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Blockchain Technology Could Transform The Shipping Industry

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April 23, 2018 | 

687 Views | 

Joanna Newman | 

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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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