab will see participation from the Cambridge Innovation Center, an incubator and innovation hub in Rotterdam. Blocklab will also be working with Rotterdam University of Applied Sciences to develop a univesrity curriculum for new blockchain researchers.

The research lab will also explore blockchain in an energy transition project. The Port of Rotterdam said that blockchain allows users to set up a finely meshed decentralised power network, in which companies can trade residual heat and city dwellers can trade electricity.

“There’s this huge buzz about blockchain, but actually, there aren’t that many fully functional applications,” said Maarten Struijvenberg, Rotterdam’s deputy mayor for economic affairs. “We’ll be changing this with BlockLab. This is important, because we need real innovations to launch the next economy. And blockchain can help us realise them.”