HONG KONG, CHINA - MediaOutReach - 1 February 2019 - Kerry Logistics Network Limited ('KerryLogistics'; Stock Code 0636.HK), Deloitte, and CargoSmart have successfullyconnected multiple distributed ledger technology (DLT) networks for a platformto enhance efficiency for the shipping industry worldwide by digitisingdocument exchange between forwarders and carriers, as well as improving thetraceability of shipping documents. Completed in December 2018, the platform'sproof-of-concept (POC) is interoperable across different DLT and cloud networkscommonly used by participants in global trade and finance.

"AtKerry Logistics, we believe simple is beautiful. Distributed ledger is atechnology that could simplify the complicated transactions in logisticsoperations. When we eliminate redundant processes, we can bring new benefits toour customers and to the planet, which has always been one of Kerry Logistics'beliefs. Blockchain is more than cryptocurrency, it is the future of logistics,especially when Internet of Things applications are put to use. KerryLogistics sees it as the solution for ultimate supply chain optimisation and istrying all means to be in the vanguard of this revolution. The implication ofthis POC with Deloitte and CargoSmart is significant, as it defines a newagenda of the next digital age in our industry. The ones who set the groundrules will be the leaders for the next era," said Wilson Lee, Group Director ofInformation Technology, Kerry Logistics.

"Ahealthy logistics ecosystem is paramount in global trade, but complicateddocumentation has been a structural problem. Document digitalisation is notjust the first step, but also a groundbreaking step in the transformation ofthe logistics industry. In addition to facilitating document coordination, DLTspeeds up approvals, provides updated and secure data for informed decisions,and offers a source of truth for all participants, especially banks, insurancecompanies, and other financial institutions. We therefore expect even greaterbenefits from DLT applications for shippers, forwarders, carriers, and otherplayers at large in the future," says Deloitte Asia Pacific Blockchain LabLeader Dr Paul Sin.

"Deloitteis grateful for the opportunity to help Kerry Logistics embark on the journeytowards a more trustworthy, efficient ecosystem, leveraging CargoSmart'sconnectivity with major carriers and terminals. This pilot project has provedthat openness to cooperation and tech interoperability are pivotal factors forsuccess, and we look forward to seeing more similar cross-industrycollaboration in the DLT space in the future," Dr Sin added. 

"CargoSmartis excited to work collaboratively with Deloitte and Kerry Logistics to bridgethe gap between the shipping and finance industries by utilising distributedledger technology. In this project, we proved the network-to-networkinteroperability and demonstrated the cross-industry collaboration. With asingle source of truth, it simplifies the documentation process and acceleratesthe data exchange across multiple parties, creating a better end-to-end supplychain journey for users in the near future. We will continuously strive todrive innovation through technology in order to create value for customers andto facilitate the digital transformation of the ocean shipping and logisticsindustry," said Lionel Louie, Chief Commercial Officer of CargoSmart.

About KerryLogistics Network Limited (Stock Code 0636.HK)

KerryLogistics is an Asia-based, global 3PL with the strongest network in Asia. Itscore competency is providing highly customised solutions to multinationalcorporations and international brands to enhance their supply chain efficiency,reduce overall costs, and improve response time to market. Kerry Logistics hasa network covering 53 countries and territories, and is managing 53 million sqft of land and logistics facilities worldwide, providing customers with highreliability and flexibility to support their expansion and long-term growth.Kerry Logistics Network Limited is listed on the Main Board of the Hong KongStock Exchange and is a selected Member of the Hang Seng CorporateSustainability Index Series 2017-2018.

About CargoSmart 

CargoSmartLimited empowers companies to digitally transform their global supply chains.Leveraging technologies including artificial intelligence, Internet of Things,blockchain, and a deep understanding of ocean shipping, CargoSmart providesinnovative solutions for transportation and logistics teams to collaborate,increase visibility, and gain insights to optimise supply chain planning andoperations. Founded in 2000 and headquartered in Hong Kong, CargoSmart hashelped over 160,000 professionals increase delivery reliability, lowertransportation costs, and streamline operations. For more information, pleasevisit www.cargosmart.ai. 

About Deloitte Global

Deloitterefers to one or more of Deloitte Touche Tohmatsu Limited, a UK private companylimited by guarantee ("DTTL"), its network of member firms, and their relatedentities.  DTTL and each of its memberfirms are legally separate and independent entities.  DTTL (also referred to as "Deloitte Global")does not provide services to clients. Please see www.deloitte.com/about tolearn more about our global network of member firms.

Deloitteprovides audit & assurance, consulting, financial advisory, risk advisory,tax and related services to public and private clients spanning multipleindustries. Deloitte serves nearly 80 percent of the Fortune Global 500®companies through a globally connected network of member firms in more than 150countries and territories bringing world-class capabilities, insights, andhigh-quality service to address clients' most complex business challenges. Tolearn more about how Deloitte's approximately 286,000 professionals make animpact that matters, please connect with us on Facebook, LinkedIn, or Twitter.