Thessaloniki Port Authority – Adopts blockchain technology

Thessaloniki Port Authority is the first Greek port to adopt “blockchain” technology through integration with TradeLens, a digital logistics platform supported by five of the six largest shipping companies in the world, according to a relevant announcement.

As mentioned in its announcement, Thessaloniki Port Authority focuses on the transformation of the Port of Thessaloniki into a “smart port” through smart technologies for the digitization of systems, in order to provide innovative and high quality services with simplified procedures, creating added value for the wider port community.

As Thessaloniki Port Authority is the main Sea Gateway to Southeastern, Central and Eastern Europe, the detailed visibility of container movements becomes a very important factor. The TradeLens platform promotes the efficient, transparent and secure exchange of information, in order to strengthen cooperation and trust in the global supply chain. It provides visibility across the supply chain and relies on a wealth of industry information, including direct integration with more than 180 ports and terminals, 15+ customs authorities worldwide and a growing number of combined transport providers.

Integration

The integration of Thessaloniki Port Authority on the TradeLens platform, significantly improves the management of resources and container storage space by utilizing information previously provided by partners, while simplifying and reducing the cost of connection to each individual shipping line and the wider port community. The conversion of manual, bureaucratic and time-consuming administrative processes into digital processes optimizes and accelerates the decision-making process for OLTH SA. and its associated ecosystems.

The Executive Chairman of the Board of Thessaloniki Port Authority,  Thanos Liagos, stated: “The use of the TradeLens platform contributes to the increase of the operational efficiency, through the better visibility of the container flows with multiple modes of transport, while at the same time it improves the impact on the climate change. The integration in the TradeLens platform is a big step forward for Thessaloniki Port Authority , in order to lead the change in the combined transport sector in Greece, pioneering in the digitization of the supply chain of Southeastern Europe.”

Thomas Sproat, Senior Director of Network Development, said: “TradeLens is an open and neutral platform that aims to digitize and connect the global supply ecosystem. We are excited to add Thessaloniki Port Authority (the 1st Greek Port – Container Station) in the TradeLens ecosystem, as we have an important partner in Greece and Southeastern Europe to provide efficient container handling from start to finish, thus helping our common customers to reduce the total cost of shipping .