TOYOTA TSUSHO CORPORATION
Toyota Tsusho Corporation ('Toyota Tsusho') announced today that it will offer BunkerNote ('this Service')--the industry's first cloud service that centrally manages orders for bunkering and marine lubricants using blockchain technology*--to companies operating coastal trading vessels, fuel suppliers, and companies operating bunkering vessels starting from June 2021.
Amid the rising necessity for workstyle reforms and the building of non-contact and non-face-to-face logistics systems toward productivity improvement and the maintenance and strengthening of international competitiveness, the delay of digitalization in the bunkering industry has become an issue. In Japan, there remains commercial practices such as the placing of orders via telephone or facsimile and the creation of delivery notes by hand onboard ships. A lot of time is therefore required to process documents and verify coherence.
The introduction of this Service allows online processing of everything from the placing of orders for fuel to the confirmation of deliveries and the issuance and receipt of invoices. Relevant parties are able to share progress in real time, and tasks that have been necessary so far--such as the sending and storage of documents, verifying the coherence of information, and transfer of data by manual entry--will no longer be needed. This allows significant reduction in the time taken for work related to bunkering orders. In addition, data integrity is guaranteed by using blockchains to register information of transactions regarding bunkering orders.
Toyota Tsusho is one of the leading Japanese companies in terms of bunkering sales volume with many years of achievements in this field. Together with contributing toward productivity improvement in the maritime industry through the offering of this Service, Toyota Tsusho will also deploy services for ocean trading vessels and undertake the development and provision of peripheral services centered on the management of bunkering orders.
This Service was recognized today under the plan of Japan's Ministry of Land, Infrastructure, Transport and Tourism aimed at encouraging the introduction of advanced ships with better safety and efficiency through the utilization of information technology and big data.
* This is a technology for maintaining accurate transaction history by using encryption technology to link transaction history stretching into the past up like a chain. Information is not centrally managed using a specific server but is instead distributed across user terminals connected via a network through which it is shared and managed. This allows the prevention of electronic information manipulation as well as damage or loss of such information due to server malfunction.
Service name
| BunkerNote | |
Service scope
| Central management of: orders for bunkering, marine lubricants, and shipboard items; delivery records; and invoice information | |
Recommended environment
| App for registration of delivery records: iPad (running latest version of iOS) Web browser: Google Chrome (latest version) | |
Price
| Companies operating coastal trading vessels and fuel suppliers | Companies operating bunkering vessels |
JPY 50,000 monthly (an additional fee of JPY 500 for each transaction when monthly transactions exceed 50 cases) Free |
Free* * An iPad is required separately. Plans are available for compensation of loss and rental with accessories. | |
Commencement
| June 2021 (planned) |
Before introduction
After introduction
Attachments
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Disclaimer
Toyota Tsusho Corporation published this content on 02 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 March 2021 05:04:08 UTC.
