COSCO innovation lab keys in on IoT, data analysis for Pudong


COSCO SHIPPING Technology Intelligent Shipping Innovation Center was part of a second group of institutions selected for the Pudong Group Open Innovation (GOI) plan.

On the 2 December ceremony held at the China Financial Information Centre in Pudong, COSCO SHIPPING Technology Intelligent Shipping Innovation Center was one of the second batches of GOI centres selected by Pudong New Area.

The center has set up joint laboratories and experimental bases since its establishment in June 2018, with a multitude of award-winning innovation achievements.

In the next three years, the center will focus on research and development work in the fields of data analysis based on all shipping elements, industrial big data analysis based on Internet of Things (IoT) technology, and business collaborations between port and carrier supply chains based on blockchain smart contracts.

It is expected to work with more than 100 shipping and related enterprises, achieving integrated development and collaborative innovation with Pudong-based SMEs from various domains.

Earlier this month COSCO Shipping joined forces with China-based Midea Group to build a new digital supply chain ecosystem.

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