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Blockchain Technology Could Transform The Shipping Industry

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April 23, 2018 | 

1697 Views | 

Joanna Newman | 

Get Into Cryptocurrency Trading Today

Globalization has upset the ecosystem of commercial networks, particularly on maritime transport, with the robotization of ports, the creation of larger and faster vessels. But almost all the industries operating in this sector still depend on paper documents, especially at the administrative level.

IBM and carrier A.P. Møller-Mærsk have sought to push their collaboration one step further. Indeed, the Danish giant of the shipowners and the American giant of the IT intend to integrate a Blockchain solution in their domain of activity with a view to the optimization and the fluidification of the regulatory exchanges. An initiative that would certainly significantly reduce administrative costs in the sector.


The administrative increases the cost of transporting a container









The Blockchain, a solution perfectly adapted to several sectors








A convergence of interests should be created






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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

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Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.

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