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Hutchison Ports Mexico to Use Fintech and Blockchain Technology to Improve Overall Efficiency

Hutchison Ports Mexico to Use Fintech and Blockchain Technology to Improve Overall Efficiency

Mexico’s largest port to use dexFreight’s fintech and blockchain-based logistics market network to orchestrate ground transportation and container handling

dexFreight, providers of a blockchain-based logistics market network, announced it has been selected by Hutchison Ports Mexico (HPM) to utilitze its smart contracts and blockchain infrastructure to seamlessly and transparently organize container shipments at port terminals in Mexico.

The program will begin at the port of Veracruz, an inland terminal in Hidalgo and Mexico’s largest port, Lazaro Cardenas with the potential to expand to additional HPM terminals throughout Mexico. It will include customs brokers, shippers, and small to midsize trucking companies for the orchestration of both import and export containers to and from the ports.

With the integration of dexFreight’s logistics market network, HPM customers will now have the ability to:

  • broadcast available loads
  • find and reserve available trucks for shippers and customs brokers
  • onboard carriers
  • access real-time cargo tracking
  • bid, track, and settle invoices

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“Hutchison Ports Mexico’s objective is to provide its customers with a technology solution that adds value to their experience and improves logistics services not only within the ports but beyond the ports as well,” said Jorge Lecona Sr., CEO at ICAVE, a maneuvering company in the Port of Veracruz that is owned by Hutchison Ports. “Container terminals are in a key position to allow complex supply chains to achieve their goals of efficiency and reliability, and make sure that cargo arrives safely, cost-effectively and on time to its inland destinations.

“To achieve this,” continued Lecona, “we need to connect with our customers, know more about their cargo, get a sense of the urgency and cost-sensibility of each individual shipment, and design integral logistics products that best suit their specific needs. That is what we are doing with dexFreight. We are using their revolutionary technology to connect with the users of our terminals, getting to know their specific needs, and helping them to arrange the logistics that best fulfill their requirements.”

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“Our blockchain-based logistics market network is perfect for meeting HPM’s needs for orchestrating container shipments,” said Jim Handoush, president and CEO of dexFreight. “Our modular design and deployment in the cloud allows us to easily deploy globally. Mexico is our first stop, but we plan to be working with many other ports in the near future.”

HPM also plans to explore the further integration of dexFreight with its own proprietary service’s booking and container tracking systems that manage terminal appointments, gate access payments for customers, decentralized finance, among other services.

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[To share your insights with us, please write to sghosh@martechseries.com ]

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