Blockchain in Shipping: Is It Here to Stay?

"Blockchain" is now a familiar word, even if a large portion of us in the shipping industry are not actually using such technology yet. But, is this new visitor here to stay?  Certainly the likes of Maersk seem to think so, and with a certain degree of success. Over 90 companies have signed up already to the Maersk and IBM-initiated digital supply chain known as … [Read more...]

Industry Questions New Box Ship Blockchain Network

By Alex Lennane (The Loadstar) - Tuesday's announcement that five shipping lines and four terminal operators are to form a consortium to develop a Global Shipping Business Network (GSBN) has raised more questions than it answered. GSBN will be a blockchain-enabled platform that will help digitise the industry, set standards and transform documentation flows, the companies … [Read more...]

Blockchain in the Marine Bunker Market

What is Blockchain?  What are Blockchain Bunkers?  Why Blockchain Bunkers? All good questions around the astonishing new technology transforming how business will be done across the marine industry. So, What is Blockchain? Blockchain is a network of users that collectively create a shared system of transparent transaction records or ledgers among the network … [Read more...]

UK’s Leading Port Operator to Test Blockchain Logistics Software

The UK’s leading port operator, Associated British Ports (ABP), has signed a Memorandum of Understanding (MOU) to create one of Europe’s first detailed pilot programs to examine the implementation of blockchain technology to improve port connectivity. The MOU was signed this week with Marine Transport International, a logistics software company that specializes in … [Read more...]

Maersk, IBM Say 94 Organizations Have Joined Blockchain Trade Platform

COPENHAGEN, Aug 9 (Reuters) - Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping. The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still … [Read more...]