Deloitte, one of the “Big Four” accounting firms, will use the Polkadot-based KILT blockchain to provide logistics and supply chain services specifically for the shipping industry.
Ingo Rube, founder of the KILT protocol, told CoinDesk at the India Blockchain Week conference that Deloitte is collaborating with supply chain technology company Nexxiot to develop a new type of logistics called KYX. He said he would provide the service.
KYX is a combination of “Know Your Client (KYC)” and “Know Your Cargo,” two processes that identify and verify the identity of the customer and the goods shipped, respectively. This system is built on the KILT network.
“Built on KILT, a decentralized and open source solution, allows any business to run on the blockchain without having to deal with crypto assets or have experience with blockchain. “We can create services built around the world,” Luebbe said in a statement.
Shipping giant Hapag-Lloyd will be the first company to implement KYX, followed by telecommunications giant Vodafone. Hapag-Lloyd says approximately 1.5 million containers will be equipped with trackable devices to indicate that the containers are safe and unopened.
According to data, KILT, the native token of the KILT protocol, has appreciated by 2.5% in the past 24 hours.
｜Translation: CoinDesk JAPAN
｜Edited by: Toshihiko Inoue
｜Original text: Deloitte Taps Polkadot Ecosystem’s Kilt Blockchain for Digital Shipping Logistics
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