US technology giant Oracle will develop a next-generation IT system built on cloud-based infrastructure for South Korean ocean carrier line Hyundai Merchant Marine (HMM) as part of the shipping line’s project to expand into new technologies.
HMM has announced that it will also form a joint research lab with Oracle to study how systems such as blockchain, Internet of Things (IoT) and big data analytics can improve business processes and benefit the movement of ocean freight.
The carrier line will introduce a more robust IT service environment for both internal and external customers in 2020, which will mark the end of the three-year development plan by the twelfth largest container shipping company.
Learn how the SmartLog, a blockchain-enabled pilot project, is aiming to reduce overall cargo unit transport times in the 'Smartlog: Piloting Blockchain for Logistics' Port Technology technical paper
As part of its technology strategy, HMM began a recruitment drive to add new IT personnel to its ranks in February 2018.
A HMM official stated: “The introduction of new IT technologies is now the key to maritime competitiveness. Our IT assets will be an important factor in determining the future of HMM.”
