Initiated by PortNet, this event was an opportunity to provide information on the key concepts of blockchain and to explain how this technology meets the business needs of the supply chain, as well as its impact on foreign trade.
In this sense, the Managing Director of PortNet, Youssef Ahouzi, highlighted that blockchain is a revolutionary technology that has already demonstrated its effectiveness in various sectors, notably the financial sector, by fundamentally transforming data and transaction management and disrupting passing these sectors.
Regarding the logistics chain, Mr. Ahouzi reported the emergence of several promising solutions based on blockchain to digitize logistics flows and enable end-to-end tracking of shipments such as “TradeLens”, or yet to digitize the original maritime bills of lading, noting that the failure of the global logistics platform “Tradelens” is due to the complexity and obstacles to overcome for widespread adoption of blockchain.
“As a one-stop shop for foreign trade, we see this blockchain technology as a solution and opportunity that could be leveraged to strengthen trade facilitation efforts and improve the efficiency of supply chains,” said the CEO of PortNet.
The one-stop shop, through its established community, will play a vital role in implementing this technology to provide high value-added services, he argued, noting that the planned introduction of a electronic lading or an original “bill of lading” based on this technology is anticipated by the maritime industry by 2030, which will allow the simplification and acceleration of commercial exchanges for all parties involved.
For her part, Farah Lahbib, Director Trade Finance of the OCP SA Group indicated that Morocco has made significant progress in digital, paving the way for new opportunities for improvement, including adherence to global initiatives and compliance with emerging Digital Trade standards, in addition to fostering partnerships with key stakeholders to stay at the forefront of Digital Trade transformation.
Thus, the adoption of blockchain technology by Morocco offers considerable potential in terms of economic opportunities and growth, she estimated.
Indeed, with the growing interest of Moroccan and African actors in this innovation, Morocco is positioning itself as a strategic gateway between Africa and Europe, explained Ms. Lahbib, adding that this adoption will also strengthen digital connectivity to pave the way for further exploration of this competitive advantage.
For his part, Adil Lahbichi, Executive Director Global Transaction Banking at Bank of Africa (BOA) insisted on the importance of blockchain to comply with the next Basel regulations (Basel 4).
This regulation promises to revolutionize data management, moving from a fragmented approach based on older generations of SWIFT to one focused on data completeness, he argued, specifying that this transition requires the integration of standards KYC (Know Your Customer) and compliance, previously managed separately by issuing and receiving banks.
To meet these requirements, close collaboration within the ecosystems of different sectors of the national economy is essential. This collaboration promotes the emergence of a synergy where all participants, whether buyers or sellers, contribute to strengthening the compliance and transparency of transactions.
The Digital Meetings by Portnet constitute a major event bringing together actors and decision-makers from the digital, logistics and foreign trade ecosystems in order to debate, exchange and formulate proposals, thus providing a platform for discussion and involvement for all parties. stakeholders in the economic and institutional sphere.
Placed under the High Patronage of His Majesty King Mohammed VI, Logismed 2024 is being held until May 9, under the theme “What logistics strategies face economic, geopolitical and environmental challenges?” and brings together stakeholders from the logistics community in the broad sense around a particularly rich program of exhibitions, conferences and meetings.
2024-10-02 03:23:27