A Blockchain Model for Less Container Load Operations in China

Abstract

In recent years, with the growth of international trade and development of economies, the volume of container throughput at China's ports has grown rapidly. Yet, the business process for the Less Container Load (LCL) transport industry in most ports of China still remain complicated and inefficient. In this article, the authors see numerous opportunities for process improvement by integrating the information among the various actors using the blockchain concept. In this paper, the authors propose to build a LCL Export Platform (LEP) using the blockchain concept to optimize the LCL operations for international trading, by integrating and sharing information among forwarder agencies and their clients.