A smart port equips the workforce with relevant skills and technology to solve the unique internal and external challenges of the organisation, and to facilitate the efficient movement of goods, delivery of services and smooth flow of information.
Using a holistic approach, the smart port achieves results without creating new challenges internally or elsewhere in the supply chain eco-system.
The smart port minimises the negative impacts of its activities on the natural environment and enhances the surrounding communities - economically and socially.
The material benefits of chosen technologies allow the smart port to:
A smart port is not defined by the use of any one particular technology or concept. [1]
Smart ports employ smart technology solutions to increase efficiency, effectiveness and security by making ports more environmentally sustainable, economically efficient and capable of handling increased port traffic.
Due to the increasing size and volume of container, transport and cruise ships, ports continue to face new challenges with daily traffic and processing. Technologies such as IoT can improve warehouse logistics, inventory management etc. and help automate loading, dispatching and transporting goods.
In smart ports, parking spaces could be optimised and traffic streamlined by making more efficient use of limited space. [2] Sensors, cameras, drones and other technologies can automatically collect and share information such as weather, traffic and pollution data for port owners and customers. [3] Optimizing workflow could double capacity without having to additional space or having to invest in new infrastructure and equipment, while simultaneously reducing operation costs. [4] Making a port "smart" not only means digitally connecting everything inside the port, but also requires multilevel cooperation among government authorities, businesses, local communities and other relevant parties. [5]
Shared data from smart ports also requires standardisation so that it could be better utilised by people in different countries and locations. [5] The latest information from international business intelligence provider Visiongain, assesses that Smart Ports Market spending will reach $1.5 bn in 2019. A smart port takes complete advantage of space, produces higher revenues, saves natural resources and benefits from the technology accessible to the logistics community.
Artificial intelligence could assist with security checks and automated screening processes, not only helping to standardise and lower the durations of those tasks, but also making them safer, more reliable and less dependent on human failure. [6]
In order to remain economically competitive, ports need to efficiently streamline workflow and minimise costs. [2] If the optimal traffic flow for ships can be determined automatically, the cargo loading and unloading times can be optimised to save time so that more ships and cargo can be cleared in less time. [6] Local natural resources such as petroleum can also serve as incentives for port development, leading to long-term trade and economic development for an entire area. [7] At the same time, as automation is potentially able to lower overhead and costs, smart ports can become less financially dependent on political authorities, allowing increased flexibility for private investments and improvements. [8]
Ports have historically suffered from high levels of environmental pollution. [9] However, smart ports can limit energy consumption and waste by making use of automation and smart technologies. [4] [5] Hamburg, for example, has a system of sensors, cameras and smart lights on roads to help monitor and direct traffic, which can help to optimize traffic and thus lower emissions. [2] These large public infrastructural development projects typically require significant cooperation from various agencies and government authorities. [5]
Ports have always served an important function for the transfer of goods. Before the Industrial Revolution, ports had functioned as trade centers and marketplaces that would develop into centers for cross-cultural exchange, social development and demographic settlement.
In the 21st century, as ports merge with big data, artificial intelligence and IoT, the port is beginning to be seen as an interconnected smart environment bringing together different port sectors and even other ports. The whole supply chain is integrated while making autonomous, intelligent choices. [10]
To help build a network of highly connected and technologically advanced smart ports all over the world, the Hamburg Port Authority started the chainPORT initiative in collaboration with ports like Los Angeles, Montreal, Rotterdam, Antwerp, Barcelona, Felixstowe, Singapore and Busan, to share and disseminate the concept of smart ports. [11]
The maritime industry has been testing blockchain technology since 2017 and several shipping companies have partnered with tech companies to create blockchain shipping systems to improve maritime logistics. [12]
IBM has tested the Blockchain technology in Customs Declaration (CusDec) submission. Delays happen in customs declaration submission and border clearing could be minimised if the industry is ready to practice IBM's initiative.
Since smart ports would have to deal with big data and operate using surveillance, data privacy and security are potential areas of concern. Concerns include questions of who will have access to the data, and how networks can be protected from hacking and sabotage. [13] [14] Others criticise the term "smart" as frequently overused and exaggerated by IoT advocates for marketing purposes, while a truly "smart" environment should be able to learn and interact. [15]
A port ecosystem consists of multiple parties that take on a diverse range of tasks and responsibilities, with each party having different priorities for port development. [16] Currently, the smart port approach is frequently being promoted by port authorities. However, successfully developing a smart port requires a more holistic multi-stakeholder approach that would require large-scale cooperation on many different levels. [17] Another problem with automation is the mass replacement of human workers, which has already led to protests in places such as the Port of Los Angeles. [18]
Some governments have to focus more on providing jobs rather than focusing on smart solutions when the port operation is done by the government. Automation also cannot be utilised to its full potential if there is a lack of basic infrastructures, such as when there is insufficient capacity for containers or inadequate port area size. In such circumstances, the real cost of implementing smart port technologies can actually outweigh the benefits. [19] Further, smart solutions are highly capital intensive. This may not be affordable for every port.[ citation needed ]
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as Hamburg, Manchester and Duluth; these access the sea via rivers or canals. Because of their roles as ports of entry for immigrants as well as soldiers in wartime, many port cities have experienced dramatic multi-ethnic and multicultural changes throughout their histories.
Edge computing is a distributed computing paradigm that brings computation and data storage closer to the sources of data. This is expected to improve response times and save bandwidth. Edge computing is an architecture rather than a specific technology, and a topology- and location-sensitive form of distributed computing.
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts are commonly associated with cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and NFT applications.
The Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks. The Internet of things encompasses electronics, communication and computer science engineering. Internet of things has been considered a misnomer because devices do not need to be connected to the public internet, they only need to be connected to a network, and be individually addressable.
A smart city is a technologically modern urban area that uses different types of electronic methods and sensors to collect specific data. Information gained from that data is used to manage assets, resources and services efficiently; in return, that data is used to improve operations across the city. This includes data collected from citizens, devices, buildings and assets that is processed and analyzed to monitor and manage traffic and transportation systems, power plants, utilities, urban forestry, water supply networks, waste, criminal investigations, information systems, schools, libraries, hospitals, and other community services. Smart cities are defined as smart both in the ways in which their governments harness technology as well as in how they monitor, analyze, plan, and govern the city. In smart cities, the sharing of data is not limited to the city itself but also includes businesses, citizens and other third parties that can benefit from various uses of that data. Sharing data from different systems and sectors creates opportunities for increased understanding and economic benefits.
Samsung SDS Co., Ltd., established in 1985 as a subsidiary of Samsung Group, is a provider of Information Technology (IT) services, including consulting, technical, and outsourcing services. SDS is also active in research and development of emerging IT technologies such as Artificial Intelligence (AI), Blockchain, Internet of Things (IoT) and outsourcing in engineering. In 2019, Samsung SDS reported a net profit of 750.4 billion won, an increase of 17.5% year-on-year. The company is estimated to have the 11th most valuable brand among global IT service companies, at US$3.7 billion as of January 2020. Samsung SDS has headquarters in South Korea and eight other overseas subsidiaries, one in America, Asia-Pacific, China, Europe, Latin America, Middle East, India, and Vietnam.
Digital transformation is the process of adoption and implementation of digital technology by an organization in order to create new or modify existing products, services and operations by the means of translating business processes into a digital format.
"Fourth Industrial Revolution", "4IR", or "Industry 4.0" is a buzzword and neologism describing rapid technological advancement in the 21st century. The term was popularised in 2016 by Klaus Schwab, the World Economic Forum founder and executive chairman, who says that the changes show a significant shift in industrial capitalism.
A blockchain is a distributed ledger with growing lists of records (blocks) that are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Since each block contains information about the previous block, they effectively form a chain, with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies.
Hyperledger is an umbrella project of open source blockchains and related tools that the Linux Foundation started in December 2015. IBM, Intel, and SAP Ariba have contributed to support the collaborative development of blockchain-based distributed ledgers. It was renamed the Hyperledger Foundation in October 2021.
A decentralised application is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. Like traditional applications, DApps provide some function or utility to its users. However, unlike traditional applications, DApps operate without human intervention and are not owned by any one entity, rather DApps distribute tokens that represent ownership. These tokens are distributed according to a programmed algorithm to the users of the system, diluting ownership and control of the DApp. Without any one entity controlling the system, the application is therefore decentralised.
A distributed ledger is the consensus of replicated, shared, and synchronized digital data that is geographically spread (distributed) across many sites, countries, or institutions. In contrast to a centralized database, a distributed ledger does not require a central administrator, and consequently does not have a single (central) point-of-failure.
The industrial internet of things (IIoT) refers to interconnected sensors, instruments, and other devices networked together with computers' industrial applications, including manufacturing and energy management. This connectivity allows for data collection, exchange, and analysis, potentially facilitating improvements in productivity and efficiency as well as other economic benefits. The IIoT is an evolution of a distributed control system (DCS) that allows for a higher degree of automation by using cloud computing to refine and optimize the process controls.
Digital agriculture, sometimes known as smart farming or e-agriculture, is tools that digitally collect, store, analyze, and share electronic data and/or information in agriculture. The Food and Agriculture Organization of the United Nations has described the digitalization process of agriculture as the digital agricultural revolution. Other definitions, such as those from the United Nations Project Breakthrough, Cornell University, and Purdue University, also emphasize the role of digital technology in the optimization of food systems.
The freight technology sector, also known as FreightTech, refers to software companies and technologies which assist in supply chain management and the movement of freight. In the five years following 2014, investment in FreightTech companies grew from $118 million to $3 billion per year.
Trade finance technology refers to the use of technology, innovation, and software to support and digitally transform the trade finance industry. TradeTech can be seen as a subcategory under FinTech. As digital information becomes more readily accessible, convenient, and available, the trade finance industry is being gradually modernised and digitally transformed. TradeTech puts a particular emphasis on the application of technology and software to modernise trade finance.
Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract's stakeholders by connecting the contract directly to real-world data, events, payments, and other inputs.
The impact of self-driving cars is anticipated to be wide-ranging in many areas of daily life. Self-driving cars have been the subject of significant research on their environmental, practical, and lifestyle consequences.