shipping
India's Largest Shipping Port Operator Adopts Maersk-IBM Blockchain Platform
In the latest development, India’s largest port operator announced on May 27 it is adopting blockchain technology through its shipping and invoicing business.
Will Blockchain Make Shipping more Efficient in the Future?
Shipping in some cases is not restricted to the transportation of cargo by ships, but it refers to the transportation of items by mail of any means, the form of transportation could be air, road or train, but the most used form is transportation by sea.
Alibaba to Bring Blockchain Technology to Chinese Shipping Ports
China is tapping into the potential of blockchain technology like none other; the country’s entrepreneurs and local governments alike have already started implementing blockchain-based projects while most of the globe grapples with legality issues.
Global Shipping Business Network (GSBN) Bullish on Blockchain
Hong Kong-based nonprofit consortium Global Shipping Business Network (GSBN) remains optimistic about the potential of blockchain in logistics, with a platform that rivals Maersk's TradeLens. Major shipping partners like Cosco and Hapag-Lloyd have already joined, with a permissioned blockchain allowing only authorized parties to access data. Despite past failures, GSBN CEO Bertrand Chen believes blockchain has yet to fully catch on and its adoption may take another decade.
GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns
Global Shipping Business Network (GSBN) has adopted blockchain technology to speed up pilot transactions by unifying the consent collection and sharing of shipping data with financial institutions.
VeChain and Alipay Join China-Australia Blockchain Supply Chain Project for Sustainable Shipping
A joint Australian-Chinese supply chain and trade finance project got a major boost last week as AliPay, Mastercard, and crypto firm VeChain joined the initiate.
IBM, Cisco and EY: The 3 Blockchain Leaders in Supply Chain in 2020
Supply chains are vital networks between a company, its vendors and suppliers to produce and distribute specific products to the consumer. This network usually includes many actors doing different activities—people, entities, information, and resources.
Accenture Forms Strategic Partnership with TradeIX, Joining the Marco Polo Network
Professional services firm Accenture has partnered with TradeIX to create new use cases for the buyers and sellers in the trade finance market. TradeIX, a trade finance blockchain startup, previously launched the Marco Polo Network along with R3.
Blockchain, Brands and Clothing: Will 2020 Continue to Be a Year of Growth?
According to the global brand counterfeiting report 2018, “The growth in global trade and technology has positively affected many markets across the world, but along with that, it has some major adverse effects as well. Business organizations spend a lot of money, time and resources on protecting their brand and trademarks. But even after all the measures, the counterfeit market is booming rapidly.”
Is Blockchain’s Immutability the Holy Grail for Logistics?
The logistics industry can leverage on blockchain’s immutability in propelling order tracking, administrative efficiency, and dispute resolution.
Bank of Korea Speeds up Digital Currency Research, States Central Banks are Driven towards DLT
The Bank of Korea (BoK), South Korea’s central bank and monetary issuer, has released its research on the use of digital currencies and blockchain technology for the banking industry.
Fujitsu and Ricex Reveals World’s First Blockchain-Enabled Rice Trading Platform
Fujitsu has revealed its collaboration with Rice Exchange (Ricex), a Switzerland-based startup, for the first-ever blockchain-powered rice trading platform. This move seeks to offer unparalleled traceability, efficiency, transparency, and security to the worldwide rice market worth a whopping $450 billion.
Oman Oil & Orpic Group and HSBC Digitize Trade Finance with the Execution of their First Blockchain Trade Transaction
Oman Oil & Orpic Group and HSBC Bank Oman have succeeded in carrying out their first trade transaction via blockchain technology.
Why is Nigeria Africa’s Biggest Crypto Hotspot Even Though it Doesn't Even Have a Bitcoin ATM?
Nigeria is the biggest crypto market in Africa, but based on official records it does not have a functional Bitcoin ATM. WeeTracker reported on Jan 27 that this trend is noted in Nigeria despite it backing the first stablecoin project in the continent using its currency the Naira.