ABN Amro is working with Dutch university TU Delft and a host of other partners to test the use of blockchain technology in the logistics sector.
The TKI Dinalog project will see the partners spend two years designing, developing, and implementing what they call a new information infrastructure that is rooted in blockchain technology that connects operational information, financial flows and contracts.
Programme manager, supply chain finance, Martijn Siebrand, say: “We are applying blockchain technology to the financial routes in logistics. But that’s just the start. I can see this development culminate in the logistics sector of the future, more coherent and smooth all across the chain.”