Hong Kong to expand Port Community System with blockchain cargo tracking

Over 8,000 enterprises have registered with the system since its launch this year.

Hong Kong will expand its Port Community System and Partner Port Network, following the announcement of the city’s first Five-Year Plan for Economic and Social Development on 16 September.

More than 8,000 enterprises have registered with the Port Community System since its rollout this year.

Following more than 20 successful applications for trade finance using trusted cargo-flow data, the government will further develop offshore trade-cargo tracking with blockchain technology to expand the system’s coverage.

It will also launch the Port Community System Enabler Recognition Scheme to recognise enterprises that actively participate in and promote the system’s application.

The system will provide better support, with funding from the Future Innovative Logistics Acceleration Scheme, for small- and medium-sized enterprises to adopt innovative logistics solutions that interface with the Port Community System.

Its government will announce the second batch of partner ports and channel more maritime routes from Central and South America to call at the Hong Kong Port.

It will also expand collaboration with Mainland ports and promote the establishment of a “brother port” relationship with Shanghai this year, it said.