Pairpoint, Vodafone, and Sumitomo Corporation’s Economy of Things business, along with Deloitte and Nexxiot, have formed a strategic alliance to provide digital services that streamline global cargo movement. This innovative solution will authenticate data on cargo movement and contents, enabling companies to enhance freight handling efficiency while adhering to trade regulations. The collaboration will facilitate quicker customs clearance and port authority processes, accelerating the digital transformation of the logistics industry.

The partnership integrates the Pairpoint digital asset broker (DAB) platform, which enhances data credibility concerning shipping container routes and contents, with KYX, a new service combining Deloitte’s Know Your Client and Know Your Cargo services, as well as Nexxiot’s smart connected sensor technology. The KYX solution is the outcome of Deloitte and Nexxiot’s recent partnership, which focuses on automating asset data collection to optimize freight movement costs for shipping containers and railcars.

Jorge Bento, the CEO of Pairpoint, stated, “Through this collaboration, we aim to deliver significant benefits to stakeholders in the logistics sector by ensuring data authenticity in the shipping industry. Our objective is to improve maritime logistics efficiency and expedite cargo clearing customs and ports without introducing additional risks.”

Helena Lisachuk, Deloitte’s Global IoT Lead, commented, “We are committed to establishing green lanes to minimize disruptions for cargo in global transit. This goal necessitates close cooperation with port authorities and engagement with global and regional regulatory bodies. By leveraging Nexxiot and Pairpoint technologies for real-time monitoring and door-related event tracking, in combination with Deloitte’s expertise, we introduce new mechanisms to monitor data integrity during cargo movements.”

Share your thoughts on this article via Twitter: @IoTNow_