Cargo community provider MGI has launched the world’s first cargo community system with integrated blockchain technology.
MGI partnered with electrical systems firm Thales to integrate blockchain into MGI’s Ci5 intelligent cargo system, enabling users to validate statuses of tracked goods through a consortium programme. Where Ci5 previously enabled cargo operators to share and exchange information securely, the implementation of cargo community blockchain technology as a secure validation tool will enable the additional participation of verified third parties, such as banks and insurance companies.