Danish shipping company uses blockchain in IBM partnership – ComputerWeekly.com

Maersk and IBM test out the application of blockchain technology to track and manage the paper trail of shipping containers around the world.

IBM and Danish shipping giant Maersk are using blockchain technology to digitise transactions in the global shipping industry.

It is a huge market, with about 90% of the world’s trade carried by sea.

“Up until now, [shipping] supply chains have relied on the physical movement of paper documents, leaving the window open for fraud, human error and inadvertent delays,” said Ramesh Gopinath, vice-president, blockchain solutions and research at IBM Research.

<pre at: Danish shipping company uses blockchain in IBM partnership – ComputerWeekly.com

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