Even with the news of a few banks dropping out of the familiar R3 consortium, companies are still joining together to explore blockchain technology and its potential uses. The Netherlands is experimenting with the blockchain through a 16-partner consortium. Led by TKI Dinalog, a Dutch Institute for Advanced Logistics, this consortium is looking to explore how distributed ledger technology can advance operations to bolster efficiency and effectiveness, and reduce supply chain footprints.
Partners on this project include TU Delft, Windesheim, the SCF Community, TNO, Centric, Exact, ABN AMRO, SmartPort, Royal FloraHolland, the Port of Rotterdam, FBBasic & Cirmar, BeScope Solutions, NBK, Innopay, and TransFollow. This project is complementary to the public-private initiative to establish a national research institute for Blockchain (working title: Blockchain Core Competence Center), initiated by the Ministry of Economic Affairs.
Johan Pouwelse, Project Manager and Associate Professor at TU Delft, states,
“This project is not about discussing potential, we are actually going to put words into action.”
The consortium has the clear goal of developing three concrete use-cases such as chain financing, supply financing, and circular economics. With the total scale of the project amounting to €2.2 million, this is the first time blockchain technology is being launched with various partners in the logistics chain.
Martijn Siebrand, Supply Chain Finance Programme Manager, sees potential with blockchain experimentation,
“If you ask me, using blockchain technology for the financial routes in logistics is just the beginning. I see this as a stepping stone towards a logistics sector with improved collaboration throughout the entire chain.”
ETHNews will continue with updates and news regarding the new Dutch consortium.