Blockchain is the new “buzzword” floating
around the shipping and logistics industry. News about performing successful
test runs of blockchain technology based solutions on various live shipments by
consortium of maritime,IT and logistics industry giants like ‘Maersk,Agility,IBM’ , ‘PIL,PSA,IBM’, ‘AB InBev, Accenture, APL,
Kuehne + Nagel and a European customs organization’ have been appearing in the
digital media for a while now. They
claim that this technology eliminates the need for printed shipping documents
and saves hundreds of million dollars annually.
Is blockchain a new internet? How does it work? What is the benefit for the shipping and
logistics industry? Will it be a threat to forwarders and CHAs? This paper is trying to provide brief answers
to these questions. To read the full paper visit http://www.academia.edu/36577827/Blockchain_technology_solutions_in_shipping_and_logistics_industry
