Question

discuss new trends in ports such as, port ownership and port management company

Answer 1

Port ownership and port management has seen widescale adoption if Internet of Things where each port is seamlessly connected virtually to other ports and vessels snd real time data from sensors gets transmitted to core network which thus analyses this data using Artificial intelligence and Machine learning to send insights about logistics planning and supply chains management.

Moreover, adoption of Blockchain methodology where each stakeholders of port ownership company has decentralised the editing amd modifications of reports to facilitate easy movement of smart contracts and make transparency of deals. Here any modifications needs to be attributed and accepted by all stakeholders thus elimination of centralised process and autocratic bureaucracy. This lowers delay and turnaround time and helps easy movement of goods.