Technology Watch: Blockchain and the Cross-border Multi-modal Cargo Logistics Chains

3 August 2024 Technology Watch: Blockchain and the Cross-border Multi-modal Cargo Logistics Chains Background One of the primary reasons for In the intricate tapestry of modern the indispensability of multimodal global trade, cross-border multimodal transportation lies in its ability to cargo transportation stands as a crucial unlock new markets for businesses. [...] movement of cargo across diverse modes and borders can be a challenge, As the complex logistics world leading to a lack of visibility and continues to evolve, the importance potential for delays or loss. [...] of intermodal terminals and the The complexities of dealing with different 2 CMEC Policy Brief # 3 Figure 1: Hierarchy of Blockchain for Port Supply Chain Source : Article in Business Model- The Perspectives of Systems Thinking and Innovation -Open access. [...] Through to the insurance industry.4 The first of the use of blockchain technology, its kind in the insurance industry, the documents like certificates of origin platform goes beyond insurance, aiming and phytosanitary certif icates are to utilize the benefits of blockchain transferred, while the process itself for end-to-end applications across the is automated using ‘Smart Contracts’. [...] CMEC at RIS seeks to integrate the stakeholders towards the realization of India’s Maritime Amritkaal Vision (MAKV-2047) and the Maritime India Vision (MIV-2030) of the Government of India.