Anheuser-Busch Owner Pilots Blockchain for Shipping

The parent company of beer maker Anheuser-Busch has taken part in a blockchain pilot in a bid to test the tech for global shipping uses.

AccessTimeIconMar 15, 2018 at 4:00 a.m. UTC
Updated Sep 13, 2021 at 7:41 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The parent company of beer maker Anheuser-Busch has taken part in a blockchain pilot in a bid to test the tech for global shipping uses.

The company is part of a wider blockchain consortium that experimented with technology developed by consultancy firm Accenture. Other participants included shipping container firm APL, logistics company Kuehne+Nagel, and an unnamed European customs organization.

The pilot saw the companies involved use Accenture's solution for 12 real-world shipments, all of which were sent to a different jurisdiction that each carried its own particular regulatory requirements. The results "confirmed that blockchain can reduce operating costs and increase supply chain visibility," according to Accenture.

Danillo Figueiredo, vice president of international logistics for AB InBev:

"We continually evaluate new technologies and innovations to enhance our operations to meet consumer needs and deliver the freshest beer. Blockchain technology will be transformational to our business and the world. It reduces mistakes, digitizes information and improves the supply chain process so we can focus on our core business of brewing the best beers for consumers."

The pilot marks the latest effort to shift from a traditionally paper-based process to a wholly digitized one, using the tech as part of an effort to streamline the data-sharing process between different stakeholders.

Among the companies that have pursued similar applications are the Japanese shipping firm Mitsui OSK Lines, announced a partnership with IBM in a proof-of-concept that looks to streamline the global trade flow.

Last year, the Danish shipping giant Maersk completed its first live blockchain trial. Like Mitsui OSK, Maersk also worked with IBM, levering the open-source Fabric blockchain software.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.