The Blockchain Academy Blog

Blockchain Solutions for Global Freight

blockchain global freight Jan 11, 2018

Just like blockchain is being seen to revolutionize various industries in the next few years, global freight or international shipping industry is not exempted from the great revolution. Being a continuation of our blockchain discussion on TheBlockchainAcademy[1], this post presents the potential blockchain solutions to be used and exploited by global freight industry in the coming years.

A number of businesses around the globe are making grounds to deploy blockchain to shape their shipping industry practices and exploit the potential it brings in terms of cost saving transparency and speed for the global fright transactions. Let’s take the very recent case of Marine Transport International[2], a leading freight forwarder based in the United States and the United Kingdom. The company has recently announced the deployment of the first public blockchain solution in the world, in the global freight industry. The official release of the company states that the business is using...

Continue Reading...