Company K
- A blockchain-based ship reservation system
- Development of a prototype for developing a blockchain-based logistics business model
Delivery Type :
System Integration
System Type :
On Premise
BACKGROUND
- A blockchain consulting project on Company K by the Korea Society of Blockchain
- Application of blockchain to a ship reservation system that was already fully developed to be serviced by Company K
- Verification and adoption of blockchain technology
CHALLENGE
- To devise a way to verify the reservation and authority on ships
- To enable inquiries on addresses of forwarders, shipping companies, etc. by issuing assets that can verify shipping rights(right to load containers on ships) based on blockchain
- To provide a permanent history of changes in documents (transfer of pickup rights, etc.)
- A need to link the list of import loadings of the relay network through the web, and to synchronize the DO changes in the relay network
- Difficulty in enabling integrated management, due to the variety of participating stakeholders
SOLUTION
- Developing a blockchain-based logistics system (Logisview Web)
- Developing smart contracts on container shipping processes – ConDoc (container invoice) to be issued through smart contracts, and transactions to be done based on UTXO
- Saving State by utilizing smart contracts
- Saving as transactions by utilizing blockchain’s SDK
- Saving the history of TimeStamp (Hash) and issuance, distribution, and storage of electronic documents (c-D/O) in the blockchain and storing the history of such operations in the DB
BENEFIT
- Enabled verification of authority through developing a blockchain-based shipping right token issuing system
- Possible creation of a new market in the future based on cryptocurrency through a secondary market
- Creation of highly useful material for promotion and reference for projects