Al-Hamd International Container Terminal (AICT) has become the first inland depot operator in Pakistan to join TradeLens, a blockchain-powered digital container logistics platform.
The terminal, located in Pakistan’s biggest industrial zone (SITE) in Karachi, is responsible for 70% of off-dock trade taking place through the port.
Customers moving import and export cargo through AICT will be able to make use solutions provided on the TradeLens platform such as Electronic Bill of Lading (eBL) and products that offer end-to-end visibility in addition to digital documentation.
The platform, which was developed by Maersk and IBM, brings together data from the entire global supply chain ecosystem, facilitating the replacement of manual and paper-based documentation processes with blockchain-enabled digital solutions.
Ahsan Sarwar executive director at AICT, said: “We strongly believe that this will be a game-changer for our customers, opening opportunities for them to take critical decisions that will help them save cost and manage supply chains with most accuracy.”
Thomas Sproat, head of network development, GTD Solution Inc., and the TradeLens Platform, stated: “With the TradeLens platform, we are providing transit visibility across permissioned stakeholders through the journey of the cargo from origin to destination as well as safe and secure digital documentation.
“AICT has taken the first step and as more carriers, ports, customs authorities, shippers, and other logistics partners join this journey, we will be able to strengthen digitisation and transform the way we do logistics globally.”
The platform now includes more than 300 organisations – encompassing ten ocean carriers and data from more than 600 ports and terminals.
It has already processed 42m container shipments, nearly 2.2bn events and 20m documents. In total, five of the top six global shipping carriers are now integrated onto the platform contributing to the digitisation of documentation and automated workflows.
Aruna Hussain, managing director, Maersk Pakistan, noted: “As more and more partners join the network, the whole logistics ecosystem will start transforming into an efficient system that will benefit everyone involved.
“TradeLens can play a game changing role for the country and has the potential to be an integral part of Pakistan Single Window project.”