As part of a joint initiative, logistics specialists from Austria want, among other things, to digitise the transport documents in the first project. They will use blockchain technology for this purpose.
A new initiative of Austrian logistics companies is to automate several million processes a year, which will save millions of sheets of paper. Editel Austria, GS1 Austria, DB Schenker, Lkw Walter, the Austrian Federal Logistics Association (Bundesvereinigung Logistik Österreich, or BVL for short) and the Vienna University of Economics and Business take part in the project at the outset, informs the German transport portal verkehrsrundschau.de. More partners are to join the initiative later.
The aim of the Austrian logistics specialists is to implement a pilot project to verify the benefits of blockchain technology for transport and logistics.
First, digitisation of documents
The first step for Austrians will be the digitisation of transport documents. Participants of the initiative are currently analysing a solution based on blockchain technology. According to them, it should ensure continuous access and further processing of documents at all times and for all participants in the process. According to the estimates of the participants, automation in Austria would cover around 75 million processes at the logistics companies there each year and save 12 million sheets of paper.
According to Gregor Herzog, CEO of GS1 Austria, “this technology (blockchain – editorial note) for data storage has a breakthrough potential for logistics and supply chain management”.
The pilot phase after the analysis is due to start in 2019.