- TLIP is part of the EU-funded MISSION project, focusing on digitizing the maritime sector to reduce port congestion, costs, and greenhouse gas emissions.
- The project, part of the €95.5 billion Horizon Europe program, aims to develop a new digital communication and logistics platform for the maritime industry.
A Voyage Towards Digital Transformation in Maritime Logistics
The Trade and Logistics Information Pipeline (TLIP) is set to play a crucial role in the Horizon Europe project MISSION, a pioneering initiative funded by the European Union. The project, involving a consortium of 30 diverse organizations, has been allocated €7.5 million to drive digital advancements in the maritime sector over the next three and a half years.
Addressing Maritime Sector’s Fragmentation and Environmental Challenges
Maritime transport, a cornerstone of global trade, faces significant challenges stemming from a fragmented information technology landscape. Different actors in the supply chain use myriad IT systems, often operating in silos, leading to inefficiencies and delays. This fragmentation not only disrupts supply chains but also contributes to increased greenhouse gas emissions due to prolonged waiting times at ports.
MISSION aims to address these issues by developing a unified communication and logistics platform. This platform is designed to synchronize ship schedules, optimize planning, coordinate port operations, and orchestrate traffic seamlessly, with the potential to adjust vessel speeds for fuel savings of up to 23% and reduce greenhouse gas emissions.
TLIP’s Integral Role in the MISSION Project
Within the MISSION framework, TLIP’s infrastructure, powered by IOTA’s distributed ledger technology, is pivotal. It ensures secure and auditable data sharing within the complex environment of port operations. TLIP’s contribution is not only critical for data security but also for its interoperability, allowing smooth integration into the European Blockchain Service Infrastructure (EBSI), thus enhancing data-sharing capabilities.
MISSION’s holistic approach covers the entire maritime transport process, including the exchange of real-time information on critical events and optimal routing based on weather data to minimize fuel consumption and CO2 emissions. The collaboration leverages diverse expertise and technologies while adhering to standardization initiatives, ensuring compatibility with existing IT infrastructure.
The integration of TLIP in MISSION, encompassing IOTA Foundation’s commitment to improving global supply chains, signifies a step towards a future where economic prosperity and environmental well-being are in harmony. With the potential integration of AI-driven smart contracts, TLIP is set to enhance responsiveness and compliance within the maritime sector.
As MISSION and TLIP move forward, the team is excited to collaborate with Europe’s finest to shape a unified future for transport and energy. Stay tuned for updates on this transformative journey, as TLIP and MISSION set sail to revolutionize the maritime industry.
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