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ChainPoint’18 International Blockchain Conference • November 14-15, 2018

ChainPoint’18 will take place on November 14-15, 2018 in Yerevan, Armenia. The organizer –“Nooor” Armenian Blockchain Association. ChainPoint’18 will be the largest…

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Tag: shipping

PIL Partners with IBM To Digitalize the Bill Of Lading Using Blockchain Technology

Category: Blockchain, Business, Finance, News, Platform, Tech

PIL Partners with IBM To Digitalize the Bill Of Lading Using Blockchain Technology

Pacific International Lines (PIL), the largest privately-owned shipping firm in Singapore has recently partnered with IBM to improve their existing supply chain management processes via blockchain technology. According to an article published by the Business Times on October 4, 2018, the goal is to create a digital bill of lading, an electronic document provided to acknowledge the receipt of cargo…

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Lloyd’s Register Develops Blockchain Prototype to Record Ship Details

Category: Adoption, Blockchain, Business, News

Lloyd’s Register Develops Blockchain Prototype to Record Ship Details

Lloyd’s Register, a U.K.-based maritime classification society, iterated its support of blockchain technology after it announced the development of a prototype DLT platform to enable efficient and hassle-free registration of ships. Per a press release published on September 4, 2018, the British company announced a demo of the tool at international maritime trade fair SMM taking place in Hamburg, Germany…

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Looking out for the Little Guy: How John Monarch Plans to Disrupt the Transport Industry

Category: Altcoins, Blockchain, News, Tech

Looking out for the Little Guy: How John Monarch Plans to Disrupt the Transport Industry

John Monarch knows logistics. His South Carolina based company, Direct Outbound, has been running warehouse and fulfillment services since 2012. Managing the shipments of e-commerce and brick and mortar retailers on a daily basis, he’s acquired a deep familiarity with the global supply chain, and the nature of world commerce more broadly speaking. Incorporating Smart Contracts on the Supply Chain…

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IBM and Maersk Eye Blockchain Logistics Market with TradeLens

Category: Adoption, Blockchain, Business, Finance, News

IBM and Maersk Eye Blockchain Logistics Market with TradeLens

On August 9, 2018, IBM and supply chain juggernaut Maersk have added 92 clients to their blockchain platform in a bid to revolutionize global shipping using blockchain technology. Blockchain and Logistics The new venture created by the two global companies has been dubbed TradeLens. Through its early, the companies have been working on an interlocking system of blockchain backed ports…

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South Korean Customs to Test Large-Scale Blockchain Technology System with 50 Local Companies

Category: Blockchain, Business, News, Tech

South Korean Customs to Test Large-Scale Blockchain Technology System with 50 Local Companies

Ten years after Bitcoin’s introduction, the world has just begun to wake up to the advancements and efficiencies of using blockchain-based administrative systems. Traditional media outlets have so far focused only on the price volatility of digital assets, ignoring the underlying technology by large. Korea’s Blockchain Push Beneath the un-reported depths of blockchain’s potential, companies and governments around the world…

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Hong-Kong Tech Company’s Ethereum Platform to Revolutionize the Shipping Industry

Category: Blockchain, Business, Ethereum, News, Tech

Hong-Kong Tech Company’s Ethereum Platform to Revolutionize the Shipping Industry

A Hong Kong-based startup company 300cubits, which centers around developing Ethereum blockchain technology for shipping, recently announced that it has completed its first trial shipment via a smart contract technology. How Does TEU Token Work? The trial uses “TEU” tokens to facilitate shipping transactions and has been referred to as the bitcoin of the shipping industry. The principle behind this…

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Prime Shipping Foundation Aims to Bring Cryptocurrency to the Shipping Business

Category: Altcoins, Bitcoin, Business, News, Tech

Prime Shipping Foundation Aims to Bring Cryptocurrency to the Shipping Business

Once looked upon as the domain of professional techies, cryptocurrency has grown exponentially since its inception. More and more companies are becoming cognizant of the increasing applicability of a digital currency in a business world so strongly built upon digital platforms. Bringing Crypto to Shipping In the latest effort to continue this expansion, the Prime Shipping Foundation has announced its…

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Port of Rotterdam Launches Blockchain Lab

Category: Blockchain, News

Port of Rotterdam Launches Blockchain Lab

The Municipality of Rotterdam and the Port of Rotterdam Authority in the Netherlands have launched BlockLab, announced on September 21. The blockchain research lab that will focus on demonstrating the potential of blockchain technology in industries outside of finance. BlockLab and its operations will be financed by the Dutch government and the regional development corporation InnovationQuarter. In the upcoming months,…

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Tokio Marine and NTT DATA Develop Blockchain Solution for Insurance Component of Shipping Trade

Category: Blockchain, Business, News

Tokio Marine and NTT DATA Develop Blockchain Solution for Insurance Component of Shipping Trade

Japanese insurance company Tokio Marine & Nichido Fire Insurance and system integration specialist NTT Data Corporation announced that they had completed a proof of concept for blockchain-based cargo insurance certificates for the international trade finance market. The test involved creating a data bill of lading, letter of credit, and a commercial invoice on a distributed ledger and was then tested…

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