Sunday, June 22, 2025
Home News Blockchain tech the foundation for SIPG and Ant smart ports JV

Blockchain tech the foundation for SIPG and Ant smart ports JV

Shanghai International Port Group (SIPG) and Alibaba’s finance offshoot Ant Group have signed an agreement to develop smart ports.

Both groups have agreed to build a blockchain-based port and shipping ecosystem, tapping on digital financial services. Specifically, SIPG, which operates all public container terminals in Shanghai, will provide a platform that supports collaboration between the upstream and downstream supply chain. The interconnection of the port and shipping network will jointly promote the development of the blockchain-based port and shipping ecosystem.

China’s first publicly listed port operator SIPG has links to over 300 ports worldwide. In 2019, its container throughput totalled 43.3 million TEU, and Shanghai has been the world’s busiest container port for a decade.

Shippers, freight forwarders, customs clearance agents and other parties along the supply chain all work within port communities. Security concerns are inherent in these multi-party transactions and SIPG is looking at blockchain technology, which is expected to reshape international trade and logistics, to build trust.

SIPG chairman Gu Jinshan said that SIPG and Ant Group will carry out in-depth co-operation on the application of blockchain technology, with the eventual goal of improving service standards at Shanghai port.

Ant Group vice-president Jiang Guofei said that the group has worked with partners to overcome trust issues in more than 50 possible transaction types.

“Through applying blockchain technologies, the strong co-operation between SIPG and Ant Group will become a milestone and new paradigm for the digital upgrade of global smart ports,” he added.

Martina Li
Asia Correspondent





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!