Koopman Logistics, a Netherlands-based transportation and logistics company, has become one of the first automotive transportation companies to implement IBM Blockchain technology.

In a recent press release, IBM announced that it has entered into agreements with six leading European companies that rely on the IBM Cloud to access advanced technologies such as AI, blockchain, and analytics. The companies include Italian multimedia publishing company Gruppo 24 Ore, Spanish digital and mobile health solution provider Teckel Medical, French bank Crédit Mutuel, the UK's RS Components, multinational lightning manufacturer Osram AG, and Netherlands´ Koopman Logistics.

"Enterprises across Europe are gravitating to the IBM Cloud because it helps them modernize their existing infrastructures by gaining access to exciting technologies like AI, blockchain, IoT, analytics and more," said Sebastian Krause, General Manager IBM Cloud Europe.

The blockchain solution will enable Koopman to rapidly and accurately track and trace its consignments across its entire supply chain and replace paper-based processes with secure, digital records.

Earlier in April, Koopman Logistics Group announced its first vehicle delivery in a fully digitized process. The digital solution, developed in partnership with IBM, provided PON Logistics end-to-end visibility of the supply chain, as well as a full electronic CMR, eliminating all paper-based processes.

“Blockchain technology enables us to follow the vehicle through its life in the supply chain, adding tremendous value to our customers, giving them real-time information on the vehicle, not only its location, but also on damage, technical status, upgrades etc. This allows customers to re-engineer their logistics networks to achieve break-through cost reductions, but also helps for example to avoid mileage and VAT fraud, key issues in the cross-border sales processes of used cars,” Jon Kuiper, CEO of Koopman, said.