ABN AMRO (AS:ABNd), one of the largest banks in the Netherlands, has launched a blockchain pilot aimed to bring new efficiencies to container-based international trade.

For the project, the bank has partnered with Samsung (KS:005930) SDS, the logistics and IT arm of consumer tech giant Samsung, and the Port of Rotterdam, according to a press release dated Oct. 19.

Using a blockchain system, the partners ultimately intend to move away from the current paper documentation surrounding international container shipments, including payments and administration.

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