TBSx3 Launches Blockchain Consortium with DB Schenker and DP World to Protect Global Supply Chains

The participants will use blockchain architecture developed by Australia-based TBSx3 to combat the global counterfeit goods industry, protect global supply chains and ultimately help companies restore consumer trust in supply chains.

By ·

Logistic and supply chain giants DP World Australia and DB Schenker have announced the creation of a consortium, facilitated by blockchain startup TBSx3, using blockchain technology.

According to spokesmen, the participants will use blockchain architecture developed by Australia-based TBSx3 to combat the global counterfeit goods industry, protect global supply chains and ultimately help companies restore consumer trust in supply chains.

The alliance tested and utilized technology developed by TBSx3 to complete one of the largest blockchain trials to secure cargo across a global supply chain in Q2 2017, which tracked the distribution of wines from Coonawarra, South Australia to the port of Qingdao in northeastern China.

By collaborating with the Australian branches of DB Schenker and DP World, the fifth largest container port operator globally, TBSx3 maintains that is positioned to be a “world player” in providing blockchain-based global supply chain strategies.

TBSx3 formed the consortium after the successful completion of one of the largest blockchain trials to secure cargo across the global supply chain in May 2017, which tracked the distribution of wines from Coonawarra, South Australia to the port of Qingdao in northeastern China. The trial was verified by KPMG.

The trial used TBSx3’s blockchain logistics platform, which aims to defeat the threats of counterfeits through three layers of protection: cryptographic certainty, logistics tracking backed by artificial intelligence and the immutability of blockchain technology.

“Blockchain technology opens new possibilities for industry co-operation. Our aim with forming this alliance is to reignite trust in every link in the supply chain and create a more transparent, ethical ecosystem of international trade,” said Pieter Vandevelde, Chief Revenue Officer of TBSx3.

In an interview, he added: “We are willing to do business with anyone serious about ridding the world of fake products and protecting consumer trust.”


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

All Topics
Latest Whitepaper
Logistics Network Analysis
Logistics network monitoring is an important step in understanding what actually occurs throughout your supply chain.
Download Today!
From the January 2018 Logistics Management Magazine Issue
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and the most successful shippers will be those that are able to mitigate their impact on profitability. And, the right technology will play an increasingly vital role in driving efficiencies across the global logistics network.
The Future of Retail Distribution
Navigating the Reverse Supply Chain for Connected Devices
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
IAM, IoT and the Connected Supply Chain
There are three primary models of Identity and Access Management (IAM) technology that CTOs, CSOs, and Supply Chain executives are using to enhance their trading partner communities. While each leverages IAM and the IoT as core components only an “Outside-in” approach truly connects people, systems and things reliably and securely across the supply chain.
Register Today!
EDITORS' PICKS
State of Global Logistics: Delivering above and beyond
Industry experts agree that costs across all sectors worldwide will continue to rise in 2018, and...
2018 Rate Outlook: Economic Expansion, Pushing Rates Skyward
Trade and transport analysts see rates rising across all modes in accordance with continued...

Building the NextGen Supply Chain: Keeping pace with the digital economy
Peerless Media’s 2017 Virtual Summit shows how creating a data-rich ecosystem can eliminate...
2017 NASSTRAC Shipper of the Year: Mallinckrodt; Mastering and managing complexity
An inside look at how a large pharmaceutical firm transformed its vendor and supplier relationships...