Monday, May 7, 2018

Blockchain technology solutions in shipping and logistics industry.


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

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