The Australian division of the PwC audit company, the PwC, the Chamber of Commerce and Industry (ACCI) and the Brisbane port, are developing a solution to improve the efficiency of supply chains based on blocking technology, the company said in a press release.
The new solution was called Trade Community System. It eliminates the various “pain points” in the trade sector, in line with the recommendations of the report “A Study on National Priorities in the Field of Freight and Supply”, published by the Government of Australia.
This document lists a number of short-term and long-term priorities designed to support the development of a supply chain strategy for the country as part of its infrastructure plan for 2016.
Currently, the Trade Community System platform is at the stage of proof of concept. It is being tested in Brisbane with the goal of creating an “innovative end-to-end supply chain,” said PwC partner Ben Lannan.
“The platform will digitize the flow of trade information, improve the connectivity of participants in the supply chain, reduce complexity and reduce costs, providing unprecedented productivity growth for international companies in Australia,” he said.
Also in the press release it is noted that trade volumes are growing all over Australia and this trend will continue. In five major ports, about 9 million container shipments are carried out annually. It is expected that by 2025 their number will increase to 15 million.
Recall, in January, the airport administration of Australian Brisbane announced a partnership with the TravelbyBit platform, within which will allow travelers to pay with digital currencies.