Chain Bazaar Make it easier for the blockchain to land
Chain Bazaar Make it easier for the blockchain to land
Picture丨From the Internet
Picture丨From the Internet
Picture丨From the Internet
Blockchain technology has changed the shipping industry to a great extent. Many shipping companies use blockchain technology to enable smoother transfer of information between different businesses, and to make trade-related office procedures faster and more efficient.
Considering the development of industry standards, regulatory issues, and the emergence of various blockchain technology platforms, the implementation of blockchain technology faces several challenges. Blockchain technology is changing the rules of the game, shipping industry players need to be ready for blockchain technology, and companies need to be ready to use this technology to transform
Let’s review some of the important advancements that blockchain technology has brought to the shipping industry.
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1. The first use of blockchain technology to issue bills of lading
The bill of lading for this shipment is issued and transferred electronically in minutes, not days or weeks, with the help of a secure and reliable public blockchain, and the possibility of the bill of lading being lost, stolen or damaged will be greatly reduced to close to zero.
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2. The world's first shipping agreement to be traded on Ethereum
The shipment consisted of two 40-foot cube containers and was shipped from Malaysia to Brazil.
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3. Maersk and IBM Launch TradeLens Blockchain Shipping Solution
According to Maersk and IBM, 94 organizations in the TradeLens early adopter program have actively participated or agreed to participate in building the TradeLens platform based on open standards.
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4. Abu Dhabi Ports offers blockchain technology for trade
Silsal combines blockchain technology with unique digital user identities to provide seamless and secure connections between stakeholders across the trading community. Blockchain technology is an open decentralized distributed ledger. Available to trade participants to record and extract transaction details with increased security, transparency and efficiency.
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5. The world's first marine insurance blockchain platform
The blockchain platform is built on Microsoft Azure global cloud technology and is positioned to provide significant value to the insurance industry. The platform is the insurance industry's first attempt, and its initial phase will involve the entire marine industry and gain the advantages of blockchain end-to-end use.
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6. PIL, PSA and IBM have successfully practiced blockchain technology
After signing the memorandum, the two companies verified the PoC consensus mechanism on IBM's blockchain platform, applied and tested a supply chain platform based on blockchain technology to track and trace through the southern transportation corridor from Chongqing to Shipping of goods in Singapore.
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7. A blockchain-based document transfer platform developed by the Port of Antwerp
Documents such as certificates of origin and phytosanitary certificates can be transferred automatically through blockchain-based "smart contracts".
Other related applications
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1. Ocean shipping companies and terminal operators initiate blockchain alliances
Nine leading shipping companies and terminal operators have signed an agreement to form an alliance chain to build an open digital platform based on distributed ledger technology to develop the Global Shipping Business Network (GSBN).
The new platform will build a blockchain platform designed to connect all stakeholders, including carriers, terminal operators, customs agencies, shippers and logistics service providers, to enable collaborative innovation and digital transformation in the supply chain.
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2. AMRO, Samsung SDS and Port of Rotterdam launch blockchain pilot project for container logistics
The ultimate goal is a complete paperless integration of physical, administrative and cash flow in the international distribution chain. "Shipping and servicing, monitoring and financing should be as easy as ordering a book online."
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In September, LR announced a collaborative project with Hyundai Heavy Industries (HHI) to explore the significant value of blockchain applications in the shipbuilding industry. And launched a ship classification demonstrator based on blockchain technology.
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4. The Maritime Blockchain Lab introduces a new consortium chain to improve crew management and simplify documentation
The project aims to streamline and optimize seafarer safety and training credentials compromised by lack of safety document verification, paper certificate management.
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5. The MBL fuel assurance platform is ready for commercialization and enters the testing and expansion stage
The lab indicated that its first demonstration project, the provision of reliable fuel source data for the maritime sector, aimed at providing reliable information on fuel source, itinerary and characteristics, will enter a further stage of development as it moves towards commercialization key step.
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6. Applied to the fuel supply chain, the EU announced the establishment of an industry-leading demonstration alliance
Blockchain technology and governance specialist Blockchain Open Collaborative Laboratory (BLOC), through its subsidiary Maritime Blockchain Laboratory (MBL), has announced the formation of a consortium chain to address traceability and transparency in marine fuel supply chains , with participants including Lloyd's Register, Prestige Shipping, Postoma, BIMCO, International Bunker Industry Association (IBIA) and GoodFuels.
After extensive research, MBL has identified the shipping industry as an ideal use case for multiple complex transactions where blockchain technology can increase transparency and create better levels of compliance and governance.
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