Port Authority Of Valencia To Create Smart Port Using Blockchain Tech

Blockchain, Innovation, News | October 5, 2018 By:

The Port Authority of Valencia (PAV) is planning to use blockchain and big data technologies to create a “smart port.”

The PAV is the public body responsible for running and managing three state-owned ports along an 80 kilometer stretch of the Mediterranean coast in Eastern Spain: Valencia, Sagunto and Gandia. The authority’s mission is to sustainably promote the external competitiveness of the business community in Valenciaport’s area of influence by providing quality, competitively-priced port, shipping, intermodal and logistics infrastructures and services which are aligned with European transport policies.

During the Smart Ports & Supply Chain Technologies conference held in Rotterdam earlier this week, Jose Garcia de la Guía, head of new technologies of the APV, said that blockchain is a great option for improving the logistics in Valencia and international ports.

“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,” de la Guía said. “That means we’re planning to apply cloud technologies not only with our partners from Port Community Systems but also with all others.”

De la Guía added that by applying blockchain, the PAV could create ports without papers that would optimize the resources globally, reduce time spent on development, and cut maintenance costs.

Supply chain and logistics are considered as fertile ground for a blockchain implementation due to the lack of trust that usually characterize the industry. Blockchain enables rights to be transferred from one party to another in a secure way that cannot be challenged. This is one of the major reasons why logistics and supply chain projects with a blockchain component keeps increasing. Some of the port operators and firms that are currently exploring blockchain to improve logistics include Associated British Ports (ABP), tech giant IBM, Danish shipping giant Maersk, Belgium’s port of Antwerp, the Netherlands’ Port of Rotterdam Authority, and logistics company Kuehne + Nagel.