The E-TRACC system software platform shall be used by the BOC Piers Inspection Division to track the movement of the cargo that is sealed with the electronic customs seal.
The system, called Freightchain, utilizes a bidding process that allows the shippers to opt for the cheapest plan or the fastest route to transport their cargo. The solution validates the bids using blockchain algorithms.
Without becoming overly dependent on projections, leaders can use data and analytics to envision beyond the pandemic; scanning for opportunities and challenges to consider how they could address a post-crisis world.
Differing from usual epidemiological models that rely on historical data or assumptions, the team used real-time data about actual movements focusing on aggregate population flow rather than individual tracking.
Businesses are organising the working-from-home model. Some procedures need to be adjusted and streamlined so that they can be uploaded to software to support online collaboration and exchange.