Pairpoint, Vodafone and Sumitomo Corporation’s Economy of Things business, and Deloitte and Nexxiot have joined forces to offer digital services that speed up the flow of goods worldwide. The new service will automatically verify the provenance of data on the movement and content of cargo, allowing companies to improve freight handling whilst complying with trade laws. This will lead to faster customs and port authority clearance and expedite the digital transformation of the logistics sector.
The partnership combines the Pairpoint digital asset broker (DAB) platform, which among other things can improve the provenance of data relating to the routes and contents of shipping containers, with KYX, a new service comprising Deloitte’s Know Your Client and Know Your Cargo services, and Nexxiot’s freight solutions, including smart connected sensors. The KYX solution is the result of a recent partnership by Deloitte and Nexxiot, which specialises in enabling the autonomous collection of asset data to optimise the costs in moving freight, including shipping containers and railcars.
“Through this collaboration, we aim to offer significant advantages to stakeholders in the logistics sector by promoting surety and provenance of data in the shipping industry,” said Jorge Bento, the chief executive of Pairpoint. “Our goal is to enhance the efficiency of maritime logistics and streamline goods clearing customs and ports without introducing additional risk.”
Helena Lisachuk, the global IoT lead at Deloitte, added, “We are dedicated to establishing green lanes to minimise disruptions for cargo in global transit. Achieving this requires close collaboration with port authorities and engagement with global and regional justice organisations. Applying Nexxiot’s and Pairpoint’s technology and knowledge to enable real-time monitoring and door-related event tracking, along with Deloitte’s expertise– offers new mechanisms to monitor data integrity during cargo movements.”
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