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Top Shipping Companies to Launch World Blockchain-Based Business Network

Nine leading shipping and terminal operators have signed a Memorandum of Understanding. The operators are going to develop an open platform based on distributed ledger technology.

The Memorandum aims at establishing an association to launch a shipping industry blockchain alliance called the Global Shipping Business Network. It has been signed in Shanghai at the China International Import Expo.

A digital platform for the global shipping business network will be developed by CargoSmart company providing logistics and shipping services. The first app launch is planned for December 2018 and “will allow shippers to digitize and organize their dangerous goods documents and automatically connect with relevant parties to streamline the approval process.”

The new blockchain consortium includes shipping operators from Singapore, China, France, and Taiwan.

Earlier this year, transport and logistics company from Denmark Maersk partnered with IBM to launch global blockchain-based solution with 94 shipping organizations involved.

Logistics industry is one of the most promising fields of blockchain implementation. However, the technology keeps earning popularity being implemented in more and more sectors. Ranging from small startups and ending with international corporations transforming their processes in order to comply with the newest technologies and opportunities provided.

Whether you consider the opportunities of blockchain for establishing a new breakthrough business or level-upping an existing one it’s a great tool to create an amazing project! You may find out about your idea realization feasibility by asking us.

DO YOU HAVE ANY QUESTIONS?

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