The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Tesla Test Drives Blockchain Pilot to Accelerate Digital Transformation of the Shipping Industry

by Daily Hodl Staff
April 7, 2020
in Blockchain

Tesla says it’s successfully completed its participation in a blockchain pilot project. The pilot is designed to accelerate the digital transformation of the shipping industry by streamlining the billing process. Tesla joined Cosco Shipping Lines and Shanghai International Port Group as participants. The project, which began in December of last year, was led by CargoSmart Limited, a leading shipment management technology solutions provider.

According to an announcement, the cutting-edge pilot is among the first utilizing blockchain technology to improve procedures for both an ocean carrier that operates a real-time exchange of shipment data and a terminal operator.

The main goal of the pilot was to expedite paperwork, allowing Tesla truckers to pick up their cargo at the Shanghai terminal faster.

In March, CargoSmart enhanced the application to show more details about each shipment, including appointment dates and terminal releases, leveraging blockchain’s ability to facilitate transparent and secure data.

Says Henry Huang, executive deputy general manager of operation at Shanghai International Port Group,

“The pilot is a key component of our journey towards paperless, trusted, and seamless trade processes at the Port of Shanghai, and it demonstrates the benefits for supply chain stakeholders around the world.”

The participants expect more companies to digitally transfer their global supply chains as blockchain-based applications drive value for customers and enterprises.

Wu Yu, general manager of business process and system division at Cosco, adds,

“The pilot with SIPG and CargoSmart showcased significant efficiency gains not only in the cargo release process, but also for downstream supply chain planning by presenting a single source of truth for documentation for all involved parties.”

Tesla delivered the first China-made Model 3s at its Gigafactory 3 plant in Shanghai on December 29, 2019.

l

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • TMNG Tokens Successfully Listed on MEXC Crypto Exchange
    December 1, 2023
  • Sui Surpasses $150 Million in TVL, Showcasing Blistering DeFi Momentum
    November 30, 2023
  • Duelbits Announces Landmark Collaboration With Football Icon Luis Suárez
    November 29, 2023
  • BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints
    November 28, 2023
  • Binance Labs and BNB Chain Open New Founder-Focused Track To Incubate 100 Early-Stage Projects
    November 24, 2023
  • Socrates Launches Groundbreaking Social Media and Entertainment Platform for Web 3.0 Users Globally
    November 23, 2023
  • GCEX Receives Operational VASP License From Dubai’s Virtual Assets Regulatory Authority
    November 22, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$38,825.40
$38,825.40
1.39%
Ethereum
$2,103.37
$2,103.37
1.19%
Cardano
$0.389383
$0.389383
2.36%
XRP
$0.615692
$0.615692
1.44%
Dogecoin
$0.083988
$0.083988
1.32%

Spotlight

  • $100,000 Bitcoin Price Incoming, Predicts Macro Guru Dan Tapiero – Here’s the Timeline
    November 25, 2023
  • Newly Launched Solana-Based Altcoin Could Explode by More Than 880% in 24 Months, According to InvestAnswers
    November 25, 2023
  • Hollywood Director Booked 575% Profit on Dogecoin Bet Funded With Diverted Netflix Budget: Report
    November 25, 2023
  • Bitcoin Surging by up to 960% This Bull Cycle ‘Very Reasonable’, Says Michaël van de Poppe – Here’s His Outlook
    November 25, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2023 The Daily Hodl