BPA Enhances Busan Port Transshipment Competitiveness... Launches Blockchain-Based Transshipment Monitoring System

Busan Port Authority (BPA, President Kang Jun-seok) showcased Port-i at the 2024 Blockchain Specialized Cluster Project Performance Sharing Meeting held on the 20th, hosted by the Ministry of Science and ICT, Korea Internet & Security Agency, Busan City, and Busan Technopark.

Officials are taking a commemorative photo at the 2024 Blockchain Specialized Cluster Development Project Performance Sharing Meeting. Photo by BPA

Port-i is a blockchain-based transshipment monitoring system developed to enable customers to handle transshipment cargo quickly and easily at Busan Port, the world's second-largest transshipment port.

This year, BPA led the development of the platform as the general and demand institution after its project, "Establishment of a Real-time Information Sharing Platform for Maritime Port Logistics Based on Blockchain," submitted to Busan Technopark's "2024 Regional Specialized Industry Convergence Blockchain Joint Project," was selected as a designated task.

A BPA official expressed gratitude, stating, “With the full support and cooperation of the project’s leading organizations, Busan City and Busan Technopark, we were able to focus solely on system development and build a highly complete system in a short period.” He added, “We plan to continue advancing Port-i to contribute to Busan City’s position and capabilities as a blockchain specialized cluster.”

At this performance sharing meeting, BPA explained the system’s background, implementation details, key features, expected effects, and future plans, emphasizing enhanced convenience primarily for shipping companies using Busan Port.

The system’s main features include ▲ship monitoring and anomaly detection ▲cargo monitoring and anomaly detection ▲integrated berth scheduling for all Busan Port terminals (10 in total). Through these services, shipping companies are expected to process transshipment cargo timely, increasing ship loading rates and generating additional revenue.

Jin Gyu-ho, BPA’s Head of Management Division, stated, “Port-i is a system that supports shipping companies, terminals, and transport operators to transship easily and efficiently at Busan Port. We expect it to further strengthen the competitiveness of Busan Port, the world’s second-largest transshipment port.”

This content was produced with the assistance of AI translation services.