QuayChain, a blockchain-based logistics solutions provider, and Ericsson, a Swedish multinational networking and telecommunications company, have recently partnered to utilize private 5G to create solutions for ports and supply chain users. 

This collaboration should revolutionize the industry by providing faster, more secure, and more efficient services.

What is Private 5G?

Private 5G is a new technology that provides businesses with dedicated and secure wireless connectivity. Unlike public 5G, accessible to anyone with a compatible device, private 5G networks are designed to be used within an organization. 

When combined with blockchain technology, these networks can create a more secure and efficient logistics infrastructure tailored to each organization’s needs. 

Private vs. Public 5G

So, we know that unlike public 5G, private 5G networks are dedicated to a specific organization. But how does that impact the actual logistics infrastructure, and what exactly are the differences between public and private 5G?

Public 5G networks

• Public 5G networks are built, deployed, managed, and maintained by network providers 
• They can be used by anyone, including businesses
• Public 5G networks cover larger areas (such as entire cities)
• Data processing often occurs on public cloud infrastructure
• The network provider controls network settings and management
• Businesses pay monthly fees for access

Private 5G networks

• Private 5G networks can be independent or dependent
• Independent private networks are owned and operated by organizations
• Dependent private networks are managed by network providers but dedicated to specific organizations

Additionally, private 5G networks are limited to specific locations like college campuses, factories, hospitals, or ports, this provides a whole host of benefits we’ll discuss next.

What are the Benefits of Private 5G?

Outlining the benefits of private 5G offers a better understanding of the power of QuayChain’s partnership with Ericsson and why bringing 5G to ports and supply chain users is so impactful.

• Enhanced speed

Private 5G is renowned for its enhanced speed compared to public networks. This means businesses can quickly exchange data and handle tasks much more efficiently. In ports and supply chains where time is of the essence, you can see why this technology can be incredibly advantageous.

• Improved security

Private 5G networks are also designed with improved security in mind. These networks provide enhanced protection against cyberattacks and data breaches, increasingly prevalent threats in today’s digital landscape. Private networks offer a higher level of control and isolation, making it more challenging for malicious actors to gain unauthorized access to sensitive data or disrupt operations.

Private 5G networks also use robust encryption and authentication protocols, keeping communications and data transmissions secure. This added layer of security is particularly crucial in ports and supply chain environments where data confidentiality, integrity, and availability are vital for smooth operations and maintaining customer trust.

When it comes to the partnership between Ericsson and QuayChain specifically, the help of private 5G networks means QuayChain can ensure the data being transmitted is secure and cannot be intercepted by unauthorized parties. This offers supply chain stakeholders complete visibility into the movement of goods and ensures they are transported safely and on time.

• Increased scalability

Private 5G networks have a scalable nature. In turn, businesses can more quickly adapt to changing operational needs without shelling out for significant infrastructure investments. 

So, in the event an organization needs to expand its operations, accommodate a surge in demand, or adjust its network capacity, private 5G networks can be quickly deployed and scaled up or down accordingly.

What does this mean specifically for ports and the supply chain? 

Notably, it allows them to be more agile and responsive to market dynamics. This ensures their network infrastructure can keep up with growing demands. Moreover, with the ability to scale up or down as needed, businesses can optimize their resource allocation and minimize unnecessary costs associated with over-provisioning or underutilizing infrastructure.

• Lower cost

Rather than digging up cables or new infrastructure from scratch, businesses can leverage private 5G networks to quickly achieve their goals at a fraction of the cost. This makes it easier for ports and supply chain users to find affordable solutions without sacrificing performance or security.

Solutions for Ports and Supply Chain Users

The partnership between QuayChain and Ericsson aims to create solutions for ports and supply chain users that utilize private 5G technology. 

These solutions facilitate faster and more secure communication between ports, shipping companies, and other supply chain stakeholders. This will result in reduced turnaround times, increased efficiency, and improved visibility throughout the supply chain.

Conclusion

The partnership between QuayChain and Ericsson represents a significant step forward for the logistics industry. 

These companies can use private 5G technology to create secure and efficient solutions for ports and supply chain users, reaping the above benefits and more.

As the technology continues to develop, we can expect to see even more innovative solutions that will further streamline the logistics industry.

About QuayChain

To learn more about how QuayChain fills supply chain gaps and data black holes by delivering 24/7 real-time, accurate, and trusted event and milestone data, visit this page next. 

Did you learn a lot about QuayChain’s partnership with Ericsson in this post?

Learn more about our other partnerships next:

• Port Of Oakland Partners With Quaychain to Help Bring Digitization To Ports
• QuayChain Joins ZeBox to Drive Innovation in Logistics and Supply Chain
• World-First Supply-Chain LTE/5G Network Builds Visibility Amid Congestion Melt