Two major players in the industry, Deloitte and Hapag-Lloyd, have revealed their plans to utilize the KILT parachain within the Polkadot ecosystem for the purpose of digitally monitoring supply chains and services in the shipping sector. Their collaborative logistics service, named KYX (short for “know your customer” and “know your cargo”), will revolutionize the verification of customer data and facilitate comparisons with the characteristics of the transported goods, even during container transportation.
With the aim of ensuring safety and detecting emergency situations, Hapag-Lloyd will employ the KILT blockchain to meticulously track the movement of over 1.5 million containers.
This recent development follows the previous announcement of expanded cooperation between Polkadot and Deloitte in enhancing the Know Your Customer (KYC) policy. Together, they are determined to innovate and improve the verification processes in various domains.